I have a horrible car {loan} company. We got the car when our credit was not so hot. We are upside down, and will just have to live with this mistake for a while.

Anyway- for the first 2 years, we were almost always 30 days behind (we always made the payment before it was due again - so our credit report is clear of ticks). In our loan agreement (never saw this) - they say the loan I have allows them to charge interest for every day it is late. All of that $$ is added to the very last payment. They mentioned to me a few months back that my final payment is over 2K and growing. I hate it. This company does not provide online statements or acct information. I get a paper bill from them each month, if I am lucky.

I've been able to catch up a few times, most recently two weeks ago (we were okay from Jan-May, but then was late for June's payment). I did Online Bill pay and took care of the payment. BofA said they mailed it on June 17th. Bad Loan Company said they posted it on the 24th. Not too bad. Except, the 24th is the same day it cleared my account. I do not think Check 21 was involved, and the actual check was what clear my account (not an ACH). Well, on the 17th, I initiated another Bill Pay for the July payment (over 12 days early). It still hasn't cleared. They (Bad Loan Company) says they haven't recvd it. Meanwhile, because it's now after the 2nd, they are charging me interest every day, and will charge me a late fee on the 10th.

{keep reading, I am getting to the point!}

They said they use a 3rd party to process payments. And they can't help if it takes a while. But what abt the interest I am being charged? They say they don't have a # they can call to see if my payment was received. I even spoke with a supervisor.

I think they are purposely holding my payments to charge late fees and interest.

Of course, the supervisor said "No!, why would we do that?"

I answered, "To charge me more money!"

I have an inquiry into BofA - but this just makes me so mad (I've never had this happen before). I feel like my hands are tied. This is a stupid company.

I have my Honda thru Honda Finance, (and all of my previous vehicles thru Ford) - I need to be able to see things, I need Online Account access.

I know if BofA caused an error - they will take care of my fees. But, what about this 3rd party? I am going to have no choice but to Western Union my payments each month. Grrr.

As I wrote the title to this post, the old garbage bag commercial was going through my head. {Wimpy, Wimpy, Wimpy!} However, this post is not about garbage. Rather, it's about Savings.

I will disclose that June was our first month of really saving money. I opened 6 Orange Savings Accounts, 4 IRAs (half for DH and half for me), and 1 HSBC Savings Account.

Now, some people could probably have all of their emergency, rainy day, and their down payment funds all in one account - and keep it fairly organized. I cannot. That's why I have a gazillion accounts now. Taking into account how easy the accounts are to open, and transfer funds to (via ACH), I am as pleased as a pig in a mud puddle.

If you take a gander to the left, you will see that I updated our savings balances. "A combined total for the kids savings - $12.00?!?!" I know. Wimpy! BUT!! it's a start. And that's $4.00 more than they each had in May. Right? So - it looks small, but I know that over time, it will grow!

Also - I earned $0.16 in interest in June! Wahoo!! {hehe}

Now that I have my savings on Auto-Pilot...I need to KILL my debt. I have seen some of the cards go down - but I want them GONE. DH's first paycheck of the month pays all of the credit cards, cell phone bill, and a few other things. On that payday alone, I have 14 bills to pay. I am tired - and I want to reduce the number of bills I have to think about each month. Thankfully, DH has 5 paychecks in August and October. Those 5th paychecks are going to credit card debt. That should take out a huge chunk*!

*Note: While we do have 14 cards between us, the highest balance (and credit limits)on our major credit cards is $500. We do have Dell and Kay Jewelers, both with 1800.00. So only about 7K in credit card debt.

Anyway, I am off to see if I can perfect Biscuits and Gravy this morning. Wish me luck!

not such a bad thing...



just as long as they are deposting and not debiting!

No idea where this came from - but hey, I am putting that into my Savings account!!