Hello all and thank you for taking the time to read this and possibly give your two cents. I am on mobile so please forgive formatting.
There’s no other way to say it - I am AWFUL in regards to money and budgeting. My main issue is my complete lack of self control with credit. I got my first card at 18 and it was like a drug. I maxed it out like it was money I had. I am extremely fortunate to have a father who had the ability to pay the card off for me. Did I learn my lesson? Of course not.
Once the card was paid off, my credit score skyrocketed and I started receiving mail for new cards. Temptation won, and so I went again down the hole.
Today, I am 22, a full-time student and working part-time. I have a total of 6 credit cards, and a few no interest financing deals through Samsung and Affirm. Total credit debt: $16,000. I’ve been avoiding coming to terms with this for a long time.
In addition to my cards, my monthly bills include my car lease - $261, insurance - $285, rent - $600, and a fixed personal loan - $110. My net monthly income ranges from $2,550-$2,850 depending on how many hours I work.
I am ready to pay these debts off once and for all and close the accounts down for good. I am tired of paying the minimum on everything and not making any progress. I have tried to take out a debt consolidation loan but due to my high revolving debt, I cannot get approved.
In your opinion, what is the best plan of action for me?
Submitted September 20, 2018 at 11:17PM by anony1738 https://ift.tt/2NtGRrJ
