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General Discussion => Essentially Flyertalk => Topic started by: BIG APPLE CAT on April 09, 2014, 03:52:08 PM
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Could really use some advice here guys...basically this story started right after high school when the future mrs. hub decided she was going to go to the finest colleges money could buy. Skip ahead a few years and she, like many people ages 25-33, has found herself up to her eyeballs in student loan debt with a job that, on her current trajectory, will allow her to pay off her debt by the time she's 125.
Anyway, she's gone through a cycle of debt consolidation and even after that she still has like 4 different loan payments she has to make each month from a variety of private and federal lenders.
So anyway, one of these private lenders has unleashed the collection agency on her. The current sitch is that the lender is "no longer willing to negotiate" and her 2 options are 1) pay $5000 in 3 weeks, then resume normal outrageously high interest monthly payments or 2) pay off the loan in full over the next 24 months. And the outstanding balance is something like $45,000...no way in hell that is happening in 24 months.
So like, does she have any recourse but to meet their outrageous demands? Even with my help she couldn't come up with 5k in the next 3 weeks, but even less likely than that is her being able to pay off 45k in the next 24 months. Because in reality, neither of those are viable options. Will they likely take her to court? Or are they just trying to scare her in the hopes that she'll give them all the money they want?
Would really appreciate any input from anyone who knows anything about how this works. I feel bad I can't offer her any advice but I was fortunate, my student loan debt (Sallie Mae) was minimal and I was able to pay it off fairly quickly, so I have no experience whatsoever with private lenders or collection agencies.
TIA
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i just ignore the call when they call
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You need to have her call into the Dave Ramsay show. Nobody on this great earth can help you more than him. In the mean time, you should have her cut up all of her credit cards.
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You need to have her call into the Dave Ramsay show. Nobody on this great earth can help you more than him. In the mean time, you should have her cut up all of her credit cards.
you are perfect.
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You need to have her call into the Dave Ramsay show. Nobody on this great earth can help you more than him. In the mean time, you should have her cut up all of her credit cards.
That advice and that sig pic....beautiful together.
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run
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Do not marry this woman (at least not before she has it all sorted out).
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run
No. Don't be a coward. Face this like a man. You might have to stop buying expensive food and clothing. Stop buying your new fancy cars and touch screen phones. I don't know your whole story but I'm sure you can make it work.
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run
No. Don't be a coward. Face this like a man. You might have to stop buying expensive food and clothing. Stop buying your new fancy cars and touch screen phones. I don't know your whole story but I'm sure you can make it work.
No running now...she's already mrs. hub. Needless to say, she is not a purpleladycat b/c then we'd both be :kstategrad: and she wouldn't be in this situation, but we didn't meet until we were both out of college.
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You have got to pay what they want or it's just going to get worse. Get 2nd jobs. Sell what you have to sell...etc... There really isn't a magic poo poo pill that will un-f*ck her/you. Sounds like if collections is calling this should have been addressed months ago.
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ignore calls. tell any friends/family that they call while trying to reach you to say that they don't have contact with you. when they say crap like "no longer willing to negotiate" ask them to elaborate. document any threats or privacy invasions. keep your assets separate where possible. get a lawyer.
<--- not a lawyer
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You have got to pay what they want or it's just going to get worse. Get 2nd jobs. Sell what you have to sell...etc... There really isn't a magic poo poo pill that will un-f*ck her/you. Sounds like if collections is calling this should have been addressed months ago.
Sometimes collections get involved where they really shouldn't. I gave my son money to give to the school for his lunches and he lost the check. The school never called me about it. They just told him and then the collections agency called me. Oh, I was spittin' mad.
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Barter with property
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Make sure you and her don't have any shared bank accounts.
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In your case you should not have any joint accounts with your wife. The collection agencies might get a judgment against her and then they could garnish her wages and bank accounts. If she is a signer on your account they can take your money too.
I have heard something about a plan that allows you to have your loan forgiven after 10 years if you work in the public sector, so look into that.
I have heard something about a plan called income based repayment that sets your payments at whatever she can afford then forgives everything after 25 years. You should look into that also.
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Make sure you and her don't have any shared bank accounts.
This.
So you can't structure them in a way where you can at least make minimum payments and stay above water? You could always bank on the Obama law bailing you out of any unpaid student loan debt after 20 years.
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One more thing. If you want help from an actual expert call Clark Howard. Dave Ramsey specializes in helping stupid people.
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You have got to pay what they want or it's just going to get worse. Get 2nd jobs. Sell what you have to sell...etc... There really isn't a magic poo poo pill that will un-f*ck her/you. Sounds like if collections is calling this should have been addressed months ago.
yeah before her and I met she was somewhere between "irresponsible" and "reckless" when it came to her spending habits. Since I've met her she has seen the error of her ways and to her credit she is trying really hard to dig herself out of this hole. But it's a huge hole. I'm afraid the harsh reality is she (we) can't "pay them what they want" so i'm trying to figure out what happens next. They can call her all they want but it's not like it's a matter of convincing her to give them the money...she just straight up doesn't have the money to give.
I'm just wondering what it is they are likely to do about it. Should she expect things to get litigious or are they just relentlessly harassing her in the hopes she will somehow pay them what they want? Do regular people racked with student loan debt get taken to court over this on a regular basis?
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Make sure you and her don't have any shared bank accounts.
This.
So you can't structure them in a way where you can at least make minimum payments and stay above water? You could always bank on the Obama law bailing you out of any unpaid student loan debt after 20 years.
Honestly I find her debt situation to be borderline incomprehensible. Like, I can't figure out what she did in her early 20s that has caused her to owe so much to so many as she does right now. Basically her situation right now is that she spends about 60% of her take home pay on staying above water on all of her debt payments. The rest goes into our joint account which we use only to pay monthly bills, for groceries, and the mortgage. I'm not terribly concerned about our JA getting targeted because the only time that account has a more than a few hundred dollars in it is right before the mortgage payment comes out, but i'd guess the average daily balance for that account probably isn't much more than maybe 500 or 600 dollars. And if it does get garnished, I will have HR stop DDing a portion of my paycheck into that account and just have it all put in my account which her name is not on so I'd hope that means they can't touch it.
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You are correct. They can not touch an account she is not on.
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well i appreciate the info hw61. I've passed these tidbits along to her and so far her responses have been:
*Income based repayment does not apply to private loans
*Even the debt collector on the phone acknowledged they can't come after my money because the debt was incurred before we were married
I'm just really afraid of what the collection agency does once their demands aren't met. It sounds like we are going to want to lawyer up...
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The worst thing the debt collectors can possibly do is sue her. I wouldn't really worry about that too much because even if they do sue her it sounds like there is no money they can take from her if they get a judgment. I don't see any advantage to you paying a lawyer.
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how much we talking about here total? i mean if its like 50K the two of you should be able to kick its ass over the next 3 years no problem.
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Get a bunch of new credit cards and use the miles to escape to a foreign country
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take the biggest loans possible out of your 401k's and just plan on dying before you retire.
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Get her name off the house and cars.
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Fortunately for me, her name isn't on any of my or our stuff. House is in my name, truck is in my name, her car is in her name but since she's only been paying for it a couple years my guess is it's not really hers for the collection agency to take
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I tried to run from it to out of college cause I was only making 24k a year and they wanted (still do) $700 a month in payments. I had private loans too. They're is no running. They will find a way to garnish her paychecks after awhile. I got 2nd jobs and lived at home for awhile. Finding a 3rd income is important in this case. You can do it!
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Third income related, drugs would be ideal. Cash biz. Keep it small.
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Fortunately for me, her name isn't on any of my or our stuff. House is in my name, truck is in my name, her car is in her name but since she's only been paying for it a couple years my guess is it's not really hers for the collection agency to take
Do you guys keep your money seperate?
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Wonderful case study in poors
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Wonderful case study in poors
You're an ass.
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If you don't resolve this, they can't go after your assets, but you pretty much resign yourself to a life of fielding debt collector calls and being the sole bread winner - and you might be fine with that, you just need to understand it. Her credit will be worthless and even if she works, most of that income will be garnished. So again, if you guys are ok with that, then let them sue you and take their judgments. You might even negotiate the judgment down a bit if you consent to it (saves legal fees).
If you'd like to work your way out, you need to visit with a qualified debt counselor immediately. The lenders almost never write off principal, but you can sometimes waive interest if you get back on a payment plan. Unfortunately, if you're already so far behind that the debt had been sold to a debt collection agency, they're even worse to deal with.
Asking for advice here... JFC. You haven't even provided any info. How many lenders, who are they, and what's she owe on each, for starters.
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Fortunately for me, her name isn't on any of my or our stuff. House is in my name, truck is in my name, her car is in her name but since she's only been paying for it a couple years my guess is it's not really hers for the collection agency to take
Do you guys keep your money seperate?
Fortunately for me, yes. We both contribute a portion of our paycheck to a joint account which we use for bills and groceries but as earlier mentioned if they try to garnish that account I will stop putting money in it.
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Wonderful case study in poors
Please kill yourself.
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If you don't resolve this, they can't go after your assets, but you pretty much resign yourself to a life of fielding debt collector calls and being the sole bread winner - and you might be fine with that, you just need to understand it. Her credit will be worthless and even if she works, most of that income will be garnished. So again, if you guys are ok with that, then let them sue you and take their judgments. You might even negotiate the judgment down a bit if you consent to it (saves legal fees).
If you'd like to work your way out, you need to visit with a qualified debt counselor immediately. The lenders almost never write off principal, but you can sometimes waive interest if you get back on a payment plan. Unfortunately, if you're already so far behind that the debt had been sold to a debt collection agency, they're even worse to deal with.
Asking for advice here... JFC. You haven't even provided any info. How many lenders, who are they, and what's she owe on each, for starters.
Yeah I mean like I said, this is completely foreign to me so I didn't even know where to begin. Truth be told I really don't know the full extent of her debt and I'm not sure I really want to know. But what I do know is that she tried to have all her debt consolidated, she thought she did but there was a misunderstanding bc only the federal loans were consolidated, not the private one. So, mistakenly thinking she was making correct payments, her private loan went unpaid for a few months and now they mad. My understanding is that her loan originated with AES, who sold it to another lender NCT, who sold it to another lender NCO, who in turn sold it to debt collector NES. I don't know how many federal loans had gotten consolidated, or what the total amount is, but my understanding is that they've been reasonable with negotiating a payment plan. The private loan now controlled by NES is in the ballpark of approx. $45k.
I'm hoping I understand correctly that, bc the debt was incurred before her and I even met let alone were married, that they have no legal recourse in coming after my wages or assets.
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What's her degree in? Qualified for some better paying job? Not a short term fix but the best tool for future use.
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If you don't resolve this, they can't go after your assets, but you pretty much resign yourself to a life of fielding debt collector calls and being the sole bread winner - and you might be fine with that, you just need to understand it. Her credit will be worthless and even if she works, most of that income will be garnished. So again, if you guys are ok with that, then let them sue you and take their judgments. You might even negotiate the judgment down a bit if you consent to it (saves legal fees).
If you'd like to work your way out, you need to visit with a qualified debt counselor immediately. The lenders almost never write off principal, but you can sometimes waive interest if you get back on a payment plan. Unfortunately, if you're already so far behind that the debt had been sold to a debt collection agency, they're even worse to deal with.
Asking for advice here... JFC. You haven't even provided any info. How many lenders, who are they, and what's she owe on each, for starters.
Yeah I mean like I said, this is completely foreign to me so I didn't even know where to begin. Truth be told I really don't know the full extent of her debt and I'm not sure I really want to know. But what I do know is that she tried to have all her debt consolidated, she thought she did but there was a misunderstanding bc only the federal loans were consolidated, not the private one. So, mistakenly thinking she was making correct payments, her private loan went unpaid for a few months and now they mad. My understanding is that her loan originated with AES, who sold it to another lender NCT, who sold it to another lender NCO, who in turn sold it to debt collector NES. I don't know how many federal loans had gotten consolidated, or what the total amount is, but my understanding is that they've been reasonable with negotiating a payment plan. The private loan now controlled by NES is in the ballpark of approx. $45k.
I'm hoping I understand correctly that, bc the debt was incurred before her and I even met let alone were married, that they have no legal recourse in coming after my wages or assets.
This relationship is destined to fail on these terms. Change the terms of your relationship or move on.
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Also, I don't care what the law says about her prob/your prob. She obvs isn't up to getting the detauls nailed down which is extremely important to do, so you need to get intimately involved in this. If you are married and have no plans of changing this, this is all your problem, not just hers.
Get so that you know how it happened, who sold/bought/consolidated what, where each loan landed, and who you owe what, when, and for how long. Not knowing details is never the right answer.
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Fair points. I guess before it hadn't really mattered bc at the end of the day she was able to cover her share, but obviously things have gotten out of hand and I should be involved. Also she majored in journalism. From what I can tell she is doing about all she can with that degree in the moment but I'm optimistic she has put herself in strong position for career advancement in the near future
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Def stop the my money/your money stuff. I mean, keep the accts if it protects you from creditors but quit counting it as yours vs hers. Her debt is yours. Your finances need to be thought of as a singular entity. Otherwise, KK is right about the likely failure of your relationship.
