Crawling Up Outta Debt

Hi, my name is Veronica Hilbring and I’m in Debt. Ugh.

Not a whole lot of debt. But enough where I can’t even get a charge card at JCPenney. No seriously, they denied me. They weren’t the only store to deny me either. I was denied by Express, and Chase as well. After the rejection wore off, I took a step back & said “Damn is my credit really that bad?”

Indeed it was.
Luckily for me, I don’t have any credit card debt. Before I got to college, my uncle told me to avoid applying for any credit cards.  I’m glad I listened. One of my friends went into serious debt behind those Victoria’s Secrets and Old Navy charge cards.  

The issue of my debt stems from medical bills. I had some bills that I acquired while I was in college that I didn’t pay. I really didn’t care about those bills at that time. The bulk of the bills were acquired after I graduated and didn’t have any health insurance.

The bills continued to pile up. But unbeknownst to me, I could have easily resolved each situation by simply contacting the institutions and working out a payment plan. Most hospitals and doctors offer some type of financial assistance that can drastically reduce your bill. I had one bill from a hospital was $697. I was about to get the bill reduced to $200 and then I promptly set up a payment plan that I could afford.

I am currently on a few payment plans. Thankfully, I don’t have a huge mountain of debt. I’m even more thankful that I have a career where I am able to actual work on eradicating my debt.

Now those student loans are a whole ‘nother subject. It’ll be a while before that debt is paid.

But for now, I can rest assure knowing that I’m getting my shit together.

If you’re trying to get your credit together, request a free copy of your credit report from annualcreditreport.com. You don’t need anyone’s help to repair your credit. Simply request your credit report, contact your creditors, and negotiate a payment plan.

Watch some of Suze Orman’s talks on YouTube. I watched her speeches to Google and LinkedIn and I learned so much. I even bought her book, The Young, Fabulous and Broke. She has tips in her book about everything from managing your 401K to saving for retirement.

Try to budget your money on mint.com. They can track where every dollar of your money is spent. Believe me, you’ll change your habits once you’ve realized that you spent $300 eating out last month.

If debt has taken over your life, there is a way out. Don’t panic. By taking the appropriate steps, you’ll find your way out of debt in no time.

Balancing my Budget,
Veronica

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