So my other half is finally really on board with getting out of debt. In light of that, he actually got his credit report. He had more debt than he thought. He made a spreadsheet and we entered items from both our CRs into it. The total amount of debt on the CRs, not including our home mortgage, is $14,202. There are probably a few things we've forgotten that aren't on the CRs but that's what we're aware of right now.
Some of it has been charged off, some accounts are closed or in collections and I'm not sure yet how to deal with those. I'm afraid of "waking the sleeping giant" so to speak by paying them so I'm not sure how to go about this. I also don't even know if it's wise to pay something that's been charged off and is due to roll off the CR in a year or so.
But there we have it, the debt according to the CRs. (she says as she heaves a sigh of relief at just knowing the number)
Our debt (gulp)
January 6th, 2007 at 05:26 pm
January 6th, 2007 at 05:48 pm 1168105704
Another big step is that both of you are in agreement. It has really helped in this household when we started working together.
January 6th, 2007 at 08:22 pm 1168114960
They should be the last thing to worry about when it comes to geting on your feet, financially. House, food, utilities, transportation are the essentials.
It is great that DH is on board. You can make more progress in tandem, than going it alone.
Good luck, and keep up the momentum.
January 6th, 2007 at 08:25 pm 1168115109
Thanks for the suggestions.