You should def be putting your money in against these payments. Should have been since saying "I do".
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Sign up for enough credit cards to pay off the student loan debt then file for bankruptcy. It would be a huge improvement in your financial situation.
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Fair points. I guess before it hadn't really mattered bc at the end of the day she was able to cover her share, but obviously things have gotten out of hand and I should be involved. Also she majored in journalism. From what I can tell she is doing about all she can with that degree in the moment but I'm optimistic she has put herself in strong position for career advancement in the near future
:facepalm:
action meet consequence
Taking out 250k in loans to get a degree in eastern european basket weaving would be a better story plot with the same outcome.
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Sign up for enough credit cards to pay off the student loan debt then file for bankruptcy. It would be a huge improvement in your financial situation.
Something tells me their credit score isn't going to be high enough for that to be a viable alternative.
You could refinance your home if you have a substantial portion of the principal paid. That would basically transfer your debt to your mortgage which should hopefully be under 5%.
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Def stop the my money/your money stuff. I mean, keep the accts if it protects you from creditors but quit counting it as yours vs hers. Her debt is yours. Your finances need to be thought of as a singular entity. Otherwise, KK is right about the likely failure of your relationship.
You should def be putting your money in against these payments. Should have been since saying "I do".
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Completely wrong. Unless you signed an agreement withthe lender agreeing to be oligated to the debt, either before or after you are married, you are NOT legally rexponsible for a spouses debt. The only caveat I have ever run across for this is medical bills. If gou live in Kansas, even tbough house is in your name, if purchased after marriage, she is legally 50% owner and they can attach a judgement to it. Once tney attach a judgement, they can foreclose. If you bought it before married, unless she signed a waiver to prior acquired property, she still owns 50%. I'm not sure if they can attach judgement in this case.
Debt collector is pushing to get her to pay as much as possible as quickly as possible because that is how they make money. For every dollar she pays, they probably get 30-40% and current lender (probably in a pool owned by investors) gets the rest. This is an unsecured loan so current debt owner is really in a weak position. She could file bankruptcy and essentially wipe them out. If she owes a lot compared to her own income, that may be the way she needs to go if a credit counselor can't get a payment plan worked out for her. Worst thing is to ignore this and hope they just stop calling.
Disclaimer: I am not an attorney but have expeience with lending. You probably should at least have an initial consultant with an attorney to make sure you are both protected and make the right decision on what to. A few $$ to an attorney is better than a $45k mistake.
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This thread is giving me an ulcer.
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I have heard something about a plan that allows you to have your loan forgiven after 10 years if you work in the public sector, so look into that.
http://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/public-service
100% worth investigating. Might even be worth getting a job that qualifies for this if she doesn't have one already.
*edit* skimmed over the part about private lenders. Might be boned on this one.
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KK and Hemmy are doing a great job ITT. No surprise, Worst Poster eastcat is still horrible. Just the worst.
Summary of stud advice in this thread:
1) You and your wife need to be open and honest with each other about all aspects of your finances. Savings accounts, retirement, student loans, car/truck payments, mortgage, etc. Get it all out there. If all of her money is going to student loans, that probably also means she's not adequately preparing for retirement, which will be another huge issue 10-20 years from now. If you're committed enough to this person to marry them, having a tough convo about finances shouldn't be that big of a deal.
2) Talk to a credit counselor (or whatever they're called) and probably a lawyer, too.
Other incorrect or dumb or non-true things that have been posted that need to be addressed:
-Student loan debt is one of the few things that can persist after a person files for bankruptcy.
-There is no "Obama Law Bailout" that says unpaid student loan debt is forgiven after 20 years. That is ridiculous, take it to The Pit (or Breitbart).
-Like your wife said, Income Based Repayment does not apply to private loans. It is also not available if you earn above a certain amount.
-I'm pretty sure that the "forgive your remaining loan balance after 10 years" does not apply to private loans, either. Can't confirm, though.
-Props to your wife for trying to dig herself out of this hole, and props to you for attempting to assist in this process.
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And props to eastcat for doing nothing to dig himself out of his well-established Worst Poster hole. Nicely done, friend. At this point I'm actually just impressed more than anything else. :thumbs:
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Brian, I wasn't speaking to the legal ramifications or responsibilities, but to the best financial practices of a couple.
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Like others have mentioned, you probably should have known some of this stuff before getting married. You need to sit down with her, get everything out there, and make a budget and a plan to dig out of this. Do you have children? If not, both of you should probably get night jobs or weekend jobs. What do you do for a living? What bills do you pay each month and for how much? I want to help you.
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Hub,
Are guys completely capable of living off of one income?
If you are budget everything off of one and then get at the debt with all the other.
She might try to find a second job also.
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-Student loan debt is one of the few things that can persist after a person files for bankruptcy.
Govt stjdent loans yes. Private? Maybe, maybe not.
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the best financial practices of a couple.
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That is truly honorable and should be #1 goal, but if the spouse's obligations and bad decisions put your financial future at peril, it may be advisable to look at legal ramifications and responsibiljties.
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stjdent
responsibiljties.
Celebrate responsjbly, Brian. Drive sober or get pjlled over. :frown:
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45k isnt enough to file bankruptcy over, but if the rest of that package (over 100k?) is, if you are married but live in separate homes, she could file bankruptcy without bringing any of your finances under scrutiny. I don't know how much footwork work they do, but renting a nearby apartment out for a year and "living" there might be an option to make that route work.
I don't know how much trouble having a bankrupt spouse would be going forward, or how that would compare to your current sitch. The bottom line is, the easiest way out is just to pay down the debt. Thats the only way to wrap it up without alot of kicking and screaming. Beyond that its a question of how much kicking and screaming costs to you.
Another option is, if the interest rate is whats killing her in the arrangement, tieing the debt to someone with better credit could convince a creditor to take on the debt at a much better rate. This is why college kids can cosign with their parents on debt with no immediate path towards repayment without incurring a really poor rate. Alot, of people would advise you not to muddy yourself in the arrangement, and from a position of pure self-interest you should not, but you are a married couple now. You'll have to deal with this as long as you're together, money she doesn't have is money you don't have, etc. If shes worth it, you do have some leverage to improve the financial situation. Now, i don't know your relationship, this is alot to ask of someone. But to draw a parallel, if she had a kid from a previous marriage, no one would advise you to "let her deal with that one" without you. Like it or not, it is your problem now, too. I'm just tossing out another option.
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Also she majored in journalism. From what I can tell she is doing about all she can with that degree in the moment
what is her current job? is she a journalist? if she is, it's time to start looking for a new job immediately.
i was a journalism major. if not for my parents paying for my $80k out-of-state tuition, it would have been the single-biggest mistake of my life. the second-biggest mistake of my life would have been taking a journalism job. lucky for me, i was fortunate enough to land a good job in an entirely different field. seriously, unless it's an advertising gig, there is a very low ceiling for journalists across almost every platform.
you need to put together a plan and have some fun with it. a few people have suggested getting second jobs. i'd suggest getting a third one, too. you should both be doing everything you possibly can to eliminate this debt. if you feel overworked (especially her), well, too bad. the faster you accumulate the money, the quicker you will overcome your debt.
you would be amazed at the ways you can earn extra income with minimal investment of time, and without leaving the house. a friend of mine (a journalism major) was recently trying to find a second job for extra income. he stumbled upon a resume-writing job, one that allows him to take on as much work as he wants. he could write hundreds if he so desired.
from an email he sent me:
The best part of the position is that you can obtain as little or as much work as you want. I can request to do 1 resume a day or I can request 10 and in some cases even up to 20 per day. The pay is $20 per resume and $5 per cover letter. Most clients request both so more often than not it's a $25 project. Most resumes would take anywhere from 45-75 minutes to complete depending on the client involved and how specialized the industry they were looking to work in happened to be. The company has around 200 freelance writers who come and go all the time. They have a wonderful support base as well for the writers and for the clients who will constantly give feedback on your work in case there are areas you need to improve.
You have 3 days to get a 1st draft to a client and then after that the client has 7 days to request a revision. And you get sent new projects every 3 days, so it's a constant flow of 1st drafts and revisions. Their operating management system is really well laid out, it's so easy to follow and manage and they have done everything they can to allow writers to focus on resume writing and not replying back and forth with e-mails to the client. Most of the e-mails are auto generated.
if your wife wrote 20 resumes per week (an extra 20 hours), she could earn an additional $500 per week. that's $2,000/month and $24,000 per year. if i had her kind of debt and was desperate for money, i'd be writing twice as many, and would want to earn enough to pay the entirety of the debt back in a single year.
you can't change the cards that are dealt, only the way you play the hand.
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stjdent
responsibiljties.
Celebrate responsjbly, Brian. Drive sober or get pjlled over. :frown:
So sorry Mr. perfect that I've got big fingers and don't always go back and proof read what I've typed on a message board.
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Good grief.
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stjdent
responsibiljties.
Celebrate responsjbly, Brian. Drive sober or get pjlled over. :frown:
So sorry Mr. perfect that I've got big fingers and don't always go back and proof read what I've typed on a message board.
I'm just having fun with my IRL friend ksubrian. Buds. :cheers:
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And props to eastcat for doing nothing to dig himself out of his well-established Worst Poster hole. Nicely done, friend. At this point I'm actually just impressed more than anything else. :thumbs:
Get off my D, Benny.
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Lawyerup. Accountantup. Financial advisor wouldn't hurt.
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I just heard a commercial from the other room and some guy got out of paying all his student loans by calling a 1-800 number.
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I just heard a commercial from the other room and some guy got out of paying all his student loans by calling a 1-800 number.
Aren't commercials great? They solve all our problems.
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This scenario is why you should be required to share your credit reports before getting married. So you know what you are getting in to.
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This scenario is why you should be required to share your credit reports before getting married. So you know what you are getting in to.
Or just, I don't know, get to know the person before you marry them.
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Most resumes would take anywhere from 45-75 minutes to complete
I bet I could do 3-5 per hour. I mean, wouldn't you just have a template that you fill out with the information provided? The cover letter would take more time. Why does it cost so much less than the resume?
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I bet I could do 3-5 per hour. I mean, wouldn't you just have a template that you fill out with the information provided? The cover letter would take more time. Why does it cost so much less than the resume?
good question. i know my resume took me about four days to complete nine years ago, when i made one for the first time. :D
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50k isn't bad in the scheme of things. You guys could do it but it would take sacrifices.
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-Student loan debt is one of the few things that can persist after a person files for bankruptcy.
Govt stjdent loans yes. Private? Maybe, maybe not.
Samething for private. It's like that for any student loan.
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Hub, I'm really interested to know what sacrifices you and your wife are willing to make. Are you willing to get a small, crappy apartment in a bad neighborhood? Are you willing to share one vehicle? Each get a second job?
If I were you, I would ask my wife these questions ASAP and then proceed with the relationship based on the answer. Good luck to you. If you guys make it through this you will have a very solid relationship.
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50k isn't bad in the scheme of things. You guys could do it but it would take sacrifices.
It depends on what the interest rate is, what their income is, and what their mortgage payment already is, really.
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i think you need to come up with the 5k to shed the collector and then you will be current and can consolodate again and make the minimum payment for the rest of your life
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And props to eastcat for doing nothing to dig himself out of his well-established Worst Poster hole. Nicely done, friend. At this point I'm actually just impressed more than anything else. :thumbs:
Get off my D, Benny.
Big surprise, known bigot eastcat makes a homophobic remark. :users:
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IMO, she shouldn't be driving a vehicle with a payment on it. Sell the one she has, buy something much crappier. An old Honda or Toyota might suit your needs just fine.
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IMO, she shouldn't be driving a vehicle with a payment on it. Sell the one she has, buy something much crappier. An old Honda or Toyota might suit your needs just fine.
wanna bet she isn't willing to do that?
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Hub has went silent. Drafting divorce papers?
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Hub has went silent. Drafting divorce papers?
She killed him for life insurance money.
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IMO, she shouldn't be driving a vehicle with a payment on it. Sell the one she has, buy something much crappier. An old Honda or Toyota might suit your needs just fine.
wanna bet she isn't willing to do that?
She probably isn't. How can she be convinced? (Assuming you think she should do as I say.)
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IMO, she shouldn't be driving a vehicle with a payment on it. Sell the one she has, buy something much crappier. An old Honda or Toyota might suit your needs just fine.
wanna bet she isn't willing to do that?
She probably isn't. How can she be convinced? (Assuming you think she should do as I say.)
Tell her to put on her big girl pants.
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http://twocents.lifehacker.com/how-to-budget-when-you-re-broke-1561620381/+whitsongordon (http://twocents.lifehacker.com/how-to-budget-when-you-re-broke-1561620381/+whitsongordon)
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Hubs life depresses the crap out of me. I can't wrap my mind around getting married and not knowing the extent of this beforehand and then being willfully ignorant of it until it reached this level. There is zero chance this isn't ultimately a divorce. The best part is that it will be after Hubs has helped her pay all this crap off and then he will be resentful as eff. It's your fault Hubs, not hers.
