[-$110,643.22] Why I Refinanced My Student Loans

Posted on by Double Debt Single Woman

woman balloon why i refinanced final

Yes, I decided to refinance my student loans.  Wait! Put down your pitchforks and hear me out!

  • Have I lost my mind?   Maybe…
  • What was I thinking?!   Well…  It seemed like a good idea at the time…

A Second Look at Student Loan Refinancing

You guys are great!  I appreciate your supportive comments and suggestions. Thanks to blonderbetterfasterstronger and reader Angie, for reminding me that refinancing may be an option for me after all. I’d read a number of complaints and stories online about applicants getting rejected left and right by these newer loan start-ups. I assumed that because of my high debt to income ratio, I would be unlikely to get the opportunity to refinance my student loan debt any time soon.

I decided to take a second look around to see if I qualified for anything. I requested rates from a few lenders that appear to have the best reputations in the marketplace for student loan refinancing. I was pleasantly surprised that I wasn’t outright rejected by any of them. I took a look at what they had to offer and decided to accept one.

That long list of loans that we’ve all come to know and hate since my last post will be going away soon. Read More

[-$112,258] And So It Begins… The Epic Saga of DDSW vs. the Student Loan Debt Leviathan

Posted on by Double Debt Single Woman

i_saw_a_sea_monster_by_erenarik deviant art
 image credit: i saw a sea monster by ereniak (deviant art)

And so it begins…

This is the post I’ve been waiting years to write. Well, I made it. I’m finally here. My student loan debt has stalked me from a distance for seemingly an eternity…until now.

Like many battle weary debt warriors before me, I’ve fought and clawed my way past the understudies:

  • $700 unexpected dental bill? Karate chop! No sweat.
  • $10,000+ in medical expenses? Bam bam! Pummeled into oblivion.
  • $30,000+ in credit card debt? Ha! I carved my name on its coffin.

Now, I step forward to face the giant, the master. The task before me is Read More

Let’s Try This Again: I’m Out of Credit Card Debt for the Second Time

Posted on by Double Debt Single Woman

take2

Thanks to getting an annual bonus for 2015 that finally hit my account (yay!) and a paycheck, I have paid off the last $200 of my credit card debt and have started savings funds!

I suppose I am now officially ‘Single Debt Single Woman’! 🙂  Woot!

“It’s Deja-vu all over again…”

Last year (2015) this time, around the end of February / early March, I had just paid off over $30,000 of credit card debt.  I celebrated and was happy to be reaching large debt milestones. I even had about $2,000 in savings at the time. Things were looking up. Next on the horizon was my student loan debt.   Just days after writing those posts, I ended up in the emergency room, and several expensive doctors visits, diagnostic tests, and one major surgery later, I ended up losing all of 2015 to paying off the incurred medical expenses.

Well, here I am again at the end of February (2016) with my credit card debt freshly paid off and a bit of money in savings. I had been looking forward to an uneventful 2016, but as I mentioned in my previous post, I’m now I’m dealing with stress and uncertainty at work and home this year. It may be superstition, but Read More