Comments on: the debt management plan May check http://www.debtkid.com/the-debt-management-plan-may-check Debt Kid - I'm Getting Out of Debt Sat, 21 Nov 2009 04:11:13 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Tyler http://www.debtkid.com/the-debt-management-plan-may-check/comment-page-1#comment-489 Tyler Thu, 17 May 2007 16:22:49 +0000 http://www.debtkid.com/the-debt-management-plan-may-check#comment-489 I'm not disputing your other drastic changes, but the car is a bad situation. You know what you're essentially doing right? Not only are you in the hole 8k on it, but your (I'm assuming) $2-300 mo/pmt is going nowhere but in the garbage to keep a car that you say you have to have. If you sold the car, you'd only have 8k to worry about, and no monthly payment on a different paid-for car. Your problem right now is cash flow and you don't have it. That is why I said get rid of the car. At least you would only have 8k to worry about, and then when you are done with those payments, you're car is free and clear. Just a quicker way to be free on it as opposed to keeping the car you have now and making payments much longer. I’m not disputing your other drastic changes, but the car is a bad situation. You know what you’re essentially doing right? Not only are you in the hole 8k on it, but your (I’m assuming) $2-300 mo/pmt is going nowhere but in the garbage to keep a car that you say you have to have. If you sold the car, you’d only have 8k to worry about, and no monthly payment on a different paid-for car. Your problem right now is cash flow and you don’t have it. That is why I said get rid of the car. At least you would only have 8k to worry about, and then when you are done with those payments, you’re car is free and clear. Just a quicker way to be free on it as opposed to keeping the car you have now and making payments much longer.

]]> By: debt kid http://www.debtkid.com/the-debt-management-plan-may-check/comment-page-1#comment-488 debt kid Thu, 17 May 2007 15:53:02 +0000 http://www.debtkid.com/the-debt-management-plan-may-check#comment-488 No, not dumb. I am upside down around 8K. Finance with a credit union? With a fico under 500? Hmmm...me thinks that ain't gonna happen. And I will get out of this mess. I've already made major drastic changes and continue to do so, thank you. No, not dumb. I am upside down around 8K. Finance with a credit union? With a fico under 500? Hmmm…me thinks that ain’t gonna happen.

And I will get out of this mess. I’ve already made major drastic changes and continue to do so, thank you.

]]> By: Tyler http://www.debtkid.com/the-debt-management-plan-may-check/comment-page-1#comment-485 Tyler Thu, 17 May 2007 13:54:34 +0000 http://www.debtkid.com/the-debt-management-plan-may-check#comment-485 Dumb! You can't afford the payments. Sell the car, get something cheap with the cash, and finance the small balance you are upside down with with a credit union. If you can't do that, try Prosper.com. It's stupid to be in this much debt and have a car you can't afford. You won't get out of this mess if you don't make drastic changes. Dumb! You can’t afford the payments. Sell the car, get something cheap with the cash, and finance the small balance you are upside down with with a credit union. If you can’t do that, try Prosper.com. It’s stupid to be in this much debt and have a car you can’t afford. You won’t get out of this mess if you don’t make drastic changes.

]]> By: debt kid http://www.debtkid.com/the-debt-management-plan-may-check/comment-page-1#comment-479 debt kid Wed, 16 May 2007 19:38:27 +0000 http://www.debtkid.com/the-debt-management-plan-may-check#comment-479 Yes, I am way upside down on the car (I bought it new two years ago and drive about 20K miles a year...). I can't sell the car. Yes, I am way upside down on the car (I bought it new two years ago and drive about 20K miles a year…). I can’t sell the car.

]]> By: dm http://www.debtkid.com/the-debt-management-plan-may-check/comment-page-1#comment-477 dm Wed, 16 May 2007 16:19:30 +0000 http://www.debtkid.com/the-debt-management-plan-may-check#comment-477 I think he's mentioned before that he's upside down in the car or its a lease or something purchased through the business and he's not in a position to sell it. That's what I recommended, though. Get a an old beater or a Scooter or something... I think he’s mentioned before that he’s upside down in the car or its a lease or something purchased through the business and he’s not in a position to sell it. That’s what I recommended, though. Get a an old beater or a Scooter or something…

]]> By: DC Economist http://www.debtkid.com/the-debt-management-plan-may-check/comment-page-1#comment-475 DC Economist Wed, 16 May 2007 13:13:22 +0000 http://www.debtkid.com/the-debt-management-plan-may-check#comment-475 I agree with Tyler. Heck, sell the car and get a bike with a storage rack. The gym is close enough to bike to right? And a grocery store? I lived without a car for 2 years. Loved it I agree with Tyler. Heck, sell the car and get a bike with a storage rack. The gym is close enough to bike to right? And a grocery store?

I lived without a car for 2 years. Loved it

]]> By: Tyler http://www.debtkid.com/the-debt-management-plan-may-check/comment-page-1#comment-474 Tyler Wed, 16 May 2007 12:03:08 +0000 http://www.debtkid.com/the-debt-management-plan-may-check#comment-474 Sell your car! Why are you making payments on it when you can't afford them! You need to sell your car and buy a cheap, reliable, older used car that you can pay for with cash. You might be able to make that IRS payment with it! Time to get serious here buddy, you have really nothing and everything to lose, and a lot to gain! Again, SELL THE STUPID CAR!!! Sell your car! Why are you making payments on it when you can’t afford them! You need to sell your car and buy a cheap, reliable, older used car that you can pay for with cash. You might be able to make that IRS payment with it! Time to get serious here buddy, you have really nothing and everything to lose, and a lot to gain! Again, SELL THE STUPID CAR!!!

]]> By: dm http://www.debtkid.com/the-debt-management-plan-may-check/comment-page-1#comment-470 dm Wed, 16 May 2007 05:28:43 +0000 http://www.debtkid.com/the-debt-management-plan-may-check#comment-470 Well, if things work out and you end up getting a Prosper loan, let me know and I'll see if I can work out a contribution. It may not be a whole lot at the moment, but every bit could help! Well, if things work out and you end up getting a Prosper loan, let me know and I’ll see if I can work out a contribution. It may not be a whole lot at the moment, but every bit could help!

]]> By: PMSPMS http://www.debtkid.com/the-debt-management-plan-may-check/comment-page-1#comment-469 PMSPMS Wed, 16 May 2007 02:49:20 +0000 http://www.debtkid.com/the-debt-management-plan-may-check#comment-469 Ehhh - I missed the car payment bit before - I can only wish you luck though. Ehhh – I missed the car payment bit before – I can only wish you luck though.

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