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he's probably going to get stuck with half of the debt in the divorce even if he doesn't get a second job to pay for it.
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Hubs life depresses the crap out of me. I can't wrap my mind around getting married and not knowing the extent of this beforehand and then being willfully ignorant of it until it reached this level. There is zero chance this isn't ultimately a divorce. The best part is that it will be after Hubs has helped her pay all this crap off and then he will be resentful as eff. It's your fault Hubs, not hers.
She'll probably divorce him the day he sends in the last loan payment.
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Jesus rough ridin' Christ you people are cynical.
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Quit being buttholes guys.
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Quit being buttholes guys.
Yeah. You should only be buttholes on here when you are just joshing with your IRL friends.
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Quit being buttholes guys.
Yeah. You should only be buttholes on here when you are just joshing with your IRL friends.
solid advice from the guy who gets yelled at by everyone except dlew.
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Dave Ramsey
She could try telling the collector that she is "a journalism graduate making $25,000 a year and it doesn't look like it is going to get any better, but if she could get some extra money from a friend, she would be willing to pay $xxxx in two weeks for a letter in writing stating that the debt would be forgiven." Don't send the money until you have the letter in writing...no matter what. Then, if they agree, you need to beg borrow and steal to come up with the money by that time. Could settle for less than $10k on a debt like this. Credit would be screwed, but it already is.
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bubs :frown:
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Hubs life depresses the crap out of me. I can't wrap my mind around getting married and not knowing the extent of this beforehand and then being willfully ignorant of it until it reached this level. There is zero chance this isn't ultimately a divorce. The best part is that it will be after Hubs has helped her pay all this crap off and then he will be resentful as eff. It's your fault Hubs, not hers.
She'll probably divorce him the day he sends in the last loan payment.
Sounds like she's a bit of a fuckup. Very unlikely that this is the only way that she is. So that means Hubs is also a fuckup or she's somewhat of a reach for him and this is the tradeoff. Either way it isn't destined to end well. She isn't gold digging. They'll split irrespective of how this ends up, but it'll be just another reason for it to be acrimonious and spiteful. Just an awful way to start a marriage. I mean what kind of a relationship do you have that this is unknown between the two? Yikes. Also who the hell signs up for it? It's so rough ridin' dipshitty it almost makes me angry and I don't even know them.
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bubs :frown:
i didn't mean it. i like your posting, but i also like when people take advantage of your posting insecurity and say super mean things. i also like to make dlew's kindness seem like a negative. make sense?
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Oh man SB totally got a dose of his own medicine. :frown: But learned a thing or two in the process! :excited:
P.S. Hubs, wish you the best.
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Do you have to share your "number" before marriage? :blindfold:
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If you were single and this was your case, I'd say to marry into a family that's rich. :crossfingers:
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I want to give Hub the benefit of the doubt when he says "she's seen the error of her ways." I'm pretty skeptical, like Bread, so it's definitely time for her to answer some tough questions about what she is actually willing to do to fix what she's done.
It's also time for Hub to ask the tough questions that he should have asked before asking THE question.
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Hub has went silent. Drafting divorce papers?
Hey guys - hadn't gone silent on purpose, just was sitting in a meeting this morning where I had to be attentive and couldn't be dicking around on my phone. I started writing out a big response to a lot of stuff but it was getting way too long so i'm trying to pare it down. I really do appreciate that this topic has generated so much discussion and a lot of people have given some very valuable insight. Thanks for being stud/bosses -- this is definitely uncharted territory for me.
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Man, people are being mean in here. I do agree with the need to know their full financial situation before settling down though. Scary stuff.
Can't stop love I guess.
Good luck hubs
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Hubs life depresses the crap out of me. I can't wrap my mind around getting married and not knowing the extent of this beforehand and then being willfully ignorant of it until it reached this level. There is zero chance this isn't ultimately a divorce. The best part is that it will be after Hubs has helped her pay all this crap off and then he will be resentful as eff. It's your fault Hubs, not hers.
She'll probably divorce him the day he sends in the last loan payment.
Sounds like she's a bit of a fuckup. Very unlikely that this is the only way that she is. So that means Hubs is also a fuckup or she's somewhat of a reach for him and this is the tradeoff. Either way it isn't destined to end well. She isn't gold digging. They'll split irrespective of how this ends up, but it'll be just another reason for it to be acrimonious and spiteful. Just an awful way to start a marriage. I mean what kind of a relationship do you have that this is unknown between the two? Yikes. Also who the hell signs up for it? It's so rough ridin' dipshitty it almost makes me angry and I don't even know them.
:lol: Bread the least you could have done was bring a body bag!
So I'd like to field this one first: So yes, I can admit that when it comes to making the "fiscally responsible" vs "emotional dumbass" that I clearly went the way of dumbass. Did I know the whole time that she was in dire financial straights? Of course I did. What I didn't know was to just what extent. And perhaps I'm bargaining with myself on this one, but maybe it's the admiration I have for her that I've seen her working really hard to aggressively reduce her debt, or maybe its how she's completely amazing in virtually every other aspect of being a human person, but I think I still would have married her either way. Only thing that might have done differently is we might have waited a little longer to have the wedding since we had to divert a lot of money to paying for the wedding that, obviously, would have been better spent getting her debt under control.
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Man, people are being mean in here. I do agree with the need to know their full financial situation before settling down though. Scary stuff.
Can't stop love I guess.
Good luck hubs
A lot of those ppl who do that, are miserable fucks in their own lives and like to sit back and poke fun at others who are willing to share intimate things about their own lives on here. I admire those who have the balls to share their stories. It beats telling ppl you're some badass, when you probably really aren't.
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:lol:
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:lol:
Example A
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:lol:
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:lol:
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:lol:
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good luck hub
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Selling the house and spending a few years in a small apartment may be your best option.
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good luck hub
Sounds like I'm going to need it!
Okay so next topic i'd like to respond to: housing. Not sure if there are a lot of viable options here. I bought the house about 2 years ago, traditional 5% down 30 year note (will have it paid sooner than that since the last couple of years i've used my tax refund to make an extra payment towards principle). Anyway, even though the market has improved a little since we moved in, i doubt very much the difference would even cover the closing costs. I think the ultimate result is that i'd end up taking a big loss on the house, would absolutely doom myself to apartment/rental living for at least the next 10 years, and after working in all the factors (longer commute to work, having to move into a really shitty part of town to have a significant reduction in monthly payment going towards housing, loss of tax break on property tax) we might end up netting MAYBE $150/month and that doesn't seem like much of a return on such a reduced quality of life?
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Wackycat's rich gf might loan you some cash
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Selling the house and spending a few years in a small apartment may be your best option.
This. But you need to do several things. Don't think one step changes this.
Its:
1: Have a second/third job by end of day today.
2: Ebay crap you don't need
3: House on market. Get a cheap one bedroom apartment.
4: One of your cars is sold in a week. Buy a cheap one to replace it, pay cash.
5: Get the collection agency to forgive that debt for a lump some payment.
6: DO NOT get someone to co-sign a loan for you or her. That relationship would be ruined, becasue that only solves the problem short term. You won't be able to pay them back and then they will be the ones getting the calls and that is not going to be a good thing for the relationship you have with them.
0: Set down with your wife and get it all out in the open. 100% of it. Know where the debt came from and when the last payment was made.
That is all a little Dave Ramseyee, but dicking around with this for longer than 5 years would be stupid. You have already went past the point of "some debt is okay". I would safely bet that none of this debt is good debt. All high interest.
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Hubs life depresses the crap out of me. I can't wrap my mind around getting married and not knowing the extent of this beforehand and then being willfully ignorant of it until it reached this level. There is zero chance this isn't ultimately a divorce. The best part is that it will be after Hubs has helped her pay all this crap off and then he will be resentful as eff. It's your fault Hubs, not hers.
She'll probably divorce him the day he sends in the last loan payment.
Sounds like she's a bit of a fuckup. Very unlikely that this is the only way that she is. So that means Hubs is also a fuckup or she's somewhat of a reach for him and this is the tradeoff. Either way it isn't destined to end well. She isn't gold digging. They'll split irrespective of how this ends up, but it'll be just another reason for it to be acrimonious and spiteful. Just an awful way to start a marriage. I mean what kind of a relationship do you have that this is unknown between the two? Yikes. Also who the hell signs up for it? It's so rough ridin' dipshitty it almost makes me angry and I don't even know them.
I was thinking more along the lines that she'll probably make a run for governor a few years after she divorces him, but nevermind that reference went over everyone's heads.
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Wackycat's rich gf might loan you some cash
I'd suggest you do it, but most Oklahomans are poors too.
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Wackycat's rich gf might loan you some cash
I'd suggest you do it, but most Oklahomans are poors too.
It beats telling ppl you're some badass, when you probably really aren't.
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Hub,
any kids?
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Wackycat's rich gf might loan you some cash
I'd suggest you do it, but most Oklahomans are poors too.
It beats telling ppl you're some badass, when you probably really aren't.
huh?
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Wackycat's rich gf might loan you some cash
I'd suggest you do it, but most Oklahomans are poors too.
No student loans here, friend. :ksu:
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I was thinking more along the lines that she'll probably make a run for governor a few years after she divorces him, but nevermind that reference went over everyone's heads.
I GOT IT! :lol:
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@ok: Then I'd suggest you stop calling other ppl poors who's parents didn't help them out with school. You probably can't bring any thoughtful insight to the table on the subject. No offense and stuff.
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Wackycat's rich gf might loan you some cash
I'd suggest you do it, but most Oklahomans are poors too.
Valid point. Helps put things in perspective. This is a pretty unsavory situation but compared to just one day in the life of OK Cat...I really am so blessed. Thanks for the perspective, Wacky!
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Hubs life depresses the crap out of me. I can't wrap my mind around getting married and not knowing the extent of this beforehand and then being willfully ignorant of it until it reached this level. There is zero chance this isn't ultimately a divorce. The best part is that it will be after Hubs has helped her pay all this crap off and then he will be resentful as eff. It's your fault Hubs, not hers.
She'll probably divorce him the day he sends in the last loan payment.
Sounds like she's a bit of a fuckup. Very unlikely that this is the only way that she is. So that means Hubs is also a fuckup or she's somewhat of a reach for him and this is the tradeoff. Either way it isn't destined to end well. She isn't gold digging. They'll split irrespective of how this ends up, but it'll be just another reason for it to be acrimonious and spiteful. Just an awful way to start a marriage. I mean what kind of a relationship do you have that this is unknown between the two? Yikes. Also who the hell signs up for it? It's so rough ridin' dipshitty it almost makes me angry and I don't even know them.
:lol: Bread the least you could have done was bring a body bag!
So I'd like to field this one first: So yes, I can admit that when it comes to making the "fiscally responsible" vs "emotional dumbass" that I clearly went the way of dumbass. Did I know the whole time that she was in dire financial straights? Of course I did. What I didn't know was to just what extent. And perhaps I'm bargaining with myself on this one, but maybe it's the admiration I have for her that I've seen her working really hard to aggressively reduce her debt, or maybe its how she's completely amazing in virtually every other aspect of being a human person, but I think I still would have married her either way. Only thing that might have done differently is we might have waited a little longer to have the wedding since we had to divert a lot of money to paying for the wedding that, obviously, would have been better spent getting her debt under control.
I honestly hope it works out Hubs. It might seem like I am anti-you or at best indifferent, but it would actually make me genuinely happy to learn that you guys had a great life.
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Hub,
any kids?
negative. And no plans/desire to have any in the forseeable future. Financially would be a terrible idea, so I guess we're lucky that neither of us are let down at the idea of remaining without child.
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good luck hub
Sounds like I'm going to need it!
Okay so next topic i'd like to respond to: housing. Not sure if there are a lot of viable options here. I bought the house about 2 years ago, traditional 5% down 30 year note (will have it paid sooner than that since the last couple of years i've used my tax refund to make an extra payment towards principle). Anyway, even though the market has improved a little since we moved in, i doubt very much the difference would even cover the closing costs. I think the ultimate result is that i'd end up taking a big loss on the house, would absolutely doom myself to apartment/rental living for at least the next 10 years, and after working in all the factors (longer commute to work, having to move into a really shitty part of town to have a significant reduction in monthly payment going towards housing, loss of tax break on property tax) we might end up netting MAYBE $150/month and that doesn't seem like much of a return on such a reduced quality of life?
Well, you just aren't going to earn the kind of money that you need to pay off this kind of debt in the short term, so selling assets is going to have to be a reality. $150 per month is hardly insignificant. Do you currently have cable? What is your monthly phone bill?
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Sell plasma. Get a few fake ID's so you can sell more than you're allowed to.
