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Hi everyone, first time posting here hoping to get a little insight to some financial troubles i've been having. I'm 25 from ontario, canada if that helps with anything and all help is appreciated.

I'll start off by saying over the last couple of years I have been extremely irresponsible with my money as I have no savings at all and i a very low credit score with about 2.1k credit card debt. On top of the credit card debt I have about 1.5k in other collections thats owed, along with 6k owed to the canada government because I claimed EI while working (stupid I know) but at the time the money was extremely needed for lawyer fees (again stupid i know).

The last thing I need to mention is I stupidly bought a car with my ex girlfriend and theres been some issues about payment, the car is technically hers as she pays for it (when she feels like sending payments) and its been extremely stressful on my life. I should also mention this is a secured loan with a high interest rate of 25% and Ive been trying to sign this car over for a while but she wont meet my prerequisites before I do so.

I've asked a few people and I've been told I should just have the car repo'd and take the hit and file for bankruptcy but I'd like to know what some other options would be as thats more of a last resort, again thank you for any feedback.

EDIT: Forgot to mention currently not working as I got laid off 3 weeks ago due to company losing contracts.



Submitted March 05, 2019 at 08:00AM by zuzulemon https://ift.tt/2XFkBNd

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