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I've mentioned that I spent several years in the seminary, studying to be a priest. That nearly didn't happen because of a problem I had not long before I was set to enter the seminary. No, not the sort of problem you read about in the papers -- rather it was a credit card debt problem.

You see, when I graduated from graduate school I ran into a big problem. In a glutted teaching market, I had priced myself out of many jobs by getting that masters degree. I spent the next two years as a staffer at a homeless shelter, where I made very little money. Without realizing it, I slowly ran up a mountain of debt and was in need of debt helpBeing in bankruptcy court is not looked upon as a plus for a prospective priest, and filing for bankruptcy in the seminary would have been even worse.

What to do? Well, I was fortunate to be able to find debt help in the form of a credit card debt consolidation loan. Having set up a debt management plan, I found a second job and payed off that bill consolidation in just a few months by applying every penny I could towards it. I was, fortunately, in a position to take my bank balances down to a minimum to repay every penny I owed and received a totally unexpected gift from someone close to me who had no knowledge of my situation, so I went into the seminary debt-free a year earlier than I expected to. I call it one of the greatest blessings of my life.

Now not everyone is in a position to do what I did. But through the use of a home equity loan or it is possible for many people to do a credit card debt consolidation. And there are other options that can work for you, if you really interested and try.

Posted by: Greg at 06:49 PM | No Comments | Add Comment
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