Well, as many of you know, we are not doing well financially. We have made some poor choices and are now finally done ignoring them and are actually going to do something about them. We talked to the bank about our car and they said that they will defer (sp?) payments until January and in the meantime we will try to sell the car. They said that it will look better on our credit than turning it in and we will get more money for it than they would. If the car doesn't sell before then, they said that they will defer for longer. After the car does sell and we give them the money, we will be able to pay off the remainder of the loan in smaller increments.
We talked to our cell phone provider and we are going to keep the phone as the contract ends in March, but we just won't use it at all. We got rid of all of the special features on our contract so the bill will be smaller.
We have created a form letter to send to the people that we owe money to explaining our circumstances and telling them our plans to pay them off.
This isn't the ideal situation to be in, but we know we are doing the right thing. Yeah, it's gonna suck to not have a car and have to rely on public transportation and be at the mercy of the weather, but it could be worse. (Colorado: If you don't like the weather, wait ten minutes or drive ten miles. We will be counting on the first.)
