Hi everyone,
I want to start off this by saying that I'm 19 and have been extremely stupid with my money. I've been working since I was 14 and have no savings. Only recently have I realized I can't keep up my spending habits.
I currently have about $1800 of debt. One credit card is maxed out at $500 and another $1000, both with a 19.99% interest rate. I also owe just over $200 in overdraft fees from a chequing account I left overdrawn for a year.
I'm working full-time at $14.5/hour until September when I go back to school. I have very few financial responsibilities (I live with my mother and don't pay rent or living expenses). I pay my phone bill ($96/month and gas about $60/every two weeks).
It is worth consolidating my debt through a personal loan or line of credit with a lower interest rate or paying off my credit cards individually? I don't know very much about finicanes and have no idea what is the best path to take.
Submitted May 14, 2017 at 08:15PM by veh88 http://ift.tt/2pzTc1B
