Lost in Debt

Alive and Well

lostindebt@yahoo.com (A 50 Year Old Woman) — Sun, 21 Feb 2010 02:59:36 PST

It has been a long time since I have written; almost a year. I have still been struggling with my finances but my head is above the water. The housing market has been picking up the last few weeks and I'm in hopes that things are changing for the better. I got more loan applications...

Vacation

lostindebt@yahoo.com (A 50 Year Old Woman) — Mon, 20 Apr 2009 03:35:12 PST

Well it has been two years since I have been able to afford to fly anywhere. The winds are apparently in my favor right now. I heard from my sister who has a client that has offered the use of her condo and car for my DH and myself, all free and on the beach, so we are off on vacation...

Tax Time

lostindebt@yahoo.com (A 50 Year Old Woman) — Tue, 10 Mar 2009 23:13:19 PST

So I finally go to the accountant, we go over my tax situation. In adding up my 1099C-s my actual savings (also called income) in negotiating my credit card debt was $78,400. We added up my assets at the time of settlement and subtracted my liabilities and my insolvent position was...

Finances and Taxes

lostindebt@yahoo.com (A 50 Year Old Woman) — Mon, 23 Feb 2009 07:30:52 PST

So I have come to the time to start thinking about filing my taxes. I have received all my 1099C's for the credit card debt and the credit card companies did not date the 1099's the day of settlement. This affects everything because the IRS says your point of settlement is the date...

What has been Happening?

lostindebt@yahoo.com (A 50 Year Old Woman) — Mon, 01 Dec 2008 04:41:56 PST

As my readers know, in September I was laid off by a large national lender that I had worked for for almost 10 years. I felt it coming and had accepted another job with another lender the day before I was laid off, so I was feeling really good about following my intuition and looking...

Getting Ready for Winter

lostindebt@yahoo.com (A 50 Year Old Woman) — Tue, 28 Oct 2008 03:59:13 PST

I'm glad to see that oil prices are dropping, but the DH and I took some extra steps to cut fuel consumption this long, cold winter. The first step was buying a wood pellet stove in August when they had sales and we were able to get a stove for $1,500. We also ordered pellets and...

Closed on the house..

lostindebt@yahoo.com (A 50 Year Old Woman) — Fri, 10 Oct 2008 07:30:39 PST

So I closed on the house finally, it was a nightmare closing with a two hour notice and then there is a probably with the title and I closed two weeks ago and my money is still in escrow and the people are living in my house. Don't even ask, it only happens to me.

So we have moved...

Lost my job, but saw it coming ....

lostindebt@yahoo.com (A 50 Year Old Woman) — Thu, 04 Sep 2008 01:51:34 PST

About two weeks ago I started reading info on the company I work for and saw they were in huge financial distress. I decided that I should start job searching and had an interview with a top mortgage company in the country and was offered a position. On Tuesday I accepted the job...

Contract on the House

lostindebt@yahoo.com (A 50 Year Old Woman) — Sun, 17 Aug 2008 14:10:52 PST

This has been an amazing 10 days. I sold a diamond ring for $1000, I sold my used car after it was in an accident and I made $6,900 with the insurance check, I sold my second vehicle, which needed about $3,000 work, to an auction service and lost $800 on what I owed, but it beats...

Showing the House ...

lostindebt@yahoo.com (A 50 Year Old Woman) — Tue, 05 Aug 2008 03:28:57 PST

So my house is on the market now; I had one tire kicker show up at one of my yard sales and he just had to see the house and got me all excited and was never to be heard of again. So I put my house out there and I've been waiting patiently and I received an email from someone interested...

Real Estate Market Slow Down

lostindebt@yahoo.com (A 50 Year Old Woman) — Wed, 16 Jul 2008 03:09:20 PST

I've been in the housing market for 22 years. This year was the worst July in sales I have ever seen. I'm starting to wonder what I should do; I still make more money than I'd make in a factory or flipping burgers and I get the convenience of working out of my home. However, I'm...

I fixed my own car ...

lostindebt@yahoo.com (A 50 Year Old Woman) — Fri, 04 Jul 2008 08:47:17 PST

My car is 8 years old, it is starting to have some problems, one of them being rust around the wheel well. I took the car to a auto body shop and asked how much to fix the wheel wells. The guy tells me he can't just fix the wheel wells he will have to paint the entire side of the...

It is Finally Over ... or is it?

lostindebt@yahoo.com (A 50 Year Old Woman) — Wed, 02 Jul 2008 03:46:42 PST

The debt settlement chapter of my life is finally over. I have managed to bring all my debts current and settled a massive amount of credit card debt. Now my credit will start to rebound and maybe after a year or two, I will be considered credit worthy again. I've seen this with...

What to do Payment Plan/Debt Settlement?

lostindebt@yahoo.com (A 50 Year Old Woman) — Tue, 01 Jul 2008 02:55:34 PST

I am down to may last creditor and I am also down to the last money I have. I have approximately $4,000 that was given to me to use for debt settlement. My last creditor wants $4,100 right now to settle my final debt. This is my dilemnia; I only have $4,000 right now, my clutch...

Run Away Car with No Driver

lostindebt@yahoo.com (A 50 Year Old Woman) — Mon, 30 Jun 2008 04:09:34 PST

This weekend my DH and I are invited to a party. The house we were invited to sits at the top of a very long steep driveway. All the time my DH is driving up the hill he is telling me horror stories that occurred through the years on that road and people who have gone off it; especially...

Should I use a Realtor?

lostindebt@yahoo.com (A 50 Year Old Woman) — Sat, 21 Jun 2008 03:46:56 PST

My house is for sale, I put a sign out front and listed it on Craig's List a few weeks ago. I checked with my local paper and it is $19.50 to run an ad on Saturday with a picture of the house; I thought that was cheap. I thought I would try this for a month and see what happens....

Negotiating Debt

lostindebt@yahoo.com (A 50 Year Old Woman) — Wed, 04 Jun 2008 04:22:13 PST

This has been a journey and for the last six months,it has been a living hell. I had never had a credit issue in over 20 years and then the housing market crashes and like thousands of people; we have found ourselves in a personal finance dilemna. What to do and how to handle it?

There...

Another Settlement; what to do about the car?

lostindebt@yahoo.com (A 50 Year Old Woman) — Sun, 01 Jun 2008 15:48:03 PST

I just settled another credit card and tomorrow I'm suppose to finish the next one. These cards are both with the same company and have been very hard to deal with. After I have them both "settled" I will share this experience. I did settle with them on one card before chargeoff,...

The nightmare is almost over ...

lostindebt@yahoo.com (A 50 Year Old Woman) — Sat, 10 May 2008 05:42:01 PST

It has been months of sleepless nights; worrying about how I was going to get out of the enormous amount of debt that I'm in. Well miracles do occur and this week Chase settled a $20,000 debt with me at 45%. They were very nice to me through this process and would just make calls...

Another Credit Card Settled

lostindebt@yahoo.com (A 50 Year Old Woman) — Fri, 02 May 2008 04:38:14 PST

As you all know I'm in a lot of credit card debt and my income in the housing market, crashed. Since last October I've been trying to come up with money to settle my credit card debt. My first creditor, BOA, I had a balance of $59900 and they settled for $23,000 early on, which was...