I'm still saving for my Debt Settlement and the creditors are still calling. I borrowed $28,000 from my 401k plan and I'm getting back a tax refund of $6,500 plus $900 from the stimulus package. I still have a car to sell and hope to get at least $6,000. My car is going into the garage to be repaired and the owner of the garage is also a car dealer and he said he would sell the car for me and charge a $500 commission. The car is a 99 BMW Convertible and I had a new roof put on it last year, they didn't put a new rubber on the roof and it leaked and rotted my passenger leather seat. So I need a new seat cover and need a new rubber in the new roof before I can sell it. Otherwise, the car is fully restored with new paint and etc., should be a good buy for someone and hopefully it will sell.

So if the car sells the total savings would be $41,400. If I do not sell the car I will only have $35,400. I had hoped I could save additional funds, but so far I have not had any luck putting extra money away because my income is still too low.

The total credit card debts I have left are about $75,000 with the interest and late charges. Even if I could settle at 50% ($37,500), I'm short without selling the car. I'm still hopeful I can do this. The creditors are telling me that I am not eligible yet, which leads me to believe I have to wait possibly to 120 to 180 days before they will settle. Most of the creditors have been very nice and understanding; everyone but Discover who calls six times a day and they are so rude when I talk to them. They are now acting differently though, the other day the guy was very short with me and I just told him my only option would be to settle and I'm waiting until I'm eligible. He said, "okay, good bye". Made me think that they do have a time frame and I'm not there yet.

Regarding the housing market, the month of February was the worst month I have had in the last 8 months. The interest rates went up and housing sales are down. I sure hope this turns around soon; as it is, it looks like I may have to pay my mortgage payments out of my debt settlement money because I didn't earn enough money this month to make the mortgages.

Overall, I have some positive days and then I have the bad days. I think that once I settle with another creditor, maybe I will feel that their is a light at the end of this tunnel. Until then I'm reading every positive book I can find and I'm not saying "I think I can", I'm saying, "I know I can".