Using someone's throwaway because I don't browse reddit - thank you.
I have around 40k in Federal student loans that are currently on deferment. I also have 32k in private student loans that I cannot afford.
Shortest version of my story is I followed my gf at the time to a different school, and needed to take out a loan to go. I got a private loan that we were supposed to pay off together as naive and youngish lovebirds, but she's since left the picture.
On top of that, I have about 9k in credit card debt from 3 different cards. I make roughly 25k annually, and literally just started out of college for less than a year.
I'm looking into applying for a better paying position, but that's the gist of it.
I talked to Freedom Debt Relief, and they wanted me to go (even more) default on every loan, crash my credit score even more (mid 660ish, a huge drop from 720 last year when I was paying everything on time), and essentially still pay what I pay now. So that was a no go.
About to talk to AmOne, a personal loan company from Prosper. Basically, aside from getting a second job, getting a better one (both of which I'm looking into), how screwed am I?
Just kidding, I know I'm screwed. I just want to know what you suggest me to do. The credit cards will take time, but I know I can chip away. The 32k student loan is around 550/month, and that's a big chunk of what I make so I can't afford that, and that's my biggest headache.
They won't let me reconsolidate because I'm a cash cow, and no one else wants to lend me money because I'm a 660 credit score with a ton of debt...
Don't worry about being gentle - I'm here for truth.
Submitted September 26, 2017 at 10:43AM by yosemiteslams http://ift.tt/2xD38Kc
