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Life is going down in shambles.

My DH is in the military. Just joined last year actually. He is in his last week of training and today they dropped a bombshell on us. He does not have good credit. Now they are threatening a discharge and we have to prove we are making dents in the debts which we are, and they say that helps but I am still scared to death of him being discharged. The reason this is just now hitting us is that when he was doing the paperwork before bootcamp, he had told the recruiter about his debts and when filling out a form, the recruiter just told him to check "no" to all - come to find out one of the questions was "Do you have bad credit". He is getting in trouble for that too. Just scared and I know this isnt much of a question but more just a need to vent since I can be anonymous and not share personal life with friends.

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Anonymous

Asked by Anonymous at 6:07 PM on May. 3, 2010 in Money & Work

Answers (3)
  • Do your best to get the debt down, have a yard sale, if you can afford to pay off or sell off the pricier items do it. Use any bonus he may be getting to pay off as much as you can. Then go to the military finance classes to learn how to stay on track.  He is getting into trouble more for listening to a recruiter, not the most trust worthy reputation on them.  Do what you can and deal with what you can, that is all you can do.  GL

    DevilInPigtails

    Answer by DevilInPigtails at 6:25 PM on May. 3, 2010

  • DAVE RAMSEY QUICL!!! You can get about 4000 out of debt in about 90 days!!!
    IraqiVetWife

    Answer by IraqiVetWife at 7:10 PM on May. 3, 2010

  • I agree with Iraq, though the way she wrote it kinda makes it sound like a scam. Check out the book Total Money Makeover from your local library or go to DaveRamsey.com.

    The average family that goes through Dave Ramsey's Financial Peace University class (FPU) pays off $4000 in debt in just 90 days. So you're results might be more or less, but Dave Ramsey is definitely a good place to start.

    Sell everything you can, get another part time job, get on a written budget, and put every cent you can towards debt. You can get this cleaned up, it just won't be easy.
    Anonymous

    Answer by Anonymous at 12:19 PM on May. 4, 2010

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