Fishy

My ex-husband and I divorced last year and he took about 40k in credit card debt from a failed business he had that he immediately defaulted on. Unfortunately, I forgot that I had cosigned on one of those loans and it hit my credit earlier this month. My score dropped from 744 to 598 when the loan showed up as "charged off" (it was for like $1100), prior to this, it had never reported to my credit report. Everything else on my credit is fine, I continue to pay my credit card, mortgage, student loans, and this is my first negative mark. I realize this might be on my credit for up to 7 years, but how long might it take for my score to go back up to a more acceptable range if I keep paying on the rest of my debt as agreed? I know I'm probably not going to be able to get rid of it and it's my fault for not remembering that I co-signed.....but it happens I guess.

Thank you Frank. Your idea of taking the extra payments and putting it toward the car is actually not a bad idea, and something I might consider. I'd just love to get rid of that extra $250 a month and have it freed up for other things. Also, thank you again to everyone else for your words of encouragement and advice. I might stick around here for awhile ;o)

$242/month at 5.49%. It will be paid off sometime around the end of this year. It was at $3000, but I had some extra money and put $500 more down on it yesterday. I will also add that although this car loan is nearly paid off, there is the possibility that we will end up needing to replace our other car. Both my husband and I commute, I have a fuel efficient newer car and he has one that gets about 15mpg (1995 Jeep Grand Cherokee with 120k miles). Right now, I think we may just drive it until it's dead because I think the savings in not having a car payment will be more than the savings we'd make in gas, but I need to do some more calculations. However, if/when we do replace it, I'd like to just buy a reliable cheaper used car with a lighter payment.

Thank you tiggerlgh. I know it seems silly, but sometimes I think I need to be reminded of the obvious, that this debt will not go away overnight. I tend to be an overly anxious person and always jump to the worst conclusions. I had a feeling that we probably wouldn't qualify for bankruptcy anyway, but to hear that be confirmed is also helpful. Since I've never been in this situation before, it's hard for me to know if we're just postponing the inevitable or if we're on an okay track in attempting to pay off the debt.

$242/month at 5.49%. It will be paid off sometime around the end of this year. It was at $3000, but I had some extra money and put $500 more down on it yesterday.

I've been around this site before, but it's been several years. My husband and I are in quite the pickle and I need some advice or maybe just some reassurance. My husband and I bought a restaurant in 2004. Long story short, it started out doing really well and then crashed with the economy. We sold it in 2010 but lost A LOT of money. My husband ended up with significant credit card debt ($40k) as a result and it took him 9 months to find a new job. I just graduated from nursing school (RN) in 2010 and was unable to get enough student loans throughout school to completely pay our living expenses (which aren't extravagant by any means) so I ended up with 20k credit card debt. So, here's where we stand: Combined income: About $77,000/year Total credit card/line of credit debt: About $60,000 (me: $20k (8.9% interest), him: $40k (varying interest rates, mostly around 10%) Total student loan debt: About $60,000 (all mine, from two B.S. degrees and one AAS degree), husband has no student loan debt Car Loan: $2,500 Mortgage: I think we owe around $124,000 on a condo that is now worth about $100,000 Savings: 0 Retirement: (we're 33 and 36) I think 10k combined Our original plan when we sold the restaurant was to suck it up and pay the debt. We've NEVER been late on a payment and we both are currently able to pay extra toward the debt. We're not living paycheck to paycheck, but obviously don't have a ton of money left over each month either. My husband's latest FICO score is 719, the last time I checked mine, I think it was around 725. With no savings and virtually no retirement, are we fighting a losing battle here? I've created debt snowballs for us both, and if all goes as planned, we should have the debt paid off in 5-7 years (ETA: I'm talking about the credit card debt, I'm not really focusing on the student loans right now). BUT, it also scares me that we have no savings and virtually no retirement.....sure we're still young, but we're not getting any younger! I just don't know what to do. I really don't want to file bankruptcy, but the option would free up a lot more money to save. Even still, given our income vs debt (I know student loan debt isn't able to be discharged), I'm not sure we'd even qualify and we're fully capable of paying the debt right now. We've already done what we can as far as negotiating lower interest rates and consolidating debt. Sorry for the rambling post. I just feel so lost and depressed sometimes about our situation. I don't know if I just need reassurance that we CAN do this and it's not the end of the world, or if there's more I can do that I need advice on. Anyone?

The IRS lied to me and I ain't complaining! Their online calculator told me DH and I were only going to get $600. $1200 showed up in our account this morning. I'll take it!

I Aveeno lotion. Which one is this campaign for? I use the 24 hr moisture one w/Lavendar. I also use the baby aveeno. They are both great . It's for Aveeno Daily Moisturizing Lotion with SPF 15 I got the lifting and firming. Are they trying to tell me something?

I Aveeno lotion. Which one is this campaign for? I use the 24 hr moisture one w/Lavendar. I also use the baby aveeno. They are both great . It's for Aveeno Daily Moisturizing Lotion with SPF 15

So sorry to hear about your riding buddy . Riding is definitely full of risks. Eight years ago my husband flipped his quad, it landed on top of him and he was lucky enough to walk away with just a concussion (he did have a helmet on...he never ever ever rides without one). He still has chronic neck problems....but it's better than the alternative. I still worry about him when he takes it out. I also met a patient not long ago who is a paraplegic because of the exact same scenario...flipped his quad, it landed on top of him and damaged his spinal cord.

I don't have adult children, but I am an adult child . I always at least call my mom and/or send her a card. She doesn't expect gifts, just a little acknowledgment. Hell, I put her through 48 hours of labor and a threatened c-section....then 18 more years of parenting fun including the cost of raising me, 11 years of ballet lessons, 4 years of college...etc etc etc. A card and phone call is the least I can do . This year I did call her favorite coffee shop and ordered her a gift certificate. Funny thing was I called them, gave them my mom's name and the girl goes "oh, she was just in here this morning, I'll make sure she gets it tomorrow". Then I called my mom and told her; she was very excited and asked who I talked to. I didn't remember but gave her the time of day I called and she immediately knew "oh, you must have talked to Lisa, she's nice". .....hah....she's in there way too much!

FINALLY! I just got my first campaign invite! It's for Aveeno lotion....gotta start somewhere I guess

What level is your herniation at? I'm assuming it's lumbar?

Your post almost brought tears to my eyes. That's such a fantastic thing you are doing for your fiancee...she is very lucky to have you. You both will be in my thoughts and prayers. Keep us updated!

No words........ And it is against flag rules and regulations: