Discharged! Finally....

[drew999999]

After 4 long years, we're finally discharged. Thinking back to the agony of deciding what to do with our mountain of debt, buckling down and filing was one of the best things we could have done. My wife and I had a lot of expenses that we racked up on our credit cards and actually had a 3-4 year plan in place to pay off the total balances of our cards. Then 2009 came about and our 4-6% APR cards suddenly became 30-35% cards out of nowhere. No late payments, never paid less than twice the minimum monthly payments, but BAM! new interest rates. Our new minimums became more than we could afford. We ended up in a 100% payback for all claims and kept the mortgage, school loans, and auto loans outside of the plan. Its been a long road getting to the end, and there's been plenty of bumps in the road, but glad we did it. We paid off both autos during the plan and decided now to take the payments that we were sending the trustee and apply them toward school loans. Looking to have them paid off by the end of the year. I can finally breathe again.

[spidge]

Good for you and it sounds like you are determined to be debt free.

Gives us others hope.

Thanks

[drew999999]

Good for you and it sounds like you are determined to be debt free.

Gives us others hope.

Thanks

Thanks Spidge. We're trying to hit that mark someday. We had times during the plan that we didn't think we'd get through it, and at times it seemed that time stood still, then other times it flew by. Its like running a marathon, it takes forever, but you eventually get to the finish line.

[sophieanne]

Congratulations Drew and wife....i am so happy for you both. Now a new life begins. Enjoy!!!!

[dmc-2008]

I agree! Sometimes like time stands still! Painful at times! Congrats to you and wife! So jealous! ;-)

[AngelinaCat]

Hi Drew: CONGRATULATIONS!!!! When one can put a CH13 behind and go on with living, this is the best news of all. Here you go:

http://www.youtube.com/watch?v=f9aA_fba_To

Please consider sticking around and helping the newbies that join almost every day.

Thanks!!!

[pamkev]

[BNKRPTinNC]

Welcome to the club! Breathing is a good thing.

[LadyInTheRed]

Congratulations!! On the discharge and the wise decision to get the student loans paid off.

I wonder how many bankruptcies could be avoided if the banks would simply lower interest rates to make payments more manageable. I asked and they refused. Now they are getting less than 1%. They did me a favor!

[drew999999]

Congratulations!! On the discharge and the wise decision to get the student loans paid off.

I wonder how many bankruptcies could be avoided if the banks would simply lower interest rates to make payments more manageable. I asked and they refused. Now they are getting less than 1%. They did me a favor!

I begged and pleaded, but got the same response that they gave you. The crazy part is that even with a 100% payback, they ALL sold off the debt and ended up with pennies on the dollar.

[dmc-2008]

The banks are evil!