Are You In Debt With No Way Out?
By powermannx
@powermannx (450)
United States
January 15, 2010 12:38pm CST
Many Americans are in debt to no fault of their own, and many are in debt due to bad decisions. If you had to do it all over again what would you do different to secure better credit and a better life?
3 responses
@RAVENBLADE0842 (493)
• United States
15 Jan 10
I am in fact up to my eyeballs in debt. For me though it has very little to do with poor financial decisions. Although, like everyone I do have a few of those most of my debt is from enormous medical bills I have been unable to pay off. This year is kind of a make it or break it year for me. I am facing having to go on long term disability for a source of income, but the process of being approved takes 3-5 months on average. When I am approved however I will get a fairly large first payment because it will be back dated to my initial disability date of july of 2008. This will enable me to pay off a large chunck of those bills and pay back family who have helped me financially over the last 4-5 months. Once that is settled and my up coming surgery is finally scheduled and I am recovered from that I will be going back to school to finish my degree, and as soon as possible get off of disability. Like I said this is a make it or break it kind of year for me, but there is light at the end of the tunnel
1 person likes this
@powermannx (450)
• United States
15 Jan 10
Indeed I feel your pain, medical bill can pile up so fast, this is also a make it or brake it year for me also, I hope that everything goes well for you in 2010.
@ronnyb (6113)
• Jamaica
15 Jan 10
Yes I am in credit card debt to my neck.Currently I have two credit card that I am paying for and it takes away on third of my salary .In additon to that I have anothe debt from an item I took out on hire purchase and that takes another one sixth of my salary .Added to that are utility bills and thats another one sixth of my salary
1 person likes this
@powermannx (450)
• United States
15 Jan 10
Credit cards have been the lesser evil of what most people have been dealing with in the last five to eight years, hopefully this will be a prosperous year for me and you.
@emarie (5442)
• United States
15 Jan 10
i'm in debt, no money for rent and my car may be taken away. worse of all, i have 2 small kids to take care of well. my problems started with my husband getting fired twice and then having a whole bunch medical problems. if i had to do it again, then i'd just watch some of the decisions i've made.
@powermannx (450)
• United States
15 Jan 10
Thank you for leaving your comment on this post. It seems to me there are more people out of work, looking for work than jobs for people needing work. I wish that mylot would pay for page views, this would give their community a chance to make more money.