First of all welcome to the forum Barb!!
And YES I have to admit that I am a terrible binder and I have certainly cut off binding, I don't have the patience to pick it out! If your quilt is plenty big it's not a big deal to lose the edges and start over.
On the other hand, it may not be as bad as you think, set it aside and get a good night sleep and look at it again tomorrow. Post pictures and we'll be glad to offer advice!
Susan



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