Log in

No account? Create an account

Previous Entry | Next Entry

Paying It Back

A while ago I got a bonus to stick it out at my job; things were looking tenuous and they didn't want people to all bail. The company's fortunes were supposed to have been sorted out by the time we got paid the bonus; but that didn't come to pass. So, with the prospect of potentially being laid off in the future, I sat on the bonus, other than a few things necessary and/or fun. But yesterday all that came to pass was done, and when the dust settled I still have a job. It's a little weird and chaotic, but it's a big, stable company and they assure us we're okay for the long haul.

So I finally did what I'd been saving that bonus for - paid back every little bit of debt that I had. I called up American Education Services and asked them what the payoff amount for my student loans were. I got the pittance I owed on credit cards taken care of, sent a check off for something else that had been lingering. I had one credit card that had such usurious rates that despite sending them a lot of money every month, the principle was barely ever touched. So I called the company to get the final amount and send it off - done. Except...my account had been sold off to some other company, apparently. Mind you, I hadn't heard about this, and I'd been sending money to the bank for a long time. So I called the number they referred me to.... and got a phone sex line! Well, actually it was a shill for a phone sex line; "Call hot singles at 1-800-blah right now!" and then it hung up.

Now that's just weird. So now I'm wondering if maybe that debt hadn't been settled a while ago, and I've been sending the money for nothing! It would be mighty nice to get some money back, that's for sure. As soon as all the payments post, I'll call the bank back and cancel the card - I only had two, and the one has such rotten customer service and predatory policies that I don't want to do business for a single day longer than necessary. Unfortunately, one of their predatory policies is that they charge you a $30 a month "processing fee" if you still owe on a balance and cancel the account. Whatever, just details.

So, I left two month's rent in the bank, and paid back just about everything. Other than rent and a car payment, I'm now and free and clear. What's this weird feeling I'm having?


( 8 comments — Leave a comment )
Aug. 17th, 2007 12:22 am (UTC)
Congrats, man! That is awesome!

Aug. 17th, 2007 01:20 am (UTC)

My payoff amounts total 741,000.

I hope I get a really really big bonus soon!
Aug. 17th, 2007 01:21 am (UTC)
What the hell kind of education costs 3/4 million dollars, eh?
Aug. 17th, 2007 11:12 am (UTC)

Gives a totally new association to 'Payback day' too. I always thought that was something involving bad action movies and not money :)
Aug. 17th, 2007 01:43 pm (UTC)
I think the weird feeling you are getting is called "the security of being out of debt" it is a concept I have only experienced once for a few days between selling my old house and buying a more expensive one. Even though the money I made on the sale was promised to the new house and I was going to make a larger debt, I felt rich!

BTW If I were you I would get a credit report now, you are entitled to a free one every year from all 3 of the credit reporting companies. Make sure all the information is correct and if not get it corrected ASAP.
Aug. 17th, 2007 02:45 pm (UTC)
Yeah, going through the report and removing what I can is next on my list. The ultimate aim is to have the money and credit to buy a house or condo. Probably a condo, given SoCal's ridiculous real estate market.
Aug. 17th, 2007 03:32 pm (UTC)
Congrats! Isn't it a great feeling? I haven't been truly debt free since we started our business, but I remember the feeling when we were both working for another company. It sure helps a person sleep at night. Sleep... I remember that too. *sigh*
Aug. 18th, 2007 12:13 pm (UTC)
Good for you! That must feel great. I've been in that place, then bought a house, and left that good debt free place so fast that I only vaguely remember what it felt like to be there. :)

Also, glad to hear that the shake-up at your company seems to have settled down in your favor.
( 8 comments — Leave a comment )


monkey pirate
Rum, Sodomy, and the Lash: Pick Two
My Yelp Reviews.

Latest Month

June 2018
Powered by LiveJournal.com
Designed by Paulina Bozek