I am an impulsive gemini with very bad credit and my spending habits used to be horrible (getting better though) and as much as I hate to admit it, and wonder if it's a bad place to post this, I need some hardcore advice.
It seems as though a lot of girls on here are good with paying their taxes and saving their money, stocking it away and investing it. Boy, that is the farthest thing from how I am. And I really wish that weren't true.
I have avoided jobs that aren't 'under the table' because I don't want student loan creditors garnishing my wages. I have no idea how to file taxes for myself. I know I should have a DBA and an accountant, but I have procrastinated for far too long. Now I just feel trapped.
My credit is also pretty much in the garbage. Last I checked (about 2 years ago), my fico score was about 500. I have student loan debts, credit card debt, 2 unpaid cell phone bills, medical bills, etc etc...if it weren't for my aunt, I would have defaulted on a car lease as well.
Because of this, and my inability to produce tax forms or pay stubs, I recently had to purchase a vehicle for WAY above BB value because the company does their own financing (you know, one of those places that take you no matter what your credit is). I am stuck paying $400 a month until 2010. They gave me a really good sales pitch and I absolutely needed a new car because mine was about to fall apart. I made an impulsive decision and I don't know how to get out of it.
My aunt thinks I should just turn the car back in, because I can't strip for several more months and I'm currently unemployed, and so I can save that money every month for my baby and have my boyfriend buy a car instead, but I don't want to rely on him in case anything happens between us and I don't want to ruin my credit even further. I just don't think I can afford the car right now, or even if I should keep it until the payments are supposed to be finished. It's already having some odd mechanical noises but I am JUST past the warranty! If I had known I was pregnant at the time, I never would have signed the contract.
The only thing I think I can hope for is that the student loan/credit card/cell phone debts on my credit history will be wiped out in a few years (due to statute of limitations laws since I accrued the debt in NYS). I might be misinformed about that.
I want to do the right thing from now on. I want to fix everything that I did to myself financially, and start building some solid foundation for my baby. I hate hearing my phone ring, because it's usually a creditor. Maybe I should just file for bankruptcy? Does anyone have any idea how I should go about getting back on my feet and stop screwing myself over?
Also, is it hard to find an 'adult friendly' accountant? How much do their services cost usually?


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Please do not take it that way.. but, do not make your child pay for your mistakes.. credit is a necessary anymore, you need an education to provide for your child, and you need to also be able to stand on your own two feet in the event your boyfriend changes his mind (and I sincerely hope that he stays and is with you a long time.)

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