Drowning in Debt

iVillage Member
Registered: 11-21-2004
Drowning in Debt
3
Wed, 04-13-2005 - 8:58pm
Not much has changed since the last time I was on here. I had a phone counseling appt the other day with one of Dave Ramsey's financial counselors. I thought it went pretty well. They want to try this thing called a Pro Rata plan where you divide the debt up and send a copy of the letter, your monthly budget, and a payment to your creditors. I hate talking to creditors!! I need to really get on writing them a do not call letter at my place of employment certified mail. One called me at the daycare today. It completely ruined my day. There are 3 employees at the daycare including me and the owner. I am not exactly in the best position to be discussing financial affairs with them when my boss who has no clue what's going is standing right there. Thank God they called me when she went on break. It just kills me how they could care less if they are breaking the law by calling me at work. I was really feeling like things were going to work out and I was feeling so positive after reading Dave's book and talking to his counselor. Now I feel the complete opposite. I know that's what the creidtors job is to evoke emotions but I can't help it. I just feel like I really screwed up bad and I just don't know what the answer is to all of this. I am sick to death of this whole situation and it makes me feel horrible-just knowing I have all of this debt looming over me and dealing with creditors. I am hoping to hear back about a full time job which if I get it will increase my income an additional $500 a month. It doesn't start until May 23rd even if I do get it. Plus I don't know what I am going to do about school in the fall if I take this job b/c of the hours it requires. I can't afford not to take the job. Sorry to ramble but I am feeling so hopeless and lost today it's crazy. Thanks
iVillage Member
Registered: 10-26-2004
In reply to: mlb21
Wed, 04-13-2005 - 11:39pm
i'm drowning too, how about we keep each other company? i know it sucks having to talk to creditors, but the longer you wait the harder it gets. just be thankful it's all done over the phone and not in person. i'm keeping my fingers crossed about the full time job for you though. you can always work there until fall semester to get yourself afloat financially and then see if you can go part time to continue school. if you can't go part time there, then you can always look elsewhere if you're determined to go back to school. just as a suggestion, when you get a new job do not give your creditors your employers contact information. even when you're asking for new credit they don't need your work number or address. i never give them that information because like you, the last thing i need is my boss wondering whats going on. if they absolutely insist on a work number give them the number to the main headquarters or the corporate office, even if it's in another state. they won't want to bother tracking you down and they'll just leave messages for you at home. what's the book by dave that you read? i'm trying to read anything i can find on finances.
iVillage Member
Registered: 11-21-2004
In reply to: mlb21
Thu, 04-14-2005 - 12:02am
Thanks for keeping your fingers crossed for me. I need all of the help I can get right now! Sounds good about keeping each other company. I could use that too. It's getting pretty sticky at work with this plus my boss is kind of nosey. I have worked there for almost 4 years so she's pretty open and up front with me about stuff. I hadn't planned on giving them any new contact information. The books I have read by Dave are Financial Peace and Total Money Makeover. He also has a website www.daveramsey.com. He makes tons of sense and his books are wonderful and really motivating. His website has lots of indormation and you can download clips from his radio show on different topics. Thanks for the post!
Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
In reply to: mlb21
Thu, 04-14-2005 - 11:04am

Hang in there!!!