August 2024 Debt Payoff

What a month. My son broke his ankle in a motorcycle accident so we have been helping him out with his medical expenses. My student loans are in limbo. The online school I attended has a lawsuit against it and I qualify for a settlement that will wipe out $24,000 in student loans which means that the interest is growing for now. I feel like collection interest is neverending.

Medical Debt 

• Hand Therapy $1,515.60 down $100.00

• Thunder Basin $9,046.45 down $100

Total $10,662.05 down $100.00

Family

• $1,360.00 down $0

Misc.

• 401K Loan $3,851.12 down $124.12

Collections

• Credit Collections Bureau $1,583.00 up $9.25

• Crook County Medical $8,906.01 down $36.09

• Collections Pro Mine $13,722.07 down $729.41

• Collections Pro His $41,969.49 up $231.51

Total $66,180.51 down $524.74

Student Loans 

• ZuntaFi $128.69 down $317.64

• Mohela $89,152.12 up $431.54

Total $89,280.81 up $113.90

Total $171,334.49 down $734.96

Paying off debt is a daunting process. Watching debt go up monthly because of interest is the most discouraging part. The fact that we put $1,758.62 towards our debt this month and it only went down by $734.96 is ridiculous. However, as long as our debt is going down each month I call it a win. Next month we will pay off Zuntafi so $90 a month will go to my collection professional.