NeverlandClub23
AKV & OKW DVC Member
- Joined
- Jan 20, 2005
Can I join? Let's just say I had a good time for about 4-5 years courtesy of credit cards. I owe about $18k in credit card debt. It's all on low or no interest cards, I pay more than the minimum, I still have a 720 credit score, I've never missed a payment, but it still very overwhelming and embarrassing. Luckily, I have learned from all of this and will never use credit cards again. Ever. I'm so sick of being in debt and having nothing to show for it. It will take me about 3 years to get out from under it (according to the financial plan thing I did on bankrate.com-that really put it into perspective; I put in everything I owe and interest rates and then it tells you how much to pay on each one and when you should be out of debt-FOR FREE). Anyways, I have a question. I've been dating a guy for about a year and he doesn't know how much debt I have. I feel embarrassed to tell him (but I, of course, want to tell him before we start talking marriage) but really when should I tell him? I don't want to tell him later and then he thinks I was hiding it from him or that I still have a problem. Thanks for letting me talk and for any advice!
Here's to a debt reduced 2009!!!
So at the end of 2009, I have told my bf about my debt (and he was completely understanding), I got a better paying job, I've saved $1,000 towards an emergency fund, and paid $6,000 on my cc debt (and not accumulated anymore) I have found the best thing for me is setting up bill payments (for free online through my credit union) that automatically come out with every paycheck so I can't even spend the money and I plan that money coming out as part of my budget. I'm also paying the minimums on the lowest interest cards and paying the most on the higher interest rate cards. It makes me feel better to know I'm paying less money in the long run than it would to see the smaller ones paid off faster.
Here's to an even more debt reduced 2010 and eventually a debt free life for everyone!