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Also, hub, I graduated from the journalism department as well. Once I got everything situated and got a better job outside my field, I started supplementing my income with things I liked to do. What did she specialize in at school that she could do on the side? J rake was right when it comes to this. I still pick up broadcasting gigs and help run a sport and social league here in KC. It's fun and usually makes up my monthly payments for student loans, so I can save the rest after bills. Something to think about.
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what's a social league?
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Hubs life depresses the crap out of me. I can't wrap my mind around getting married and not knowing the extent of this beforehand and then being willfully ignorant of it until it reached this level. There is zero chance this isn't ultimately a divorce. The best part is that it will be after Hubs has helped her pay all this crap off and then he will be resentful as eff. It's your fault Hubs, not hers.
She'll probably divorce him the day he sends in the last loan payment.
Sounds like she's a bit of a fuckup. Very unlikely that this is the only way that she is. So that means Hubs is also a fuckup or she's somewhat of a reach for him and this is the tradeoff. Either way it isn't destined to end well. She isn't gold digging. They'll split irrespective of how this ends up, but it'll be just another reason for it to be acrimonious and spiteful. Just an awful way to start a marriage. I mean what kind of a relationship do you have that this is unknown between the two? Yikes. Also who the hell signs up for it? It's so rough ridin' dipshitty it almost makes me angry and I don't even know them.
:lol: Bread the least you could have done was bring a body bag!
So I'd like to field this one first: So yes, I can admit that when it comes to making the "fiscally responsible" vs "emotional dumbass" that I clearly went the way of dumbass. Did I know the whole time that she was in dire financial straights? Of course I did. What I didn't know was to just what extent. And perhaps I'm bargaining with myself on this one, but maybe it's the admiration I have for her that I've seen her working really hard to aggressively reduce her debt, or maybe its how she's completely amazing in virtually every other aspect of being a human person, but I think I still would have married her either way. Only thing that might have done differently is we might have waited a little longer to have the wedding since we had to divert a lot of money to paying for the wedding that, obviously, would have been better spent getting her debt under control.
I honestly hope it works out Hubs. It might seem like I am anti-you or at best indifferent, but it would actually make me genuinely happy to learn that you guys had a great life.
thanks Bread! :cheers:
I know the picture i've painted to this point is pretty depressing but really it isn't that bad. I have a good job that pays pretty well with plenty of earning potential left, and I think part of what i am experiencing is panic because this is uncharted territory for me and I don't know what to expect. I think that in reality a lot of this is coming from a selfish place. Just because I WOULD do anything for my wife doesn't mean that I am seeking out an opportunity to prove it. I haven't had a chance to crunch the numbers yet but my suspicion is that I make enough money that if we both really tighten our belts and get rid of the things that have afforded us a very comfortable lifestyle that we could tackle this thing in the next 4-5 years.
Just kind of a sobering reality, ya know? Like, I've worked hard to this point, earned this nice lifestyle through hard work and careful spending, and ultimately it looks like i'm going to have to pay the price for mistakes that mrs hub made long before we'd even met. Is she worth making those sacrifices? Of course she is without a doubt. Doesn't mean that's my plan A tho.
Maybe I just need to sack up and be an adult. I suppose i'm just clinging to the hope that there is a less painful/ more manageable way to do this that won't require us to live like smelly poors.
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what's a social league?
Kickball, softball, beer pong, etc. Leagues where coworkers from local businesses, friends, family, etc. come out and play, drink, and socialize. It's fun. They also help with pub crawls, royals/chiefs tailgates and more. Why?
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Just make sure that she is as committed as you are, Hub. Don't let her completely rely on you to get out of this or you will resent her for it, and you may even find yourself in another out-of-control debt situation at some point down the road.
Seriously, though, if you are paying for cable, cancel it. If your phone bill is more than $100, cancel it. You can get pre-paid flip phones for $25 per month per phone. You need to get your debt to a somewhat sustainable level ASAP or you will never retire.
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Also, hub, I graduated from the journalism department as well. Once I got everything situated and got a better job outside my field, I started supplementing my income with things I liked to do. What did she specialize in at school that she could do on the side? J rake was right when it comes to this. I still pick up broadcasting gigs and help run a sport and social league here in KC. It's fun and usually makes up my monthly payments for student loans, so I can save the rest after bills. Something to think about.
she actually does pick up a lot of freelance gigs. I think her free lance work has actually accounted for around 10-20% of her yearly income. The crappy thing about the freelance stuff is that they don't take any taxes out up front. She knows this and is aware of it, but when your monthly income is X and your monthly expenses are X+1, I can see how it's difficult to separate the tax portion of that income. So, every year at tax time she ends up owing a few hondo because of the freelance stuff.
Sounds like she might really need to start looking for opportunities outside of the field of journalism. I have no idea what those jobs are or what skill sets translate. I know she loves her current job and she wouldn't be happy to leave it, but I'm sure if she found a job for which she was qualified that paid better, she would take it.
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what's a social league?
Kickball, softball, beer pong, etc. Leagues where coworkers from local businesses, friends, family, etc. come out and play, drink, and socialize. It's fun. They also help with pub crawls, royals/chiefs tailgates and more. Why?
He was making fun of you for just being you. Probably peer pressured into by ERII and OKcat and maybe rusty. What a stupid follower dick meow meow is. Just another gE robot out to melt unique snowflakes with their own original thoughts and feelings.
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there are a number of ways to tackle this without living like smelly poors already suggusted in this here blog thread.
the easiest one would be for you both to get extra jobs, or at least her. You don't have any kids, so what are you guys doing every night after work? Going out to eat? Sitting on your ass watching tv? Replace these things with work and you'll make money while you're also saving money you would have spent sitting at home. I had a neighbor that got a 2nd job at nights working down at the grocery store stocking shelves, so his wife could stay at home with their 1st child a little longer before she went back to work. Always admired him for that. He did this for probably 9 months to a year, probably didn't make a ton of money, but must have made enough to accomplish his goal. You need to set some goals with deadlines in my opinion.
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what's a social league?
Kickball, softball, beer pong, etc. Leagues where coworkers from local businesses, friends, family, etc. come out and play, drink, and socialize. It's fun. They also help with pub crawls, royals/chiefs tailgates and more. Why?
never heard the term before
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what's a social league?
Kickball, softball, beer pong, etc. Leagues where coworkers from local businesses, friends, family, etc. come out and play, drink, and socialize. It's fun. They also help with pub crawls, royals/chiefs tailgates and more. Why?
He was making fun of you for just being you. Probably peer pressured into by ERII and OKcat and maybe rusty. What a stupid follower dick meow meow is. Just another gE robot out to melt unique snowflakes with their own original thoughts and feelings.
that was pretty mean
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what's a social league?
Kickball, softball, beer pong, etc. Leagues where coworkers from local businesses, friends, family, etc. come out and play, drink, and socialize. It's fun. They also help with pub crawls, royals/chiefs tailgates and more. Why?
He was making fun of you for just being you. Probably peer pressured into by ERII and OKcat and maybe rusty. What a stupid follower dick meow meow is. Just another gE robot out to melt unique snowflakes with their own original thoughts and feelings.
that was pretty mean
i saw it for what it was as well. check pm for a bid to join my frat.
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what's a social league?
Kickball, softball, beer pong, etc. Leagues where coworkers from local businesses, friends, family, etc. come out and play, drink, and socialize. It's fun. They also help with pub crawls, royals/chiefs tailgates and more. Why?
He was making fun of you for just being you. Probably peer pressured into by ERII and OKcat and maybe rusty. What a stupid follower dick meow meow is. Just another gE robot out to melt unique snowflakes with their own original thoughts and feelings.
that was pretty mean
Maybe stop picking on fanning like everybody else and let him live his life. Also stop trolling Hubs by telling him to work at a grocery store stocking shelves. JFC if that's your answer then you don't have one.
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Bread you wanna share your story again about how much of a colossal eff up you were in your 20's? Maybe hub could learn from your losery ways.
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Bubbles, you look like carrot tops nut suck. Boom roasted.
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Bread you wanna share your story again about how much of a colossal eff up you were in your 20's? Maybe hub could learn from your losery ways.
Stop following me around fanning. Not everyone had their life handed to them on a silver platter. It takes real courage for me to share my stories.
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there are a number of ways to tackle this without living like smelly poors already suggusted in this here blog thread.
the easiest one would be for you both to get extra jobs, or at least her. You don't have any kids, so what are you guys doing every night after work? Going out to eat? Sitting on your ass watching tv? Replace these things with work and you'll make money while you're also saving money you would have spent sitting at home. I had a neighbor that got a 2nd job at nights working down at the grocery store stocking shelves, so his wife could stay at home with their 1st child a little longer before she went back to work. Always admired him for that. He did this for probably 9 months to a year, probably didn't make a ton of money, but must have made enough to accomplish his goal. You need to set some goals with deadlines in my opinion.
Well like I said before she does pick up a lot of freelance gigs. I'd say that she spends the vast majority of her time working. Often times her job will necessitate a time commitment from her 7 days a week bc they publish content 7 days a week. When she's not doing that she's working on her freelance side projects. It's probably fair to say that if she took a low paying job like stocking shelves in the evening she would probably bring in a little more income than her freelance work but I could see it really jeopardizing her current full time position since she really needs to be "on call" most of the time.
As for me - I might just be a pussy that needs to sack up and get a second job. My current job, while rewarding, is also very exhausting at times. Occasionally it requires a late night but most times I can call it a day at or around 6:00. When I get home I'm usually pretty beat. I just watched a documentary about a woman in Tennessee who is a single mother raising 3 kids and making like 9 dollars an hour. It was terrifying. I don't know if I have the chops to work much more than I do now, but admittedly I've never been in a position where it was necessary to do so.
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Hubs, if you guys can tighten both your belts and do this without changing much other than simplifying life, that is the easiest way to do it. Also, stop thinking of this situation as two belts to tighten. You guys need to be a one belt team. All in or all out. Playing middle ground on this won't work.
Write a budget tonight. Start redlining current expenditures. If it looks too dire, then one or both needs to get side work at least short term until she finds a new career with more money involved. She can always go back to what she loves once stuff is under control, but leaving a loved job to a higher paying job is probably the easiest and most effective "sacrifice" you guys will make in this process.
The absolute most important thing here, for short term and long term, is to stop looking at this as two ppl and start looking at it as one budget.
Edit: after reading more, she def needs to find another gig if she isn't paid well and expected to work 7 days a week. eff that(on multiple levels).
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the good news is you already have a house, so you don't need to worry about trashed credit
do you have several thousand transformers maybe you could offload to raise some capital?
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Pretty amazing how little you have to work for an extra 3-5k per year.
I used to do Parks and Rec instructional programs for 15 bucks an hour on the weekends. Few hours a weekend year round. All of that can go towards bills.
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Bubbles, you look like carrot tops nut suck. Boom roasted.
geeze fanning. all i did was laugh at the irony of you giving life advice.
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bubbles looks like a famous movie star, but it's not carrot top.
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Bubbles, you look like carrot tops nut suck. Boom roasted.
geeze fanning. all i did was laugh at the irony of you giving life advice.
This combo fanning season has been a blood bath so far this year. Just trying to keep my head above water. My bad. :cheers:
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Hub,
I honestly don't mean to pile on, but why do you own a house if you can't come up with 5k in 3 weeks? What will you do when the a/c goes out.
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Hub,
I honestly don't mean to pile on, but why do you own a house if you can't come up with 5k in 3 weeks? What will you do when the a/c goes out.
Open the windows? :dunno:
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Watch a Youtube video and just fix it? :dunno:
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stay in a hotel until fall :dunno:
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Wackycat's rich gf might loan you some cash
I'd suggest you do it, but most Oklahomans are poors too.
No student loans here, friend. :ksu:
If you don't have any loans because your parents paid for it hen you really got knocked down a ring with me because of this thread.
If you tell me you were all schollie then I say you're lying.
Clean it up Okcat. I like you man.
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Wackycat's rich gf might loan you some cash
I'd suggest you do it, but most Oklahomans are poors too.
No student loans here, friend. :ksu:
If you don't have any loans because your parents paid for it hen you really got knocked down a ring with me because of this thread.
If you tell me you were all schollie then I say you're lying.
Clean it up Okcat. I like you man.
schollies/working my ass off. but this isn't about me, carry on with the poor fella.
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i'm pretty sure okcat just went to one of those summer photography night classes to get a certificate or something. you don't really need a degree to take wedding pictures
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what's a social league?
Kickball, softball, beer pong, etc. Leagues where coworkers from local businesses, friends, family, etc. come out and play, drink, and socialize. It's fun. They also help with pub crawls, royals/chiefs tailgates and more. Why?
He was making fun of you for just being you. Probably peer pressured into by ERII and OKcat and maybe rusty. What a stupid follower dick meow meow is. Just another gE robot out to melt unique snowflakes with their own original thoughts and feelings.
that was pretty mean
Maybe stop picking on fanning like everybody else and let him live his life. Also stop trolling Hubs by telling him to work at a grocery store stocking shelves. JFC if that's your answer then you don't have one.
You're awful. And mean.
