| I'm updating this thread a bit.
Presently, I am down to around 28k debt between a business loan (20k) and a single credit card (8k). I have paid off everything else but this. I've spent the time since I started this thread selling all my needless "toys" and luxury purchases, selling things that I plain just don't need, cancelled my TV months ago, reduced my phone minutes, turned down the house AC... everything to save money.
I listened to the people in this thread, and I just resolved to pay it off and keep my credit and hope to get it to "great" again, in the hopes that when my father's inheritance comes due in 2 years, I will have good enough credit to start using that money to make more money through developing land and investing.
Also, the business loan, it doesn't appear on my personal credit. So really, right now all my credit rating shows is a couple of late payments (from not getting paychecks on time), and one 8k balance on a VISA.
So anyways, I sorta did what people suggested and just started paying stuff down, every time I get extra cash, I just immediately pay it to something.
Also, just to be clear:
- I never intended to voluntarily not pay my debt. I had a month where I had to hold my paychecks and not cash them and fell behind, which is when I started this thread.
- My dad died a year ago and left us his shit, which will be a large sum of assets that become available in 2011. I didn't want to use that to pay off debts, which is why I am paying them down now.
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