Tuesday, August 11, 2009

I'll be getting a commission check this month.

I'm very excited!

I talked with my manager today. He said that I'll be getting a commission check at the end of the month. It won't be anything big but at least it's something. I'm very happy about it!

It's actually the reason I agreed to make a large $599 payment to Citigroup (my HomeDepot account) for the matching payment.

Citigroup Match Pay

Thought I'd share this with everyone.

My 1-year Balance Liquidation Plan (a.k.a. Hardship plan, Debt Repayment plan, etc) on my Home Depot account ended last month. So today I get a call from Citibank who owns my HomeDepot CC account. They said they had not yet received a payment from me that was due on August 1st - so I was 11 days late. I explained my debt to income problems and I mentioned that it was "financially killing me."

They offered two Programs:
1. Match Pay - I make a payment anywhere from $144 to $599 and they will match it. Basically they waive a matching amount and call it a "Late Fee Credit" on my account statement.
2. PayDown 60 month program, 0%, $66/mo. I chose the Match Pay. I will allow them to issue a check against my checking account for $599 that I have setup for these type of payments. I also tape recorded the call. My new balance will be $1198 less than what I previously owed. My next payment will be due end of September at 21% APR. I'll ask for another MatchPay then or the PayDown plan.

This is the first I've heard about a Match Pay plan. It's kind of like a debt settlement plan without the dings to your credit report. Maybe some of you reading can ask for this "Match Pay" plan from your creditors to help you with your own debt. Good-luck.

I'll keep ya'll updated on whether Citigroup follows through on their promise to "match" my $599 payment.

Paid off another debt

We received a big snowflake this month so I paid off another debt. Killed. Dead. Gone.

I paid off my Prosper peer-to-peer loan that I took out in December 2007. Moving on to the other debts now.

I'd normally be very happy about it but we (my wife and I) are spending money again. And she hates the condo we live in. We've still got another 10 months on the lease. I tell her that its (the condo rent payment) helping us achieve our goals but that doesn't seem to help. She's not happy about several things: the condo, her recent surgery recovery, she's going back to work this week, shes' away from our kids, the soon to be loss of our shiny sports car (fleece) to be replaced with what I keep talking about - a beater, her approaching 50th birthday, and, her 10-year old car is also starting to break down and may need a new transmission soon. She'd rather go the Cash for Clunkers route and get a cheap new low-end Toyota Corolla or Honda Civic or Nissan Sentra or low-end Kia.

Our once high youn and fast lifestyle is slowly being converted into the old people lifestyle.

Not looking for answers. Just venting a little. Just another family frustration to deal with.

Saturday, August 1, 2009

College tuition costs

My son and daughter registered for school yesterday. It was $26 per unit. So it was 2 x 12 x $26 = $624.00 total bill.

Next bill is books. That'll be painful.

But at least we're in California so junior (community) college is cheap compared to other states.

Speeding ticket will cost $250

Got the summons for the speeding ticket. The county wants to charge me $250 for a speeding ticket that I and my wife believe was undeserved.

I go to court in September. Gonna fight it. I disagree that I was speeding - just going with the flow of traffic like everyone else. I was in a group of about 15 cars and I was not passing or speeding by anyone. My wife agrees. She'll go to court with me.

I'll keep ya posted on what happens.