About nine months ago, I decided that I was tired of feeling the pinch of too much debt and not enough income to buffer. It was at that time that I understood that I needed to do something about my situation. I consulted a bankruptcy attorney, looked into debt consolidation programs, and asked for advice from people I trusted. At the end of the day, bankruptcy and any sort of debt alleviation program just didn't feel right to me. Number one, I didn't want to deal with ruining my credit for 7+ years; and number two, I didn't want to just turn around, walk away, and forget that I had ever accrued any debt. It didn't seem like a good idea not to pay back debt that I had irresponsibly racked up on my own.
One of the main societal issues that I pride myself on being against is people who abuse the welfare system. Now that I think about it, what is the difference between abusing the welfare system and filing bankruptcy? Not a whole lot in my eyes. (Ok, Ok... let's put aside the fact that welfare fraud is a crime). Either way, I am either taking money that I don't rightfully deserve, or even worse - taking money that isn't mine and refusing to pay it back. Both are not an honest or responsible way to live.
In this blog, I plan to do what many people would never dream of doing. I plan to chronicle my struggles with debt and the process of paying it off. I will disclose every credit card I have, how much debt, what the interest rate is, and how much money I have to put toward it. This is a vulnerable thing for anyone to do, but I know that although people pretend otherwise, many others are in the same boat as I am. My hope is that I can inspire those who may also share this struggle.
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