Six Figure Debt

06
Dec

6 weeks of employment!

Things are rocking along at our jobs, my wife loves being back in the classroom and I certainly don’t mind working in my field. However, the slowdown in the economy has forced us to delay some CC debt repayment so we can invest in our small business.Our Chase CC has approached us with a settlement.  We currently owe $17,000 and they have offered to settle the account for $5,300.  We have accepted and will pay the credit card off with payments of $2,300 and $3,000 in December and January.  It is one less daily call we will have to be stressed about.  The collector was actually very pleasant, understood our situation and made us a better deal than we asked for in the first place.  I’m gaining a little more respect for the CC companies as they appear to understand the current economic plight of most Americans and want to help.Watch the graphs to the right, you will now start to see our debt dissolve quickly.  Things are looking up!

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2 Responses to “6 weeks of employment!”

  1. 1
    444 Says:

    Congratulations on the new jobs. What is the nature of your business? Is it something the two of you can work on outside of regular job hours?

  2. 2
    Bad Spender Says:

    Yes, we work it in our spare time, but it can be a full time job once it is grown.

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