Last night I went to bed so down, I cried myself to sleep. I binged all day of course because that is just so helpful in this situation. We are in bad financial straits mostly because my husband has only worked part time for most of our marriage. this was good for the kids when they were little and great for my Mom when she was sick, but now we find ourselves with no savings and poor credit due to "robbing Peter to pay Paul". We've never defaulted, but chronic lateness can easily tank a FICO score. I didn't even call my in laws last night to ask for down payment help because I was so ashamed.
When my Mom died, she left us a legacy of about $45,000. I wanted to pay off our van and buy another car. Bill wanted to do some home improvement. Due to the disagreement, We did nothing but live on the money and now it is gone. We do have a nice big screen TV and some new dining room chairs...
This was both our fault, but last night I was very angry, with him especially.
Before I fell asleep I remember praying in desperation. "Lord help me to figure this out and help me not blame my husband. It is not ONLY his fault."
I woke up at 2 am with a to do list running through my head. I got up and wrote down..."Run credit report and FICO score" "Research Ford Fiesta, decide on max price and trim" "Call M & D and ask for $1000.00" "Go to credit union with credit info and apply face to face" "Visit Ford dealer and ask for what you want". For 2 hours I worked on research and credit report stuff. then went back to bed for 2 hrs.
Today my eldest son and I followed my list. The banker thought my score wasn't so bad (It is a D) and I may qualify. I chose to go with the base model Fiesta with the manual transmission, got the info, but did not sign anything. Tomorrow I will go look at the Nissan Versa. It starts at a lower price point, so I could get a higher trim model for my $15,000. My max budget is actually $16,500 if I get approval on Monday. I'm not going to worry right now about not getting approved.
So far in my research, the Versa is winning. There are some very bad reports on the Manual transmission of the fiesta. The funny thing is if I go with a higher versa model, I have to go automatic. Certainly easier for my sons to learn on. The Versa is not as sexy, though.