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Well like I said before she does pick up a lot of freelance gigs. I'd say that she spends the vast majority of her time working. Often times her job will necessitate a time commitment from her 7 days a week bc they publish content 7 days a week. When she's not doing that she's working on her freelance side projects. It's probably fair to say that if she took a low paying job like stocking shelves in the evening she would probably bring in a little more income than her freelance work but I could see it really jeopardizing her current full time position since she really needs to be "on call" most of the time.
is she a print journalist at a newspaper? if she's good, i'm sure her skills will translate to other fields. to my surprise, i was basically offered a marketing job at an established sportsbook here in vegas not too long ago...on the basis that i am (was) good at twitter. i don't have any marketing background, i'm totally awkward when it comes to selling stuff, and i'm generally not much of a promoter (the website i used to operate was famously non-profity). and yet, someone thought i'd be great for that job and considered me a potential target.
it is true that a journalism degree is (mostly) worthless. but the skills you acquire (that sadly could have been acquired by merely taking a couple of classes) are extremely useful to many fields outside of journalism, and if your soon-to-be wife took a day or two to figure out what those things might be, i'm sure she could elbow her way into a better situation (my definition for "better" in this case is $ based).
if your wife is a decent journalist, then she is likely intuitive, eager to learn, hard working, and good around people. this would qualify her for any number of sales jobs, including those that are commission-based, in addition to customer service jobs with more room for advancement than anything she could be offered in the journalism world.
securing a better-paying FT job and supplementing it with freelance writing work (less strenuous, she chooses her projects) could give her the best of both worlds: she could earn more $ (helps pay debt!) while also allowing her to still be a journalist, which is presumably what she wants to be.
i'm sure i could help identify freelance gigs if it was ever of interest.
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Watch a Youtube video and just fix it? :dunno:
This can almost universally be applied to any problem short of surgery if you are not a stupid person.
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Hub,
I honestly don't mean to pile on, but why do you own a house if you can't come up with 5k in 3 weeks? What will you do when the a/c goes out.
DC it's BECAUSE the AC could go out that I don't have 5k to spend in the next 3 weeks. I guess I should have prefaced that earlier statement by saying "I can't come up with 5k in 3 weeks without completely abandoning my safety net". I COULD have 5k in 3 weeks without having to liquidate any assets or take out a loan, but that would leave us with pretty much $0 and if there is one thing I've learned its that something manages to come up pretty much every week. Its not always major big ticket items, but it's always some 1-off thing that requires immediate attention and man am i glad I have a little safety net for just such emergencies.
Which kind of takes me back to the whole unfamiliar territory thing. Having never had dealt with debt collection agencies, I'm not sure on a scale of 1-10 the urgency or immediacy of adhering to their demands. If its a 10 and crap is going to seriously hit the fan if their demands are not met, then yes i'd say this is exactly the type of situation having that safety net was intended, pay the 5k, and hope nothing bad happens in the time it takes to build that safety net back up. But what if its more like a 2? What if they know that their threats are mostly empty, because even if they get a judgement against you there is no way they are going to get that money from you in the desired amount or desired interval of time they want. What if they know that even if you don't pay, nothing about your situation is really going to change, and they are just hoping they will scare you into doing something desperate? If this is just a scare tactic on their part, I'd rather explore other possibilities that don't involve me having $0 to my name until my next paycheck.
As far as what CNS is saying - hey man, I get the whole #1belt thing, I really do. I'm not a fan of accepting it as an inevitable reality, but its sounds like that's probably just the way its going to be. That being said, should things become litigious, I have no desire to offer up my wages or assets and in effect give them a bigger bucket when they come to the well each month.
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How did you and your wife manage to build a $5000 safety net while also falling $5000 behind on your payments? Do you both just keep your finances/bills concealed from each other? If you care at all about credit scores, etc. then I think this is probably an emergency that warrants using the $5000. If you are simply looking for the absolute best settlement to get out from under this debt ASAP and don't mind the prospect of not being able to get a loan in the near future, you may be able to hold out for a better settlement. I would talk to a lawyer. I don't think bankruptcy would help you here, but a lawyer would at least be able to tell you some of the tools the debt collectors have and don't have at their disposal.
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debt collectors will almost always take less money, if it's paid "right now". bargain with them a little
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and by that i mean "hey, we can't swing 5k right now. we can do 2500 today, and we start back on a payment plan of $xxx a month"
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debt collectors will almost always take less money, if it's paid "right now". bargain with them a little
What I said.
Get it in writing before you send them anything if you are settling the debt.
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Wackycat's rich gf might loan you some cash
I'd suggest you do it, but most Oklahomans are poors too.
No student loans here, friend. :ksu:
If you don't have any loans because your parents paid for it hen you really got knocked down a ring with me because of this thread.
If you tell me you were all schollie then I say you're lying.
Clean it up Okcat. I like you man.
Nothing wrong with your parents paying for it :users:
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I'd use the 5k to alleviate the debt situation at least to the point collection agencies aren't calling you. Maybe a credit counsellor would be helpful in getting the best resolution for you.
Then I would sell the house and a car. Tough it out for 2 years and then look back with your wife on a time when you had to work together to solve a big problem. I've been through something sort of like this and it was actually very good for my marriage (once it was over).
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FYI Debt collectors pretty much laugh directly in the faces of credit counselors.
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Doesn't Trim go after people who don't pay their hospital debt? His input in this thread might be somewhat valuable.
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How did you and your wife manage to build a $5000 safety net while also falling $5000 behind on your payments? Do you both just keep your finances/bills concealed from each other? If you care at all about credit scores, etc. then I think this is probably an emergency that warrants using the $5000. If you are simply looking for the absolute best settlement to get out from under this debt ASAP and don't mind the prospect of not being able to get a loan in the near future, you may be able to hold out for a better settlement. I would talk to a lawyer. I don't think bankruptcy would help you here, but a lawyer would at least be able to tell you some of the tools the debt collectors have and don't have at their disposal.
I guess because we have kept our finances separate to this point. WE didn't fall $5k behind on payments, she did. WE didn't build a $5k safety net, I did. I know I probably sound like an bad person there but I'm just making the distinction. As before mentioned, up until this point it hadn't really been a problem. At least, not to my knowledge or to hers either. She was making her loan payments on time and in full, contributing to our joint expenses, and things were progressing right along. She did not realize she had been provided inaccurate information about her debt consolidation. She thought all of her loans were in there, but they weren't. So while she thought she was making all her payments, in reality there was a very big private loan that was becoming delinquent.
I am willing to accept that we as a couple took a foolish approach to our finances, and that had we not treated them separately then this sort of thing probably wouldn't have happened. I know that her attitude towards the situation is that she is ashamed of her massive amount of student loan debt, and that she wants to take responsibility for it and manage it without forcing me to have to take care of it as well. And I admire her for that. A lot of people have warned about how I could end up resenting her, and really I think the way I would have resented her most was if she just assumed that once we were together I was going to take care of her money problems for her. I appreciate that she wants to take responsibility, although it would appear that now she is very much in over her head.
As far as the impact on our credit...well not a lot has changed since we've been together. Her credit was awful when we met and has continued to be so. My credit was good and by virtue of the fact that I continue to pay my credit card bill in full every month, as well as my car payment, as well as the mortgage and all other bills in my name, my credit remains in good standing. I've heard that being associated with someone with bad credit can hurt your credit score...don't know if that's true but if so then yes, her bad credit is hurting my good credit. Thing is, even under the best case scenario (like we win the lottery tomorrow) and she pays off every penny of her debt in full and puts herself on the fast track to fixing her credit, it's still like a minimum of 7 years before her credit score is anything other than a burden to us. Anything we do that requires credit, will be completely dependent upon me for the next few years. It's a reality I have made peace with.
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Unless your name is on accounts with derogatory info reported, her "problems" won't affect your credit rating. Where it might hurt is if you need to apply for joint credit because you need both incomes to qualify. Her low score/rating will probably result in a denial. Btw, I recently saw a file on a person that just over 2 years after a bankruptcy had a credit score of over 700. While some lenders may turn her down due to the bankruptcy, which stays on her record for 10 years, if she had the income level, job history, and down payment, a lot of lenders would make her a loan at this time.
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stjdent
responsibiljties.
Celebrate responsjbly, Brian. Drive sober or get pjlled over. :frown:
So sorry Mr. perfect that I've got big fingers and don't always go back and proof read what I've typed on a message board.
I'm just having fun with my IRL friend ksubrian. Buds. :cheers:
Sorry SB I was in a bit of a sour mood last night and the combination of poking fun at my spelling and drinking at the same time kind of struck me wrong. While I can drive and drink, i guess i shouldn't be typing and drinking. Those two just don't mix.
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Doesn't Trim go after people who don't pay their hospital debt? His input in this thread might be somewhat valuable.
Good grief.
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People make mistakes in life. This gE brother sought advice from a group he trusts. Props for asking. Plenty of solid advice here. Hopefully you and your wife can recover and have a great debt free life together.
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My understanding is that her loan originated with AES, who sold it to another lender NCT, who sold it to another lender NCO, who in turn sold it to debt collector NES.
I don't think you have the last part right.
Getting a true debt collector to stop bugging you is easy. The problem then is that if you're not willing to make acceptable voluntary arrangements, or even talk to them, the collector's client will have to decide how they want to proceed. That pretty much just consists of suing your wife or not. Your wife just needs to make herself an unattractive defendant.
If they sue you, the suit can and the judgment likely will act as a lien on real estate. They can't take your homestead, but it'll cause a slight pain in the ass when you try to sell.
I'm speculating that NCO is now the true owner of the debt and would be the plaintiff. As of right now, they wouldn't be able to garnish her wages as they purchased the debt. That's an odd KS statute for which there's pending legislation to repeal.
If you think your wife makes for a good defendant in the eyes of the plaintiff, you should be trying to deal with the true owner of the debt and the people who'd be deciding to sue you and actually suing you.
And I suspect what truly led to all this is that she defaulted on the terms of that loan (as opposed to not being current on payments with a collection agency or whatever) causing an acceleration clause to come into play and the entire balance actually being due now. So nobody's under any obligation to work with her or take the money over time or anything. It just comes down to whether working with her is more efficient than suing her and taking her money as the law allows.
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Doesn't Trim go after people who don't pay their hospital debt? His input in this thread might be somewhat valuable.
Not that kind of lawyer.
Or might be. No idea.
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Call 800-400-8549 just heard on the radio, Freedom Debt something or another. May just be for credit card debt not sure
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Demonstrating to a creditor that you have money and are easy to get it from by way of getting suckered into a debt relief scam is a fantastic way to get sued quicker.
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Hub, don't call the number I just posted, likely a waste of time and terrible idea. Thanks!
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So what should he do Trim?
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It may or may not be a good decision to sell your house and car. People on here telling you that you absolutely should who know nothing about you other than what they have learned on this thread are being a little careless with their advice.
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lawl, alright i'll steer clear from calling them.
Trim - thanks for the info. Hadn't heard much from the legal perspective. From what I can tell, my wife would not be a very attractive target for them to sue. None of our stuff is in her name, she doesn't have any money (if she did, this wouldn't be happening right now) so basically all she has is a car, which, since it is not paid off, my guess is the dealership that financed her probably has dibs on the car over a debt collector.
My suspicion is they really do not want to sue. Wednesday night their offer was "off the table at midnight" but then it was back on the table Thursday...makes me think they are just puffing out their chests trying to scare her. FWIW she sincerely DOES want to work with the collectors or creditors or whoever to get this thing under control, but when their idea of compromise is "pay us 101% of your monthly income every month for the next 2 years" that makes it kind of hard for her to work with them.
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So what should he do Trim?
Get 100% of the story straight and then follow what would be a very apparent path or get help from a pro. I'd have to charge a lot to be that pro because it's clear that these would be very frustrating clients to work for.
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What kind of range of amount owed are we talking here? $1k? $5k? $25k? $50k? $100k+?
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So what should he do Trim?
Get 100% of the story straight and then follow what would be a very apparent path or get help from a pro. I'd have to charge a lot to be that pro because it's clear that these would be very frustrating clients to work for.
:frown: she's made some bad mistakes when it comes to finances but we're not bad people.
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That's not what he said.
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So what should he do Trim?
Get 100% of the story straight and then follow what would be a very apparent path or get help from a pro. I'd have to charge a lot to be that pro because it's clear that these would be very frustrating clients to work for.
:frown: she's made some bad mistakes when it comes to finances but we're not bad people.
However, you might be bad people when it comes to concisely but completely laying out a factual scenario.
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So what's your plan Hub?
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So what's your plan Hub?
:impatient:
Hub, I talked to two A sources--a couple--yesterday who has used credit counseling before. They both spoke very highly of it and recommended it to anyone have trouble like yours. They also recommended calling several places and comparing them against each other, though I'm not really sure how that helps.
A quick list of accredited, non-profit credit counselors can be found below, and can help your wife avoid the kind of people who advertise on the radio (no offense, Wacky):
http://www.credithelp4u.org/members.cfm (http://www.credithelp4u.org/members.cfm)
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So what's your plan Hub?
