Unexpected expenses at the worst possible time

Thursday morning on my way to work, the strangest thing happened. No, it wasn’t an automobile accident, but I did think of running them over. There was a fight between two summer school kids in the middle of the street, stopping traffic, ending up on the hood of my car. The two kids made a dent in the hood of my car to the tune of $875. I contacted the school and know who the boys are, and who their parents are. One of the boys has stated to the Police Officer stationed at the school that he has a job and will pay for his half. I have to contact both parents on Monday after I get another estimate for the damage.

This brings me to the point of the title. Last month, I had trouble making the rent. (With the new job, this should be alleviated.) I depleted my emergency fund so that I could keep my landlord happy. (As a side note, the check hasn’t been cashed yet.) Anyways, now this is where the unexpected expense happens. I have to have the car fixed, so I’m going to pay my $500 deductible and get that from the boys. I don’t know how well this is going to go over with the parents. I know that the parents do know about the incident, but I want to be fair. If I can get an estimate for under $500, I won’t go through my insurance. (I’ve already checked with my insurance agent, it won’t raise my rates but it would count as an incident.)

Best case scenario is, the damage can be repaired for under $500, and the boys will just pay it. I’m hoping for this option, and I’ll definitely keep you posted.

Thoroughly Disgusted

I just finished watching Maxed Out. I have to say that it disgusted me to see the way that people, including myself, are treated by credit card companies. Even the government is corrupted by them. The movie states that MBNA was George W. Bush’s largest campaign contributor. It also states that MBNA is the second largest bank in the US. To think, that our president, who was bought by a credit card company, signed a bankruptcy bill that made it harder for working class citizens to discharge unpayable debts…. It just disgusts me.

I mean, people are at their wits end. It showed the families of three debtors who thought there was no other way out than suicide. (There is another way out, please call for help if you feel that there is no other option.) This 57 year old woman was facing foreclosure on her home because her husband passed away and she could no longer afford the mortgage payments. Another woman, who cosigned on a loan for her daughter, was labeled as deceased (after her daughter died) and was subject to  being investigated by homeland security as a terrorist! I mean, COME ON PEOPLE!!!!!

We have the power to change this. We have the power to not be bound by these credit card companies. They are making their money off of us, low income people. (Yes, I fall into that category).

Don’t get me wrong, the documentary was great! It was well directed. I just am upset that the credit card industry would exploit consumers this way.

Clearing up some confusion

In this post, I talked about my credit line increase. I meant that they gave me an additional $250 in available credit, not that they gave me cash. Cash is good, but I’ve not known a credit card company to just GIVE you free money.

Capital One

raised my credit line!!!! I got a free $250! Just for paying my bill on time. It’s great to be in control sometimes. 🙂