Financial Challenges Support Group

This community is for people who are struggling to meet financial obligations of any kind. Financial challenges include everything from the day-to-day challenges of making ends meet to managing credit card debt to bankruptcy. Get support from others who are going through similar obstacles on the road back to financial stability.

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Just curious...

Rivasllene
Rivasllene
I'm just curious to know, how long has your debt been following you around? I withdrew from college in 2006 after my car accident and haven't returned since. I was delinquent on my loans since then. I also have a balance on my account at the university and a credit card balance from that time. It is the bane of my existence, and I have a LOT of stuff I've had to deal with.
Messenger2010
Messenger2010
I had to think about this for awhile... I've been in serious debt twice in my life and both times I got out of it.

The first time was in the 80s to early 90s.... roughly twelve years... looking back at it, it wasn't not a lot of money looking at how far down I went but at the time I wasn't making a lot of money. Anyway, it was about 20,000. The way I got out of it was with getting a divorce and through that we sold the house and got out of debt.

I remained debt free for roughly two years...

Then got back into debt with extensive dental work and it seemed to steam roll from there... I started a new relationship and used a ton of CC's to support my dating habits. We got married and then she got ill. And we really got into debt. By the time it was over we were over $60,000 in the hole. This debt was also roughly 12 years in the making and took me three years to get out of.

Right now, I'm on my second year of being debt free...
billwfriend
billwfriend
I can tell you exactly what those first debts were for....but the date is a bit fuzzy...somewhere around 1988-89....I bought a tandy laptop computer 8088 and I bought swivel recliner that also rocked....I then spiraled out of control even making good money I consider as a teacher...then I moved to Guam in 1994 and went deeper into it....got the student loans paid off on Guam and had personal loans for 2 at $10K each....when came home in 99 I still had that debt....in 2004 I filed BK and it was gone except the masters degree debt in student loans....I sort of still have those...but they are going away and are not on my credit file right now....because I filed a form on disability to remove them....that is roughly $77K right now....and some credit card debt too...along with new medical debt from Jan-feb and march with kidney stones....I am deep in shit....so I would say it has very much followed me since the laptop and recliner in 88-89....
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