debt....how does it make you feel?

zeddy_2

Hi,

It has been so interesting reading about how other people are dealing with their own debt and what is comforting to know is how people are getting themselves out of debt - there is a way out for us all!

For me, being in debt has completly taken over my whole life. I have found it all consuming at times and have cried and worried myself to sleep on many many occasions. I realise that we don't owe as much money as some other people might, but compared to other people we are also much more in debt too. However, recently - since my boyfriend really has accepted that we have a problem and we have made plans I have been able to feel a lot more positive about it all. Now we have a plan of how we will be paying off our debts and a realistic target date that hopefully we will be able to meet.

I think in general I just feel furious with myself for getting in this position in the first place. How did I let this happen and what's it for? But we have learnt our lesson (which is a good thing) and understand that we will one day be free of the chain that ties us down and that's what gives us the strength to keep going.

Good luck to everyone in debt, becuase it isn't a nice feeling, but it is one that we can all sort out eventually. (Being an impatient person, it's that word eventually that I hate so much)!

JAMIEDODGER

being in debt (nearly 8K) makes me nervous. ive now had my lightbulb moment and once this is paid off i will never be getting into debt again. majority of it was incurred getting a car loan after my sons disability mobility was turned down (i am now appealing this). i hate not being able to give my kids treats when i want to. but they are good and never ask me for any bless em.

i am looking on getting debtfree as a challenge instead of letting it upset me. i will win!!

ThickWithCash

Make's me feel sickly and very trapped , yesterday was wake up day realised I owe £21,000.00 on my credit cards and don't know quite where to start sorting them out.
so today am on here and more baffled which way to go than ever.
Will keep you posted, but i suppose admitting it is a start. :eek:

JAMIEDODGER

hey TWC - the best way to start is by posting a statement of affairs, a list of incommings and outgoings, debts with aprs and balances. then we can go from there....hugs and well done for your first post, youve done the hardest part!

ThickWithCash

will do , will list them with all the relivant apr's and stuff and then work out how to add on end of posts like yours and GO 4 IT !!
Debt free one day, and you will all see it here 1st

JAMIEDODGER

go to top of page click on user cp, then edit signature and there you go!

ozzyfan_2

ozzyfan wrote:

I am waiting an appointment with CCCS in February as I have debts of £21000 & it is absolutely devastating. Its all I have been able to think about for years in every waking moment, last night I was in floods of tears. I wish I could not worry about it but it has taken over my life to an unhealthy extent.
I have nothing to show for the debt it has been through taking out consolidation loans just to pay the bills & feed & clothe my family there are 5 of us & all my adult life I have been on a low wage in an expensive part of the country to live.
I know I could have done better with my budgeting in the past & now I am angry & totally disappionted in myself.
I wish the black cloud over my head would lift & the sun would come out again.

I have just re read my post & thought I'd update to hopefully help others who have just maybe had their lightbulb moment & are feeling the way I did the day I wrote it.

so that was then, this is now!

Its amazing what difference a few days makes. I am now starting to feel positive again & can even put exclaimation marks in my post!!!
I'm on top of the paperwork for CCCS & know there's nothing more I can do, I am even feeling proud that I have tackled my debt & realise that although I have regrets looking back will do nothing, looking forward is the way to go!
I am starting to feel strong again & to anyone else who is feeling desperate, I would just say hang on in there, things can only get better from now on

ozzyfan xx

Thefunkygibbons

This thread is in the weekly email

Best we improve our grammer, methinks

JAMIEDODGER

well done ceegee!!!!!

Warriorsith

Hi

I used to feel really bad to be in debt, I know my debts once totaled over 10k and at times even though my debts are less than 6k I still can get a bit down as I think to myself of where I could be in my life if I didn't have the debt, I get annoyed when I see the defaults on 4 agreements when I get an online credit report from Equifax or Experian but I realise that they'll have gone by 2010 and by then I'll be having savings etc and only one major debt of having a mortgage.

But I began to sort myself out and with a bit of thinking and using my own Budget Planner I set up on my Spreadsheet I can workout out which debts need to be repaid 1st and any extra money I earn I place towards reducing the overdebt. I will hopefully clear one debt of £142 by Mid Feb, a 2nd Debt of £595 by Sept, 2 Credit Cards ASAP (possibly Christmas 2006) just totalling £500 and the two defaulted loans I have of about £4800 will be cleared by start 2008.

I admit that having defaults is at times quite useful as I get rejected on loan applications, if and when I try for them.

But I know where the money needs to be repaid and when I see other peoples debts spiralling way out of control I feel Sorry for them and yet am amzed that they get soooo big. My debts were made when I was 18 years old, the offer of Credit was too tempting at that age and there should be a law to prevent companies hounding you with Credit Offers.

this is my first post and would like to say I enjoy reading other comments left by people esp the tips on how to deal with certain situations.