Eric's Credit Community

CURRENT MonthlyHousehold Income  $5,000.00   Current Monthly Expense is about $ 3,400.00 plus the loan fees of $1,030.00

We spend about $1,000 between our House Payment, Annual taxes and insurance per month.  Our other expenses are 2 auto loans (a small pickup and a small car) with insurance, that expense is about $900.00 per month plus gas and maintenance of about $300.00 per month.  Utilities are around $320.00 per month.  I spend about $50 per payday on personals - We made a bad choice and took out some very high interest rate loans to pay for a house repair and have not been able to pay those off.  Since last November, when we took the loans we have been maintaining by paying the fees alone and chipping away at the loan turnover amounts.  On one other occasion we took out another loan to pay the fees due to a car repair that was needed. 

In the time that we have been battling this situation, we have incurred some delinquencies - 11 of them are medical bills incurred  - we have insurance but due to circumstance we were unable to make the copayment amounts or meet all of the deductibles - these only represent a fraction of the bills that we had.  One was a student loan that was late in July.  I have many accounts that show good payment history - With all of the fees we have paid, it is a miracle that we don't have more delinquencies.