Thursday, January 22, 2009

Getting my footing...

"Hello, Ms. Xxxxx, your balance is $7,793.80. How are you able to pay this? Just so you know your loan is now in default."

My breath left my body. I thought of many things I could say to him.

"Oh, why yes...let me get my checkbook. Why not make it a full $8,000?"

I shook my head.

"Can I do a payment arrangement?"

"Yes, let's see. He crunched the numbers. We can put you on a rehabilitation plan. If you pay $85 a month, you'll be out of debt in 10 years. After 9 months of consecutive payments, we'll take this off of your credit report and lower your interest rate."

Damn.

"Sign me up..."

I'm just trying to reverse the damage of my youth. I've created similar payment arrangements with a credit card I had when I was 18 and let go to collections.

*shakes head*

10 years???


I wish I could give more but with my pay cut and all my other bills, this is what I can do for now.

*sigh*
Sent via BlackBerry from T-Mobile

5 comments:

Young woman on a journey said...

i feel you girl!

Trish said...

I'm there too!

Laura said...

Don't worry! You got a plan, thats good. You'll be making lots someday and then you'll pay the rest off in like... a month!

Jane said...

Don't worry Nina! I'm 28 and I just finished paying student loans. It is definitely trying but trust me it's worth it...

My loan defaulted...I didn't make payment arrangements... I went from $75 a month scheduled payments to a garnishment of $250 a paycheck every month for 24 months!!! way worst than $85 a month....

Monie said...

Lordy...I definitely feel you. It'll be worth it when it's all paid off...