Oh Crap! – Musings of an Unperfect Mommy

The Fight is Over – We are Out of Debt!!

July 1, 2011

This is really emotional for me because the struggle just to survive for the last 4 years has been incredible. But today, the last payment to the last collection agency rolled through and we are out of debt!! (With the exception of the mortgage)

I started the debt repayment in January of 2010 and did a debt snowball program that I put together. I knew it was going to be hard and we had to put every spare dollar we could into the repayment plan so we could get out. I called all the collectors and made arrangements with them. Two ended up being really nasty, the other was actually fair. Prior to repayment it was a no win situation with trying to make payments to make the creditors happy and never ending up with money to have what we needed.

In August of 2009 I counted the phone rang 30 times in one day and I never took any calls because of the fear it would one of them. Once I made payment arrangements the calls ceased as if by magic. Except for the two nasty ones. One creditor called every month to see if I could make larger payments. After two months of that, I decided to stop taking their calls. The other nasty one called one time to harrass me and I told ’em off and stopped taking their calls too. I only corresponded by mail and kept every last bit of mail they sent. They even stopped sending statements a couple of times. After the last bad call, I surrendered it all to the Lord and He had my back in the situation. Every time I worried I surrendered it again and again.

Last November we hit a really low point and I was wondering if I could continue. I almost caved in – I almost blew it all to bits. I knew it would be foolish though because we were getting so close. I just had to suck it up just a little longer.

Today we are free – free of what had become a real debtor’s prison. Free of not having enough food to eat on payday while waiting for the paycheck to hit the bank. Free of not being able to afford necessities that my family needed.

I have a bottle of Proseco – sparkling white wine – just for the occasion and I am having a glass or two tonight to celebrate our hard work.

Deo Gratias!! Free at last!!

5 comments
Comments

On July 2, 2011 at 12:36 PM, Val said:

That's quite an accomplishment! You deserve to celebrate!

On July 2, 2011 at 12:51 PM, java_queen said:

Thanks!! BTW - recognize the glasses??

On July 2, 2011 at 10:32 PM, dxprog said:

Yeah, I recognize them. They've been sitting up in the cabinet above the plates.
Silly question.
Srsly, though. Congrats!

On July 3, 2011 at 10:06 PM, java_queen said:

Thanks! And you would be right - that's where they sit, but they were a wedding gift too. We should use them more often because they are really lovely.

On July 1, 2015 at 7:46 PM, Oh Crap! – Musings of an Unperfect Mommy said:

[…] that the last payment to the last creditor went through and we were officially out of debt!! Here is the original post from July 1, 2011. I did not think I was going to make it during that year […]

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