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| Mon, 05-12-2008 - 8:47am |
Hello,
I found this board over a year ago, but I have not particpated in any snowflaking or such.
I see the messages and see how encouraging all of you are to each other, and its awesome
My husband and I are in much debt 65,000 in credit card. We have made many poor decsions to lead us down this horrible number. We have 2 homes. One place we have not been able to sell. And last year, there was portion we had no renters in it, we needed a new furnace, etc. and there you go. However, in the fall we got renters again.
I was heavily depressed for a while. And I was working 2 jobs and it was just very overwhelming. My husband does not like to discuss the debt, does not want to know anything and is much denial. I can't worry about him. I just need to worry about helping our situation. I am not as depressed as I once was, and I beleive I going to try to find some sort of part time job. I really don't want to do retail again, but I am going to see what I can find.
My question, has anyone else be in such debt (I know my number is horrible, so please don't judge), but have you been able to reduce it all? Have you made progress?

Claud, first of all, welcome to the board!
Hello Claud -
When DH and I started this journey, we were $83,260 in debt.
All my best,
Danni
Hello, and welcome.
I've always thought
I can understand about the two house thing. That is how we got into debt so bad. At one point about three years ago I owed very little about 3,000 because of keeping up two houses for almost 2 years and doing repairs and so on I went up to 26,000 For the last 6 months I have worked really hard and paid that down to 19,999.47 I was so happy to see that 20,000 mark gone Then I found out I needed a lot of dental work done so I had to go out and borrow around 5,000 Which brings me back to 25,500 but after I pay this month's payments it will be down in the 24,900 again God willing.
If you can sell the rental house I would. Mine was not a rental thing it was a woman not showing up at closing thing. Then trying to sell the house afterwards again after I had bought another house.
Have you thought if you want to keep the other house to get a second on it. Second mortgages have low interest and are tax deductible. At least then you can take off the interest and if it is around the same as what you are charging for rent with add-ons then it could be a loss to you at tax time. Loses bring refunds Refunds to put on your debt.