:impatient:
Hub, I talked to two A sources--a couple--yesterday who has used credit counseling before. They both spoke very highly of it and recommended it to anyone have trouble like yours. They also recommended calling several places and comparing them against each other, though I'm not really sure how that helps.
A quick list of accredited, non-profit credit counselors can be found below, and can help your wife avoid the kind of people who advertise on the radio (no offense, Wacky):
http://www.credithelp4u.org/members.cfm (http://www.credithelp4u.org/members.cfm)
Credit counselors won't be able to do much when it comes to private student loans. Those people have no reason to ever negotiate because you can't file bankruptcy protection. This is gonna sound rude but the only real options are to either pay them directly or wait until they sue and begin garnishing wages. Of course, once attorneys are involved, the amount due will go up significantly. If possible, just live off your income and dedicate hers to the loan. Its gonna suck but it's about all you're left with.
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Once again, known bad person jtksu is being a known bad person.
The people I spoke with were talking to credit counselors specifically because of an issue very similar to Hub's. They spoke very highly of the experience not just because it helped reduce their debt, but because it helped them get their total financial house in order--which (it sounds like) is something Mrs. Hub needs.
Plus, it's totally free for the Hub family. Making a call can't hurt, Hub.
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Thanks for the link, WM. Will definitely check it out. Unfortunately, things have been a little touch-and-go around the Hubs household the last couple of days. While I have been doing my best to educate myself on all this stuff (and like, 99.9% of everyone on here has been studs and I do appreciate everyone's input, concern, and support) it has been a fine line to walk with Mrs. Hubs. On the one hand I am trying to use a light touch because, I see how much stress the situation has caused me just over the last few days, so I can only imagine it is exponentially worse for her and I don't want to come off as un-supportive or piling it on. On the other hand, treating the situation with kids gloves is not going to be of any help towards reaching a solution. To be honest I've allowed the conversation to be tabled this weekend since things were starting to really get tense. We did, however, set a deadline for no later than end of day Wednesday to have a plan of action in place with concrete goals and tangible milestones along the way. This should allow enough time for negotiations to conclude with her creditors or for us to have consulted with the appropriate credit councilors, if in fact there are any that can help her/our situation.
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You don't seem willing to change your lifestyle in any way.
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You don't seem willing to change your lifestyle in any way.
at the very least, he and his wife should stop tipping. enjoy financial and moral benefits.
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this thread is like a nightmare and it stresses me out just thinking about being hub.
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So bought a wedding, house and she got a new car?
The debt collector is going to have a field day. People who cry poor while driving a new car don't get much sympathy.
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So what should he do Trim?
Get 100% of the story straight and then follow what would be a very apparent path or get help from a pro. I'd have to charge a lot to be that pro because it's clear that these would be very frustrating clients to work for.
:frown: she's made some bad mistakes when it comes to finances but we're not bad people.
i bet a lot of people who rack up copious amounts of debt say this to make themselves feel better.
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So what should he do Trim?
Get 100% of the story straight and then follow what would be a very apparent path or get help from a pro. I'd have to charge a lot to be that pro because it's clear that these would be very frustrating clients to work for.
:frown: she's made some bad mistakes when it comes to finances but we're not bad people.
i bet a lot of people who rack up copious amounts of debt say this to make themselves feel better.
That's not a bad thing per se, going out and paying for a wedding and buying a new car is kind of messed up.
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this thread is like a nightmare and it stresses me out just thinking about being hub.
You'd be fine.
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this thread is like a nightmare and it stresses me out just thinking about being hub.
You'd be fine.
Yeah, you wouldn't buy a new car.
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Answer the phone, chat politely with them, ask them about their day and their family, etc. Then explain to them how you're never, ever, ever going to pay them back.
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Answer the phone, chat politely with them, ask them about their day and their family, etc. Then explain to them how you're never, ever, ever going to pay them back.
Them go do burnouts in your new car.
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I didn't see where he said she had a new car. Maybe they are making payments on a used one. :dunno:
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I didn't see where he said she had a new car. Maybe they are making payments on a used one. :dunno:
and hubs seems like a guy who wouldn't overlook any details when retelling his story.
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1_hub and his wife are the victims here. some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!
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1_hub and his wife are the victims here. some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!
It is ridiculous. I do think that private lenders should take some of the blame when they decide to loan somebody tens of thousands of dollars to go get a journalism degree, though. I don't think the mob would have made that loan.
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1_hub and his wife are the victims here. some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!
It is ridiculous. I do think that private lenders should take some of the blame when they decide to loan somebody tens of thousands of dollars to go get a journalism degree, though. I don't think the mob would have made that loan.
The real criminal is our higher education system.
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poor 1_hub/wife
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1_hub and his wife are the victims here. some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!
Jesus, Carnes.
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1_hub and his wife are the victims here. some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!
Jesus, Carnes.
you disagree?
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fanning, please continue to engage me in this thread, it could be great
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I didn't see where he said she had a new car. Maybe they are making payments on a used one. :dunno:
If you owe that kind of jack you shouldn't be making payments on any car.
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this thread is like a nightmare and it stresses me out just thinking about being hub.
You'd be fine.
Yeah, you wouldn't buy a new car.
I mean whoever he is married to that would do this to him.
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1_hub and his wife are the victims here. some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!
Jesus, Carnes.
I won't say that I wish bad things for Kim but, if he was to die a horrible death, I wouldn't mourn long.
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this thread is like a nightmare and it stresses me out just thinking about being hub.
You'd be fine.
Yeah, you wouldn't buy a new car.
I mean whoever he is married to that would do this to him.
I meant you'd lay out the complete set of necessary facts in platinum, get instructions, and have it all resolved within the week.
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i'm not going to read this whole thread but if they are student loans, can she just not consolidate them and then get an extended repayment plan or something? i have a lot of student loans but they are at @ 3%, consolidated and on a 20 year repayment plan. very manageable.
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1_hub and his wife are the victims here. some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!
Jesus, Carnes.
I won't say that I wish bad things for Kim but, if he was to die a horrible death, I wouldn't mourn long.
Yikes. What a weird thing to say in response to my post.
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i'm not going to read this whole thread but if they are student loans, can she just not consolidate them and then get an extended repayment plan or something? i have a lot of student loans but they are at @ 3%, consolidated and on a 20 year repayment plan. very manageable.
Private loans are a whole new ball game. There's no working with them.Government loans you can work with.
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i'm not going to read this whole thread but if they are student loans, can she just not consolidate them and then get an extended repayment plan or something? i have a lot of student loans but they are at @ 3%, consolidated and on a 20 year repayment plan. very manageable.
What we're left with after 9 pages of speculation is that the debt in question was a loan she defaulted on, and now is no longer a loan but rather the full amount of $____ that is all due now.
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Are they still poor? I skipped a bunch of pages.
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Are they still poor? I skipped a bunch of pages.
Yep, hub was giving Mrs hub until Wednesday and then they were going to talk it out.
At first I felt sad/bad for hub, but the longer this thread goes on the more mad/frustrated I become.
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Are they still poor? I skipped a bunch of pages.
Yep, hub was giving Mrs hub until Wednesday and then they were going to talk it out.
At first I felt sad/bad for hub, but the longer this thread goes on the more mad/frustrated I become.
It isn't an aberration that he married her.
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Thanks for the link, WM. Will definitely check it out. Unfortunately, things have been a little touch-and-go around the Hubs household the last couple of days. While I have been doing my best to educate myself on all this stuff (and like, 99.9% of everyone on here has been studs and I do appreciate everyone's input, concern, and support) it has been a fine line to walk with Mrs. Hubs. On the one hand I am trying to use a light touch because, I see how much stress the situation has caused me just over the last few days, so I can only imagine it is exponentially worse for her and I don't want to come off as un-supportive or piling it on. On the other hand, treating the situation with kids gloves is not going to be of any help towards reaching a solution. To be honest I've allowed the conversation to be tabled this weekend since things were starting to really get tense. We did, however, set a deadline for no later than end of day Wednesday to have a plan of action in place with concrete goals and tangible milestones along the way. This should allow enough time for negotiations to conclude with her creditors or for us to have consulted with the appropriate credit councilors, if in fact there are any that can help her/our situation.
You really shouldn't wait until the last minute like that. Dave's show can be hard to get onto some times. You have to keep calling until somebody answers the phone and puts you on. I would start trying on Monday if I was you.
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Are they still poor? I skipped a bunch of pages.
Yep, hub was giving Mrs hub until Wednesday and then they were going to talk it out.
At first I felt sad/bad for hub, but the longer this thread goes on the more mad/frustrated I become.
In that regard it's a lot like nicname's lost phone thread.
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Are they still poor? I skipped a bunch of pages.
Yep, hub was giving Mrs hub until Wednesday and then they were going to talk it out.
At first I felt sad/bad for hub, but the longer this thread goes on the more mad/frustrated I become.
In that regard it's a lot like nicname's lost phone thread.
Eerily similar, is hub a nicname sock? Stay tuned folks. . . .
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:scary movie:
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speaking of debt collectors, some woman from a collection agency called my cell today looking for somebody (not me or anyone i know). She was being really sketchy so i asked who she was looking for, who she was with, etc, and she started losing her crap. she finally hung up when i laughed at her.
maybe take that approach, hub?
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i'm not going to read this whole thread but if they are student loans, can she just not consolidate them and then get an extended repayment plan or something? i have a lot of student loans but they are at @ 3%, consolidated and on a 20 year repayment plan. very manageable.
What we're left with after 9 pages of speculation is that the debt in question was a loan she defaulted on, and now is no longer a loan but rather the full amount of $____ that is all due now.
And soon will turn into a judgement and if they can't square up, garnishment. I have a buddy in his late 20's who is in the tailend of the same situation. Dude makes decent money but lives like a poor guy because half his check goes straight to the judgement. BUT, three years of suck ass later, he's almost clear.
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A guy that works for a friend of mine quit college when he was 21, ignored his loan repayment, and his employer(my friend) was contacted 25yrs after the guy quit college and was required to garnish the guys wages until it was paid off which took a couple years.
It probably won't go away.
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A guy that works for a friend of mine quit college when he was 21, ignored his loan repayment, and his employer(my friend) was contacted 25yrs after the guy quit college and was required to garnish the guys wages until it was paid off which took a couple years.
It probably won't go away.
Yeah, it definitely won't.
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You know how many students I talk to daily who quit school, ignored sallie mae, and try and come back years later, only to find themselves in default? They always say: "I didn't know!" Bull crap you didn't know, you just thought you could ignore it and it would go away. Now they've got 30k in debt, no degree, and can't qualify for financial aid.
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You know how many students I talk to daily who quit school, ignored sallie mae, and try and come back years later, only to find themselves in default. They always say: "I didn't know!" Bull crap you didn't know, you just thought you could ignore it and it would go away. Now they've got 30k in debt, no degree, and can't qualify for financial aid.
do you ever feel bad about perpetuating this problem at your current job?
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:popcorn:
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He's financing dreams.
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You know how many students I talk to daily who quit school, ignored sallie mae, and try and come back years later, only to find themselves in default. They always say: "I didn't know!" Bull crap you didn't know, you just thought you could ignore it and it would go away. Now they've got 30k in debt, no degree, and can't qualify for financial aid.
do you ever feel bad about perpetuating this problem at your current job?
No. Not really. I enroll a lot of nurses. They make it back. We also have a career services department that teams up with our students to help them find jobs. This place is not as bad as UOP. A lot of these students are grant eligible as well. I'm pretty jealous of them in those regards.
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my cousin was a recruiter in KC (i don't know which school, sorry wacky) for the last two months or so until she quit last week. she said working in that place was just awful, and couldn't live with herself doing it any longer. her boss pretty much told her that she wasn't fleecing enough money from poor black people, and that she needed to step her game up.
i hope that's not what wacky's job is like, cause i think he's generally a pretty good person.
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my cousin was a recruiter in KC (i don't know which school, sorry wacky) for the last two months or so until she quit last week. she said working in that place was just awful, and couldn't live with herself doing it any longer. her boss pretty much told her that she wasn't fleecing enough money from poor black people, and that she needed to step her game up.
i hope that's not what wacky's job is like, cause i think he's generally a pretty good person.
Yeah, I have no clue where that place is, but that guy would be fired and that school would lose their accredidation quickly if reported. For-profit schools lives changed a lot in 2010. They had to change the way they paid their employees, had stronger academic guidelines to abide by, etc. I've always worked for an accredited institution. So that makes me feel a little better. I know the horror stories out there and can assure you a lot of that has changed since 2010. I'm recorded daily. If anyone says anything unethical, they are fired immediately. Corporate has to listen to these conversations daily, cause if they lose their accredidation, they're mumped.
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:D
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Also, I've looked into similar positions for K-State. They can only pay like half of what for-profits can. :frown:
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why'd you ninja edit! the other word actually fit really well :D
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Also, just an example how tight they are around here. A student asked me on the phone if her credits would transfer in the other day. I got written up for saying the word "potentially" instead of saying "we can have the registrars office look at them to get a better look at your options".
