So I was all set to buy a car…. TONIGHT! But then I changed my mind. I had the car picked out & delivered too, which hurts.
But here’s the thing. I fell into the stupidity financial trap as many early 20 somethings did- and ruined my credit 6-7 years ago. Well, like I said, I was all set to go pick up the car tonight, but changed my mind. See, because of my poor credit HISTORY (only 2 more years before it all falls off my credit report!!!!!!) my interest rate was going to be crazy high! My monthly payments were going to be $100 more than I planned on cuz of insane interest added on. There was one company that pulled up on my credit report as not having been paid off, so I called them and paid that tonight over the phone… then I remembered 3 others that had sent me bills many many years ago, but I hadn’t ever paid them up cuz I was always poor… so I called them up too and paid them! You should have seen me! I came home, sat down at the counter with my debit card, yellow pages & cell phone and called all over finding #’s of places I knew I had an outstanding balance.
Here’s the funny thing, I am sooo blessed! I have a good job now with good pay. I lived on sooo little for sooo long when I moved here, that back when these bills were created I thought $50 was the most astronomical amount to pay.. cuz I just didn’t have it! Now, I’m calling these places that I had been hiding from for 5-7 years and they’re telling me my past due balances of $88, $91, $300+ and even one for $860+ and I’m thinking… Oh! That’s no problem! The $300 & $860 I’m going to call Monday (they were closed early today) and try to negotiate for a lower pay off price… then just pay it!
I’m sooo flippin’ excited right now! I don’t even care that I can’t get a new car for several months now until I save up another down payment. I finally feel like an adult and like the weight of this burden I’ve been carrying, this figuritive black cloud over my head, is lifting! I think it’s great that I saved so much for my car, which totally revamped my finances/budget/saving habits and now I’m using it to clear away my past!
I really can’t describe how amazing it feels to pay off a bill that has been looming over me for years. I was soo lazy! Sometimes I would just not pay it out of laziness. But that was then. Now, I pretty much do everything online.
So now, I’ll pay everthing off but my last college loan and when I save up money the next few months and walk into that dealership again, I can do it with my head held high knowing that most of my credit has been taken care of. I won’t show anything being owed to a creditor, I’ll show good steady payments on recurring accounts like my auto ins, cell phone & student loan… which will be the only debt I have. Hmmm… No debt. I’m liking the sound of that so much that it’s making think I should just drop some cash on my car for a good tune up and drive it into the ground. THEN, if I’ve been saving as well as I have been, I’ll have like 1/2 the car payment put away and I’ll be able to buy an even newer car for 1/2 the payments. DANG! This is great!
Funny the way this worked out, huh? I started saving for a new car, and ended up NOT getting the car, but correcting the root of my financial problems with that money instead. Crazy. I LOVE IT!