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Posts tagged with: line of credit

My Amazon Debt is GONE!!!

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My Amazon Debt is gone!!!  I moved the payment date up to today. I couldn’t resist. As of today, my Amazon line of credit is GONE! Paid in full.

amazon balance screenshot

Doing a happy dance over here and breathing a deep sigh as I set my sights on my other immediate goals.

New Budget = More Work

I spent a lot of time this weekend working on a new budget since I have voluntarily taken a temporary cut in pay. And I hate to say it, but we cannot maintain our current life without those addition hours or an equal amount of income. I am on the project hunt, applying through Guru.com and reaching out to past and current clients who might have some project work they need done.  I know from past experience I can either get really busy this time of year with one off projects or it will be really dry. Please send up a prayer for me.

New Sport = New Expense

Before I say this, I will admit, I am crazy and obsessed with providing my kids with every opportunity.  I get enough flack for that, so don’t think you have to tell me too (my attempt to stave off the whiplash I believe will come with this news.)  Princess recently tried out for a competitive volleyball team. She made it!  This team costs $1000 for the season. The fee includes all uniforms, tournament fees, training and so on. I reached out to her dad for financial assistance, we will see if he comes through.

Conclusion

I have one less monthly debt payment, and I plan to keep it that way – yeah!!!

I have a larger than manageable gap in my budget due to the cut in my regular 1099 hours.

I have a new substantial bill for the next few months ($300 due this week and then $175 monthly for the next 4 months.)

I’ve got my work cut out for me. And I would love some suggestions, specifically regarding making up the income as I really do not see anywhere I can cut in my budget, although I am still evaluating that.

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My Loan Request Was DENIED!!!

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First thing’s first. Welcome, Amy! I’m so excited to have another blogger up in the mix! I was a reader long before I was a contributor here so I’m super pumped to be able to follow another blogger on their debt journey! Yay!!! I can’t wait to get to “know” Amy as we share this debt-reduction journey together!

(Side Note:  I’ve also seen many people ask about Hope in recent comments. I don’t have any updates, but I’ll send her a quick email today just to pass along our warm thoughts and kind regards. I honestly don’t have any additional information at this time but I wanted to address it because I know lots of have asked about her recently).

I hope all our American readers had a lovely Thanksgiving this past week! It was JUST what I needed! Quiet, low-key, relaxing, etc. We spent a solid 3 days in a row at home (we had friends over for play dates on Friday & Saturday so we weren’t all alone), and it was GLORIOUS to just hang out and relax. This was our first Thanksgiving in a very long time where we were just at home – we didn’t go anywhere and we didn’t have any guests here, either. I used it as an excuse to go super easy for Thanksgiving. We just had meat, 2 sides, and a single dessert. That’s it. I have to admit that I kind of missed not having a ton of Thanksgiving leftovers (my favorite is a thanksgiving sandwich with cranberry sauce, stuffing, and turkey – but we didn’t even do ANY of those foods this year! Our main was ham and our sides were green beans & sweet potato casserole). We did buy a mini (2 lb) butterball turkey that I’ll probably cook sometime this week, but hubs had specifically requested ham for our main meat for Thanksgiving so that’s what we had.

And then I applied for a student loan consolidation….and I was DENIED!!!!!

I couldn’t even believe it.

According to Credit Karma, my credit is in the “excellent” range. They have my credit at a 760 or 785, depending on the site (Equifax & Transunion, respectively).

What possible reason would they have for denying me a line of credit?

An outstanding collection.

That’s what they said. The thing is, I’ve literally only had one “derogatory” mark on my credit in my life. It was from when I was 18 or 19 (nearly 15 years ago now) for not paying for those 10 DVD’s for 1 penny thing (mine was via Columbia House, but surely you’re familiar with those programs – there were several in that time-frame). It was a legitimate debt that I owed and, funny thing is, I even tried to pay for it a few years after-the-fact, but I couldn’t get the creditor to send me a letter stating that the debt would be settled in full after payment, so I never sent the payment. It aged until it fell off my credit and I haven’t even thought about it in years.

According to Credit Karma, I have no derogatory marks/late payments/etc (like I said, due to its age, this one negative mark long-ago fell off my credit report). I’m telling you, I’m kind of a stellar client from a lender’s perspective. I’m conscientious, pay on time, more than the minimum, etc. etc. Plus the lender who denied me also had me link my different bank accounts so they could see that I had lots of assets available (not only from my EF, but also my retirement, and I’m listed as a joint account holder on my Dad’s account, too, so although  I don’t consider his money “mine”, its a lot of additional liquid assets that are mine from a legal perspective since it’s a joint account). Soooo…what the heck? I don’t get it. But that’s that.

So this lender is out. I still have other options, but I was just shocked about this denial. Truly, genuinely shocked.

Have you ever been caught off-guard about an unexpected credit denial?

How did you spend your Thanksgiving holiday? What’s your favorite Thanksgiving food?