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why'd you ninja edit! the other word actually fit really well :D
I really bombed that paragraph. :D
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Also, just an example how tight they are around here. A student asked me on the phone if her credits would transfer in the other day. I got written up for saying the word "potentially" instead of saying "we can have the registrars office look at them to get a better look at your options".
You need to get a new job, are you looking?
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Also, just an example how tight they are around here. A student asked me on the phone if her credits would transfer in the other day. I got written up for saying the word "potentially" instead of saying "we can have the registrars office look at them to get a better look at your options".
You need to get a new job, are you looking?
It will be a year in October. This was a comfy find after the lay off I had with the software sales job. I would like to eventually be an employee recruiter and work in HR.
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Also, just an example how tight they are around here. A student asked me on the phone if her credits would transfer in the other day. I got written up for saying the word "potentially" instead of saying "we can have the registrars office look at them to get a better look at your options".
You need to get a new job, are you looking?
It will be a year in October. This was a comfy find after the lay off I had with the software sales job. I would like to eventually be an employee recruiter and work in HR.
No clue what you make now, but I have heard that employee recruiters don't make a lot. Certainly not the money you discussed at your last gig.
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Also, just an example how tight they are around here. A student asked me on the phone if her credits would transfer in the other day. I got written up for saying the word "potentially" instead of saying "we can have the registrars office look at them to get a better look at your options".
You need to get a new job, are you looking?
It will be a year in October. This was a comfy find after the lay off I had with the software sales job. I would like to eventually be an employee recruiter and work in HR.
No clue what you make now, but I have heard that employee recruiters don't make a lot. Certainly not the money you discussed at your last gig.
Yeah, i'm kinda lost right now. My manager has talked to me about management/team lead, but that could be like a year. I'm doing just fine with this and my side gig, but would like something bigger down the road. I'm making 1/3 more here than I was at UOP.
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Also, just an example how tight they are around here. A student asked me on the phone if her credits would transfer in the other day. I got written up for saying the word "potentially" instead of saying "we can have the registrars office look at them to get a better look at your options".
You need to get a new job, are you looking?
It will be a year in October. This was a comfy find after the lay off I had with the software sales job. I would like to eventually be an employee recruiter and work in HR.
No clue what you make now, but I have heard that employee recruiters don't make a lot. Certainly not the money you discussed at your last gig.
Yeah, i'm kinda lost right now. My manager has talked to me about management/team lead, but that could be like a year. I'm doing just fine with this and my side gig, but would like something bigger down the road. I'm making 1/3 more here than I was at UOP.
I meant the software joint
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Also, just an example how tight they are around here. A student asked me on the phone if her credits would transfer in the other day. I got written up for saying the word "potentially" instead of saying "we can have the registrars office look at them to get a better look at your options".
You need to get a new job, are you looking?
It will be a year in October. This was a comfy find after the lay off I had with the software sales job. I would like to eventually be an employee recruiter and work in HR.
No clue what you make now, but I have heard that employee recruiters don't make a lot. Certainly not the money you discussed at your last gig.
Yeah, i'm kinda lost right now. My manager has talked to me about management/team lead, but that could be like a year. I'm doing just fine with this and my side gig, but would like something bigger down the road. I'm making 1/3 more here than I was at UOP.
I meant the software joint
Yeah, I know. That was a hefty blow to my wallet and confidence for awhile. I learned from it tho.
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Rooting for you, Hub.
It will be hard, but you should talk with your wife. Don't let the collectors dictate the terms if you have other options available (and you do).
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Also, I've looked into similar positions for K-State. They can only pay like half of what for-profits can. :frown:
admissions rep?
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Also, I've looked into similar positions for K-State. They can only pay like half of what for-profits can. :frown:
admissions rep?
Yup.
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Wackybosco
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Wackybosco
:D
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Was going to give mrs. hub til wednesday but with taxes being due I couldn't help myself and we had the talk the other day. Since i've already pretty much told you guys everything except our social security numbers, I don't mind filling in a few more of the unsavory details:
*So she (we) are staring down the barrel of :sdeek: a cool hondo. (Like I said, she decided she wanted to go to the finest colleges money could buy). 40k in consolidated federal which she has been paying, 15k in private sallie mae which she has also been paying, and the dreaded 45k from the mafia which, as Trim accurately surmised, had gone into default and so now they are demanding to be paid in full real fast.
*The original offer from the debt collection agency was she come up with $5k in 3 weeks, and then they would accept $1600/mo for the next 24 months. Since i'll be getting $2k back from my tax return that I will give to her instead of making an additional house payment, that will put us pretty close to being able to fork over the $5k they are asking for, although from what I've seen here I am confident they can and will negotiate to something a little more reasonable like a smaller up front payment and a smaller monthly payment stretched out over 3 years instead of 2.
*We went over our monthly budget and were able to cut out $300/mo by lowering our grocery budget, cutting out the sweet cable tiers, but the bulk of it came from our agreeing to sacrifice the portion of our monthly budget that was allocated to "general savings/oh crap something broke"
*Another big adjustment we hadn't made was for another $900/mo which we had been putting into our account to pay for our wedding. We've only been married a few months now and I guess we hadn't gotten around to adjusting our budget since we'd finished paying off our wedding related expenses.
*Mrs Hub bought her car back when we were still just dating. In fairness to her, she absolutely needed a DIFFERENT car, but a NEW car, well...that was just stupid. How she got financing, I have no idea. In hindsight, I wish I would have been a little more involved in that decision although at that point we weren't even living together so
*Her car payment is $400/mo. She is open to the idea of selling it to free up that extra $400 each month. The "pay it off today" price of her car is something like 15k, which, since she has put a relatively low amount of miles on it and has kept it clean and in good shape...she might be able to get that much for it, i dunno?
So basically the take away from all of this is Hubs gunna be putting a couple hundred extra dollars into the joint account each month, she will be contributing virtually nothing to the JA and instead virtually all of her income for the next 2 (or hopefully 3)years will go towards paying off her student loans and an accelerated rate, and then once the biggest one is paid off she will continue to aggressively pay off what's left of the 2 outstanding loans. Over this time we will both finish paying our cars off (unless she and/or I sell them first) which will free up extra money, and it's fair to assume that on our current trajectories we should continue to receive yearly pay increases which can be put towards her loans.
Haven't finished crunching the numbers, in part because we have not completed negotiations with the collectors, but I think that, as long as we can both avoid any great misfortune, we should have her debt free in about 10 years.
At which point, Mrs Gooch is probably correct in that she will leave my ass. Marrying poor people...woof.
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i would make sure that all the fed loans are consolidated and at the lowest possible % rate and for the longest amount of repayment period possible. then i would get a general deferment or forebearance or whatever and stop payment on them for a year or two while putting all that money towards the other stuff. jmo.
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You should both sell your cars for cheaper ones and completely shut off cable.
And I think that since you are basically paying off her loans, ALL of her money should go into the joint account. I realize it's a trust thing, but she's mumped you over so well there you go.
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Demand incredible sexual favors on the daily. Like, put it in a contract and stuff. Get real weird about it. You have the power in this relationship now 1_hub.
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What is the interest rate on these loans? You mentioned that it was outrageous earlier, but just how high is it?
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Demand incredible sexual favors on the daily. Like, put it in a contract and stuff. Get real weird about it. You have the power in this relationship now 1_hub.
Doesn't matter if it is in a contract. She obviously doesn't adhere to her agreements even when they are written down.
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DNR this thread but if poor financial fortune befell me the worst thing about it would be my inability to churn airline credit cards err'day
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You should both sell your cars for cheaper ones and completely shut off cable.
And I think that since you are basically paying off her loans, ALL of her money should go into the joint account. I realize it's a trust thing, but she's mumped you over so well there you go.
Basically you have to look at it this way: any equity or value you could take out of your vehicles for cheaper ones...the cost of that additional luxury or utility is being financed at the interest rate of your highest interest rate loan. That makes the cost of keeping or owning anything of value that you have very very high. You should consider selling crap you have little use for, like guns, jewelry, electronics, etc.
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How can you find an undergrad that expensive that offers no scholarship/pell/anything?
it's like she wanted to run up as much debt as she could.
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warm up your parents' watch espn subscription
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Yeah, is moving in with family an option?
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and i'd definitely downgrade on the car situaish unless you have some circumstance that requires one (1) decent vehicle for work travel or something
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yeah, you've got to get rid of that care payment. That makes no sense.
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Does she work from home? I imagine a freelance writer could get by working from home, so you could probably make do with one car.
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and the dreaded 45k from the mafia which, as Trim accurately surmised, had gone into default and so now they are demanding to be paid in full real fast.
*The original offer from the debt collection agency was she come up with $5k in 3 weeks, and then they would accept $1600/mo for the next 24 months.
"They"
You still haven't cleared this up, so I'm sticking with my understanding that the "mafia" was the last debt buyer (NCO?) in the chain, while the "debt collection agency" is the party you've been dealing with lately (NES?).
If I'm right, she owes NCO $45K. NCO, for reasons that should be obvious at this point, hasn't sued her yet or instructed NES to quit rough ridin' around with you guys and move on to getting this to an attorney for suit. Another sign is that the collection agency, on NCO's behalf, is willing to take $43,400 over the course of 2 years as settlement of a debt of $45K that's due now and is accruing interest.
They're completely tipping their hand that they can't get a better result by suing you, or at least not any better than what the small difference in paying the collection agency a percentage vs. paying an attorney a percentage would be.
Your wife's financial situation is likely actually a great point of leverage for you to strike a much better deal than what's on the table now. And of course, with whatever deal she makes that will have you paying much less than she owes, you better make sure it's well-documented, especially since you're not dealing directly with the creditor here (or maybe you are, who knows, we won't, even if this goes another dozen pages).
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and the dreaded 45k from the mafia which, as Trim accurately surmised, had gone into default and so now they are demanding to be paid in full real fast.
*The original offer from the debt collection agency was she come up with $5k in 3 weeks, and then they would accept $1600/mo for the next 24 months.
"They"
You still haven't cleared this up, so I'm sticking with my understanding that the "mafia" was the last debt buyer (NCO?) in the chain, while the "debt collection agency" is the party you've been dealing with lately (NES?).
If I'm right, she owes NCO $45K. NCO, for reasons that should be obvious at this point, hasn't sued her yet or instructed NES to quit rough ridin' around with you guys and move on to getting this to an attorney for suit. Another sign is that the collection agency, on NCO's behalf, is willing to take $43,400 over the course of 2 years as settlement of a debt of $45K that's due now and is accruing interest.
They're completely tipping their hand that they can't get a better result by suing you, or at least not any better than what the small difference in paying the collection agency a percentage vs. paying an attorney a percentage would be.
Your wife's financial situation is likely actually a great point of leverage for you to strike a much better deal than what's on the table now. And of course, with whatever deal she makes that will have you paying much less than she owes, you better make sure it's well-documented, especially since you're not dealing directly with the creditor here (or maybe you are, who knows, we won't, even if this goes another dozen pages).
and then don't miss one payment by a rough ridin' penny or a rough ridin' minute, or they'll likely invalidate the deal and call the debt due in full.
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Negotiate that mofo down!
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Trim please take on hub pro bono, then when you settle his debt for pennies on the dollar make him agree to pay what he was going to pay the debt collectors to the fatty fund.
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Cutting back on premium tv channels and groceries? Whose sock is this?
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Negotiate that mofo down!
Private student loan companies have zero incentive to negotiate. They'll just sue and garnish wages. Other debt collectors will be more receptive because they're afraid you'll just file bankruptcy and they're mumped.
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What is the interest rate on these loans? You mentioned that it was outrageous earlier, but just how high is it?
Using a HP12C, deducting 5,000 from the 45,000 at 1,600/mo for 24 mo works out to 3.89% per annum. I don't think hub initially meant high rate but high monthly payment.
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What is the interest rate on these loans? You mentioned that it was outrageous earlier, but just how high is it?
Using a HP12C, deducting 5,000 from the 45,000 at 1,600/mo for 24 mo works out to 3.89% per annum. I don't think hub initially meant high rate but high monthly payment.
Not a finance guy but 3.89 doesn't sound terrible.
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Good grief.
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What is the interest rate on these loans? You mentioned that it was outrageous earlier, but just how high is it?
Using a HP12C, deducting 5,000 from the 45,000 at 1,600/mo for 24 mo works out to 3.89% per annum. I don't think hub initially meant high rate but high monthly payment.
Not a finance guy but 3.89 doesn't sound terrible.
It's not bad at all. 24 months is a short period to pay that kind of debt off, but all things considered, that's a lot better than I would have expected.
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Hey Trim I was thinking the same thing that NCO were tipping their hands with the offer they made. Even if they got the max 25% wage garnishment, they still won't get paid in full for like 20+ years, and that's assuming they got that judgment tomorrow. Mrs Hub is supposed to have a phone meeting today, I'm telling her to negosh that biz down, just workin on what a good counter would be.
