I just got back from a short meeting with my debt counselor at consumer counseling northwest.
I had sent in my first payment about 2 weeks ago, and she wanted to chat about what got accepted and what needed to change.
The Good News
The good news is that it looks like all my interest rates will go dramatically down right away, except for my wells personal line (25K), the biggest debt.
The Bad News
WellsFargo is being lame, and won’t accept me into the plan until a $1000 late balance is taken care of. So, for the next three months, my DMP (debt managment plan) payment will be $1480, and not the $960, as I was hoping.
The Funny News
My conselor, Irena, is just a hoot. She moved to the US (from eastern russia from the sound of her accent) a few years ago, and is really passionate about helping me out. She said some really great lines to me in our past meetings, so I wrote a few down today that made me smile:
“let’s make experiment” (she says this when she pulls up the calculator in windows to run numbers)
“God want you to be safety” (she murmured this one today, I think it sliped because the place is a secular non-profit, not affiliated with any church, but I’m glad she thinks God wants me to be OK)
I just had to write those down because they made me smile.
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Well, look at it this way: It may be painful now, but it’s actually going to help more than it hurts in the long run. Once you’re caught up, you can look back with relief.
I know because I’ve gotten on my own debt payment plan. (Not through a counseling agency, but I’m working through it myself.) It really hurts every month to make those payments, but once it’s made and I see the balance drop significantly, it feels so much better to have done it.
Keep at it, you’ll get there eventually.
Just keep hammering down the high rates.
Well, i’ve often referred to you as the bizzaro-world Casey Serin… so let’s hope that compliment holds true some more and that you’ve found a Russian who’s good with finances.
Keep on the right course there kid!
“Let’s make experiment”
I love it! I must use it sometime
Did you know that debt settlement will be much better than debt management? Better in every way.
73k in debt? What is your minimum payment like each month, close to 1500-2000? I have about 58k worth of debt, but good thing for me is that I have great credit and lots of credit line open that allows me to juggle with transferring balances. Not that it is the solution, but it is really the only thing that is possible to do when you’re in this much shit.