So, It’s Sunday night and I’m at my office trying to sort through everything to prepare for tomorrow when I will begin negotiating with my creditors. I went through about 3 months of mail, opening old statements and bills. Not very fun, actually. I’ve created folders for each of my creditors, and one file for my student loans (which I am not including in the “bad debt” I owe of $344,442).
Some good news
One piece of good news: I found a ‘lender option forbearance application’ for my citiassist private loans. I can defer payments for a year (interest continues to accrue). I will send this in tomorrow, should allow me to postpone these for a year. At this point, I need to conserve as much cash as possible, so I have to do this.
I haven’t decided what to do with my credit cards yet. They are the smallest amount of the debts I owe, but they all have horrid interest rates. Here they are not looking very happy:
What should I do with my cards?
I have a few ideas, some better than other. If anyone has any creative ideas, please comment, and I will make a video of how I destroy/rid/injest/burn these. How about:
- I make a credit card milkshake. Like a normal milkshake, but I shred up the cards and drink the whole thing in like 60 seconds. Is there any ink or anything that could hurt me if I do this. I want to “eat” my sins.
- I blow them up.
- I burn them
- I shred them (boring!)
- Video taping the best suggestion I receive from a viewer
I’ll make the decision about the cards in a few days. Time to fill out that forbearance application…
Oh, and I had my chicken on my george foreman tonite. not bad. I’d better get used to it.
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I know you’re probably joking, but don’t drink the milkshake unless you want a late-night emergency room visit for perforated intestines or bowel obstruction!
Far better that you should make a milkshake with cc applications!
Ahh, good point. The last thing I need is a $75 copay for an emergency room visit! Thanks for the reminder! Any other ideas?
Back in the olden days when credit was harder to get, and limits were much lower, folks still used to get in trouble with Credit Cards.
The joke then was that you took all the cards, put them in a big tupperware bowl full of water and stuck it in the back of the freezer.
If you were tempted to use the cards, you had to thaw it out and that gave you time to think.