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Demand incredible sexual favors on the daily. Like, put it in a contract and stuff. Get real weird about it. You have the power in this relationship now 1_hub.
I better stock up on batteries... :fatty:
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Trim please take on hub pro bono, then when you settle his debt for pennies on the dollar make him agree to pay what he was going to pay the debt collectors to the fatty fund.
is the fatty fund a 501(c)? Because in the next few years i'm gunna need to take all the tax dedux i can get
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Trim please take on hub pro bono, then when you settle his debt for pennies on the dollar make him agree to pay what he was going to pay the debt collectors to the fatty fund.
is the fatty fund a 501(c)? Because in the next few years i'm gunna need to take all the tax dedux i can get
Isn't student loan interest tax deductible?
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Trim please take on hub pro bono, then when you settle his debt for pennies on the dollar make him agree to pay what he was going to pay the debt collectors to the fatty fund.
is the fatty fund a 501(c)? Because in the next few years i'm gunna need to take all the tax dedux i can get
Isn't student loan interest tax deductible?
Only if you make less than like $130k.
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Trim please take on hub pro bono, then when you settle his debt for pennies on the dollar make him agree to pay what he was going to pay the debt collectors to the fatty fund.
is the fatty fund a 501(c)? Because in the next few years i'm gunna need to take all the tax dedux i can get
Isn't student loan interest tax deductible?
Only if you make less than like $130k.
So it is, then.
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Hey Trim I was thinking the same thing that NCO were tipping their hands with the offer they made. Even if they got the max 25% wage garnishment, they still won't get paid in full for like 20+ years, and that's assuming they got that judgment tomorrow. Mrs Hub is supposed to have a phone meeting today, I'm telling her to negosh that biz down, just workin on what a good counter would be.
If you trust her and that it's gonna work out, you (not her) should go get a favorable loan and use the loan money it the offer the creditor a lump-sum settlement amount.
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Trim please take on hub pro bono, then when you settle his debt for pennies on the dollar make him agree to pay what he was going to pay the debt collectors to the fatty fund.
is the fatty fund a 501(c)? Because in the next few years i'm gunna need to take all the tax dedux i can get
Some day!
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Trim please take on hub pro bono, then when you settle his debt for pennies on the dollar make him agree to pay what he was going to pay the debt collectors to the fatty fund.
is the fatty fund a 501(c)? Because in the next few years i'm gunna need to take all the tax dedux i can get
Some day!
I have the old paperwork in my bag and was gonna go through the emails on the plane if I don't fall asleep! No wifi tho. :frown: But maybe on the way back Sunday tho!
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Hey Trim I was thinking the same thing that NCO were tipping their hands with the offer they made. Even if they got the max 25% wage garnishment, they still won't get paid in full for like 20+ years, and that's assuming they got that judgment tomorrow. Mrs Hub is supposed to have a phone meeting today, I'm telling her to negosh that biz down, just workin on what a good counter would be.
If you trust her and that it's gonna work out, you (not her) should go get a favorable loan and use the loan money it the offer the creditor a lump-sum settlement amount.
I do trust her based on how I've seen her really get serious about her debt over the last couple of years, but i'm not sure I can really help her. Although my credit is in good standing, having a mortgage and a car payment makes my income to debt ratio somewhere between :dubious: and :ROFL: as far as the bank is concerned when it comes to lending me large sums of money.
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In order to have more money each month to put to the private loans / collection, find out if you can get the federal loans deferred.
May involve having to have your wife sign up for a couple of pud classes at the community college.
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Do either of you work for a company that would pay for your masters? I did this, deferred my loans, made small payments, and got ahead of it by the end of my program. Just a thought.
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*Another big adjustment we hadn't made was for another $900/mo which we had been putting into our account to pay for our wedding. We've only been married a few months now and I guess we hadn't gotten around to adjusting our budget since we'd finished paying off our wedding related expenses.
I'm still confused by this. You just had an extra $900/month sitting in the bank that you didn't know about, AND you make less than $130k?
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*Another big adjustment we hadn't made was for another $900/mo which we had been putting into our account to pay for our wedding. We've only been married a few months now and I guess we hadn't gotten around to adjusting our budget since we'd finished paying off our wedding related expenses.
I'm still confused by this. You just had an extra $900/month sitting in the bank that you didn't know about, AND you make less than $130k?
Maybe they make more than $130k. It seems kind of weird that they only paid 5% down on the house, though, if that's the case.
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*Another big adjustment we hadn't made was for another $900/mo which we had been putting into our account to pay for our wedding. We've only been married a few months now and I guess we hadn't gotten around to adjusting our budget since we'd finished paying off our wedding related expenses.
I'm still confused by this. You just had an extra $900/month sitting in the bank that you didn't know about, AND you make less than $130k?
Maybe they make more than $130k. It seems kind of weird that they only paid 5% down on the house, though, if that's the case.
There is no way they make more than 130k, if they did, they shouldn't have any problem coming up with 5k in a couple weeks, and paying off the 100k of debt in less than 5 years.
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*Another big adjustment we hadn't made was for another $900/mo which we had been putting into our account to pay for our wedding. We've only been married a few months now and I guess we hadn't gotten around to adjusting our budget since we'd finished paying off our wedding related expenses.
I'm still confused by this. You just had an extra $900/month sitting in the bank that you didn't know about, AND you make less than $130k?
Maybe they make more than $130k. It seems kind of weird that they only paid 5% down on the house, though, if that's the case.
There is no way they make more than 130k, if they did, they shouldn't have any problem coming up with 5k in a couple weeks, and paying off the 100k of debt in less than 5 years.
Earning a lot of money doesn't necessarily make you wealthy. You still have to manage that money.
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*Another big adjustment we hadn't made was for another $900/mo which we had been putting into our account to pay for our wedding. We've only been married a few months now and I guess we hadn't gotten around to adjusting our budget since we'd finished paying off our wedding related expenses.
I'm still confused by this. You just had an extra $900/month sitting in the bank that you didn't know about, AND you make less than $130k?
Maybe they make more than $130k. It seems kind of weird that they only paid 5% down on the house, though, if that's the case.
There is no way they make more than 130k, if they did, they shouldn't have any problem coming up with 5k in a couple weeks, and paying off the 100k of debt in less than 5 years.
I was tapatalking and thought Rage's post was actually hub's.
Still, how can someone in this situation just pull $900 out of their budget overnight?
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*Another big adjustment we hadn't made was for another $900/mo which we had been putting into our account to pay for our wedding. We've only been married a few months now and I guess we hadn't gotten around to adjusting our budget since we'd finished paying off our wedding related expenses.
I'm still confused by this. You just had an extra $900/month sitting in the bank that you didn't know about, AND you make less than $130k?
Maybe they make more than $130k. It seems kind of weird that they only paid 5% down on the house, though, if that's the case.
There is no way they make more than 130k, if they did, they shouldn't have any problem coming up with 5k in a couple weeks, and paying off the 100k of debt in less than 5 years.
I was tapatalking and thought Rage's post was actually hub's.
Still, how can someone in this situation just pull $900 out of their budget overnight?
I am assuming that, since their individual spending and saving habits were kept from each other, that he was chunking it away from his earnings while he thought she was handling her debt. Not an excuse, because it's insane, but given the info ITT, it's what I would guess.
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*Another big adjustment we hadn't made was for another $900/mo which we had been putting into our account to pay for our wedding. We've only been married a few months now and I guess we hadn't gotten around to adjusting our budget since we'd finished paying off our wedding related expenses.
I'm still confused by this. You just had an extra $900/month sitting in the bank that you didn't know about, AND you make less than $130k?
Maybe they make more than $130k. It seems kind of weird that they only paid 5% down on the house, though, if that's the case.
There is no way they make more than 130k, if they did, they shouldn't have any problem coming up with 5k in a couple weeks, and paying off the 100k of debt in less than 5 years.
I was tapatalking and thought Rage's post was actually hub's.
Still, how can someone in this situation just pull $900 out of their budget overnight?
I am assuming that, since their individual spending and saving habits were kept from each other, that he was chunking it away from his earnings while he thought she was handling her debt. Not an excuse, because it's insane, but given the info ITT, it's what I would guess.
To specifically clear that up, we made a budget a year before the wedding in which we determined we needed to put aside $900/mo to cover our remaining anticipated costs for the wedding. Not surprising (or at all uncommon), things didn't actually work out to the letter as we had predicted 12 months out. So when it came time to pay all the bills, we were about $3500 short on our estimate. I had the extra 3.5k in my own account so I covered it with the understanding that I would put less money into our account until that 3.5k was essentially paid back. Well now I'm pretty much paid back. So essentially as far as our JA is concerned we've been operating on a reduced budget for a while now. When I resume my normal contributions to our JA (plus a couple hondo extra as per this weekend) it will be contributing more money to a reduced budget, which in turn frees her up to keep more of her money to pay her loans instead of contributing to our JA.
Sounds like a ponzi scheme written all out like that but its actually pretty straight forward.
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Stop trying to save money for now. You need to pay this debt off.
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This whole thing with separate accounts and joint accounts sounds unnecessary and selfish, imo. What are you guys trying to hide? It's almost like you're trying to make it easier on the lawyers when the impending divorce happens.
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i would make sure that all the fed loans are consolidated and at the lowest possible % rate and for the longest amount of repayment period possible. then i would get a general deferment or forebearance or whatever and stop payment on them for a year or two while putting all that money towards the other stuff. jmo.
This is good advice.
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You pay everything off yet, @the1called_Hub? You have Ramsey envelopes stuffed full of cash that you're handing over on the regular?
Been thinking about you recently. Give your gE.c FAMILY an update.
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.thesalutepodcast.com%2Fwp-content%2Fuploads%2F2013%2F09%2Fcapture7.jpg&hash=d2e2f8a568dd4c4805622d4d454f179af9976708)
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You pay everything off yet, @the1called_Hub? You have Ramsey envelopes stuffed full of cash that you're handing over on the regular?
Been thinking about you recently. Give your gE.c FAMILY an update.
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.thesalutepodcast.com%2Fwp-content%2Fuploads%2F2013%2F09%2Fcapture7.jpg&hash=d2e2f8a568dd4c4805622d4d454f179af9976708)
Yes, interested in an update. Hopefully it's going well. Oh, you might also get some help on reddit, because I think they have subreddits for debt and personal finance. Probably some people who have been in your boat.
*edit* Yep. Try www.reddit.com/r/debt and www.reddit.com/r/personalfinance
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guys, a debt collector just called me. I was v confused at first, then realized it was actually for my uncle. Apparently he's getting foreclosed on :frown:
Sad that they call your entire family to essentially let them know you haven't been paying your crap.
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I'm interested in how everything ended up playing out with Hub.
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I'm interested in how everything ended up playing out with Hub.
Me too. Let's get an update hub!
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guys, a debt collector just called me. I was v confused at first, then realized it was actually for my uncle. Apparently he's getting foreclosed on :frown:
Sad that they call your entire family to essentially let them know you haven't been paying your crap.
if they told you that they broke the law
http://consumerlawyer.mn/debt-collectors-calling-family-and-friends/
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Can parking tickets eff up your insurace/credit? I don't want to pay mine, cause they're bull crap and stuff.
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Can parking tickets eff up your insurace/credit? I don't want to pay mine, cause they're bull crap and stuff.
I'm not sure. Unpaid tickets can get you arrested, though.
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Can parking tickets eff up your insurace/credit? I don't want to pay mine, cause they're bull crap and stuff.
I'm not sure. Unpaid tickets can get you arrested, though.
Ugh.
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If you want to protest, pay them in pennies.
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If you want to protest, pay them in pennies.
:thumbs:
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I've never understood the paying in pennies protest. They are paid to be there, whether they are counting pennies or helping somebody else. You are the one that has to stand there and wait on them to count out all the pennies.
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If you really want to eff with a cop for giving you a bullshit ticket, make the court cashier count out $164 in pennies. Really sticks it to the dumbass cop.
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That sounds really stupid.
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Wacky, pay with a check. But write the check for 1 cent over the amount due. Then they will have to issue you a check for 1 cent. Then if you never cash that check, the ticket won't go on your record.
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Wacky, pay with a check. But write the check for 1 cent over the amount due. Then they will have to issue you a check for 1 cent. Then if you never cash that check, the ticket won't go on your record.
:fatty: Maybe I should just pay them, but I really don't want to. :)
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Wacky, pay with a check. But write the check for 1 cent over the amount due. Then they will have to issue you a check for 1 cent. Then if you never cash that check, the ticket won't go on your record.
Seems legit.
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Wacky, pay with a check like this...
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Foi29.tinypic.com%2F316kxhd.jpg&hash=1654646a8f350a85b69461869549df529887ad40)
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:lol:
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Yeah, maybe smear some turd on it too.
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1_hub, did you ever do my thing about the sexual favors?
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Answer the phone, chat politely with them, ask them about their day and their family, etc. Then explain to them how you're never, ever, ever going to pay them back.
Or do that one. I gave you two great options.