Just checked my credit report and there are a few things on there that are negative but they are mine.....what happens when i pay these off....and when do they become a not so negative on there...
I have some student loans on their also that are negative but are 90 days past due...I am getting my inheritance on the 15th of july and will catch these up...or should i just snowball these...I owe alot and have not been able to afford it....i know that my student loans are going to affect my credit report for a long time to come and i am wondering if i should just snowball them and get rid of them one by one starting with the smallest one first...just wondering how long does the negative stay on there....i guess what i am saying here is i am prepared and know that my student loans are going to haunt me for along time to come so should i pay the smallest off first and then go to the next or should i try to keep them all current etc...
I know that i was irresponsible for taking out so much etc...I was young and well it was survival etc...now that i am older i am still surviving but need to get these gone.......I am starting to learn...Thanks so much...
I also was behind on student loans, call the people who hold your student loans and asks for maybe hardship and make interest payments, or ask them to consolidate them. Last year I was contacted at work about student loans well I started making $146 a month to get out of default well this past May I came out of default, then I found out about another one, this one was for $3,000 (these people were taking my income tax) I made arrangements and now will be out of default in August 2011
What I am saying is talk to the loan holders and explain to them, they will usually work with you, do not get too far behind like I did, I owe just under $20,000 do to interest on the arriginal amount.
This is very true, I had the same experience. Do not ignore this problem, it will only get worse. I added $10,000 worth of interest to my original loan, after not paying on my student loans, and then being overwhelmed and giving up. They started taking my tax refunds. I had to pay $340 a month to get out of default, over a period of 9 months.
But since you are only 90 days past due, the student loan people will definitely work with you. You may have a lower overall monthly payment if you consolidate them rather than if you leave them all separate and work the Dave Ramsey snowball method.
we don't have much paperwork from the doc except from the time he got done working...we do have that note stating he was unable to do his job...however dh went the docs for awhile but all they kept giving him was narcotics for the pain...after he got done working his blood pressure went down and he didnt need medication for it anymore....so he hasn't been for a while because he didnt feel the need because he didnt want the narcotics....he takes it occasionally if the pain gets really bad but not for every day use like they wanted him to....most days he can get by on aleve....and tylenol.....so not really sure we even have a case but we are working on filling it out and we will see what happens.....thanks for asking....
Don't worry about the Doctor's paperwork becaus SS will send for all the paperwork that they need, after you file SS will send you paperwork that gives them permission to get your Doctors reports. you just need to know about the medications, what doctors, approximately when you visted, and what tests were done.
The inheritance is a gift from heaven. Student loans will NEVER go away unless you become totally disabled. (All other debt drops off in 10 years.)
My suggestion:
1. Make out a monthly budget for all your living expenses, fixed (rent/car/utilities) and variable (food, entertainment, toiletries, etc).
2. Write out the minimum payments on all your debts.
3. What is killing you about your debt payments?
a. Add up all the credit card debts. Can the inheritance check pay all this off?
b. Can you make your student loan payment (plus all living expenses) with the credit cards paid off?
4. If yes to a & b, pay off the credit cards with the inheritance check.
5. If you can't pay off all the credit cards, try to get a forebarence on the student loan for 6 months and you get a second job to pay off the credit cards during this time.
6. Check into another student loan payment plan that starts out with smaller payments and get bigger over time.
7. If you can pay your living expenses plus the student loans, your living situation is fine. You need a little extra for emergencies which should be put into a savings account as soon as you get paid. If you can't pay for living expenses plus student loans, you need to get a roommate or move back in with your parents until you get the student loans paid off.
8. When you have your life under control, cancel all the credit cards except one. You may charge some regularly monthly expenses such as gasoline and pay the thing off in full every month. This will get your credit score back up.
all bills are caught up...yeah! Student loan is giving me a forbearance on past due amount and refiguring my payment based on my income....we don't use credit cards and i paid off the little bills that were on my credit report...so the only thing left on my report are the late payments on the house and the little bills...however it should shortly say paid in full except for the house payment...and of course the student loans...I have been told that once i make on time monthly payments on my student loans for a couple of years i should be set on those and dh is going tuesday to see about disability and we will see what happens with that....starting at the end of august i will be given 40 hours a week and a raise so take home will be roughly 2000.00 plus i do some trading on the side which comes in at roughly 300.00 a month and dh does a few things on the side to and he is going to up that if possible depending on how he feels...he has good days and bad days....i am at work for 10 hours between driving and working...so when i get home i am plain exhausted...dh is good at making supper and doing the laundry and getting the kids ready for school....however i try and trade in the night time giving us some extra money...things are looking up and dh and i have decided also that if we plan on staying in this house then i want to snowball it...I want the mortgage gone before student loans...I dont want to live in fear of losing my home ever ever again.....
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