WDW_fan_in_TX
Mouseketeer
- Joined
- Jun 16, 2015
I have a list of what dates everything is due, what days we get paid, etc. So I'm able to allocate everything. Just didn't have enough to allocate this week. But I did pay 1 of the 2 cards today (it's due tomorrow). So just 1 late payment hopefully. And I'll be able to take care of that next payday.
As far as the loan, I didn't get a chance to call them today. I will do that at some point in the near future. And yes, I'd like to access better rates (the APR on my car is 26% for example). But right now, we're just trying to stay afloat.
As far as the loan, I didn't get a chance to call them today. I will do that at some point in the near future. And yes, I'd like to access better rates (the APR on my car is 26% for example). But right now, we're just trying to stay afloat.
I know you said that creating a budget wasn't going to be possible at the moment, but creating a diary of what is due when might be a start, at least then you would be able to work out how to allocate any funds you have available and spot pinch points and prioritise making payments to avoid late fees etc. That is a little step in the direction of getting straighter that shouldn't alarm your wife too much.
You aren't going to be able to access better interest rates etc until you get your credit score under control and that isn't going to happen until you have no late payments, defaults or other similar issues.
And definitely make sure you are on top of the "legal loan shark" loan - you don't want to give them any excuse to apply a fee, it feels like they are very good at writing contracts that benefit them HUGELY! In the UK there was a huge backlash against similar companies a few years ago and a number went under when they were prosecuted under unfair contract terms legislation and other similar abuse of power type rules. The unexpected consequence has been a growth in illegal money lenders as some people have found it harder to access legitimate credit. This has led to national awareness campaigns around what a loan shark is and how to report them to the police.