What was your lowest moment in this debt journey and how did you over come it?

iVillage Member
Registered: 03-01-2008
What was your lowest moment in this debt journey and how did you over come it?
17
Tue, 10-11-2011 - 10:16pm

Back for some encouragement as usual. It just seems like there is one thing after another and sometimes I feel like giving up. Stop paying the mortgage and let the house go into foreclosure, stop paying the credit cards and file bankruptcy, forget about paying off that car, etc. I wont do any of this, of course, but it is tempting. I know a woman, my hairdresser, who declared bankruptcy last year. She works at an elite salon and makes good money...her husband is a cop who also makes good money. they have a

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iVillage Member
Registered: 10-28-2009

You have a lot going on and are dealing with it basically by yourself, from what you have said, right?

I don't remember your details, do you have a lot of consumer debt? I don't know much about BK, but maybe you could talk to a couple of attorneys and see what it's all about in your situation. Sometimes it's the better option?

But, to answer your question, I got some collection calls at work when I was about 18, I was horrified. Another very low point was when I admitted out loud to my BF my debt, the total amount, etc etc, I could barely talk through my tears.

Please hang in there, things will turn around!

iVillage Member
Registered: 11-17-2007

iVillage Member
Registered: 04-16-2008

I am sorry that you are feeling so overwhelmed and low.

JMHO, you need to focus on yourself first.

iVillage Member
Registered: 12-31-2010

Do you guys have a concrete month to month plan?

#Marie
iVillage Member
Registered: 07-20-2001

My biggest problem was & always has been cc debt.

iVillage Member
Registered: 11-14-2008

Hello Nursey!

I have had a few low points. One was when I was first divorced 4 years ago. I quickly realized I was in an apartment, my truck lease was due with no money to buy it out, I had two little kids to support, no savings and $30,000 in debt with not much left over on my pay cheques to pay it off. I almost could not breath, I was so scared. At first I wouldn't allow myself to think about it too much, as I tried to think about my kids and day to day things(plus I ran a lot on my treadmill). Then I slowly realized as each payment came out of my credit line and the amount went down(I was not charging on it), the principal amount was greater and the interest

Avatar for poorboy2011
iVillage Member
Registered: 10-02-2011

My lowest moment was this month, when I discovered I sank deeper into debt by $20k, and my debt rose to the highest ever ($60k). And I joined you guys because I recognized I have a spending problem and a budgeting problem. I don't want a repeat of this. I don't want any more debt anymore. I want to get out of it, not just for my financial health, but for my physical and mental health as well. I am figuring out a plan, but it will take a while for me to get out of debt.

Avatar for mahopac
iVillage Member
Registered: 07-24-1997

There were a bunch of them.

iVillage Member
Registered: 03-01-2008

Thanks everyone for sharing your stories...they really do inspire me and believe it or not, they give me the strength to keep fighting. Im at a pretty low point but I understand it could be much worse. The thing about that attitude is that you can tell yourself that but it doesnt always help in the moment. Stupid little things just seem to be beating me down.

Avatar for mahopac
iVillage Member
Registered: 07-24-1997

Your mentioning the mouse made me both giggle and cringe.

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