Just got a job with a $60k salary, netting $3700/mo. Without being thrifty, I spend about $1700/mo which gives me about $2k to pay off this debt with. I've been pretty irresponsible with my credit cards so the rates are high. $18k is spread between two credit cards ($~11k visa citi and $~6k amex) and $10k is back rent (this one i can pay over time with no interest or problems). I also have an inherited IRA that could completely cover this debt, but I consider it a retirement account for myself and it would wipe out about half of it.. it's also all invested in stocks and doing pretty well, so I don't particularly want to sell it all.
What's the best way to pay off the credit card debt? Are those consolidating things for real?
Submitted April 30, 2018 at 09:29PM by BurtReynolds https://ift.tt/2KssX4a
