The only thing within my power is to do the following: use one of the checks from my Discover card with a promotional APR of 1.9% until April 2009 (and initial 3% fee) to do so. I've told S we can do not a penny over $4000 for a used car. That will make my monthly payments around $150, perhaps a little more or less. By April 2009 S should definitely have a job!!! By then the whole amount should be close to paid off, even with the other credit card charges, which are as follows:
DISCLAIMER/REMINDER: Roughly 99.9% of the below charges are LEGAL FEES due to the custody battle.
Visa #1: $3300 @ 1.9% APR until June 23, 2008. I am going to fork over as much extra as possible this month (IRS Stimulus, Summer Job $, assorted extras) and when the APR expires on this month the balance should be closer to a nicer $500-600.
Visa #2: $4500 @ 0% APR until May 2009. Paying the minimum on this b/c, once again, S should definitely be employed by the time this promotional APR runs out.
Visa #3: $5360 @ 0% APR until September 2008. Some of the funds from Visa #2 will be used to pay a bunch on this account in September. Right now the funds are in an ING online savings account earning interest until then.
MasterCard: $8300 @ 6.9% APR until the balance is paid off. That's about the best deal you can get, even better than some banks will loan at.
So a Discover Card check charge will be, including the 3% fee, $4120. Although actually, I'm going to have to do closer to $5500, bringing the new Discover Card balance to $5665. This is b/c there are even more legal fees coming up, including mediation, additional payments to our lawyer, and a payment to the amicus attorney. Once again, 1.9% APR until 4/09 is about the best deal I'm gonna get.
The other night I said to someone that the custody battle is the worst thing that's ever happened to me. Financially AND otherwise, that is the God-honest truth.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment