Hi all,
I am at my wits end so I am here looking for advice. I am 23 year old woman and have somewhere around 50k in debt (credits cards, personal loans, payday loans). I don’t have a college degree and my earning potential is not high. I currently am doing gig jobs like DoorDash and Grubhub because the last company I worked for went out of business with not notice and I’m currently looking for another job. As of now doing gig work I make about $2000 a month but that isn’t accounting for taxes.
My earning potential, since I’ve worked in retail/food and call centers ranges between 30k-45k. My rent is $1000 (it’s $1700 but my mom pay $700 since she moved in with me a few years ago when my parents split) and I haven’t paid any of my credit card or loan payments in probably 4 months I believe. Currently just been paying rent ($1000), car ($200), car/renters insurance ($120), utilities ($100), phone ($80, need unlimited plan for gigs), gas and food.
I should have a FT job here soon, making around 2k a month and plan to continue to do DoorDash on the side so hopefully make around 3-3.5k a month. But that is nothing compared to the payments I need to make. What should I do? I want to work full-time and do other things in the side but I also know I need to go to school or something to increase my income. Should I continue to ignore my payments and save for a bankruptcy lawyer? My credit is already shit. It’s around 410 right now. Only thing I’m worried about with that is not having a car after.
Before it’s asked my mom can’t help anymore. She makes minimum wage and can’t even use a computer and english isn’t her first language (was a homemaker for 25 years before dad dumped her on my doorstep) and is she is trying to save for herself since she’s 56 and has nothing.
At this point I don’t think I can move anywhere cheaper because of my credit score so I feel like I’m stuck in this apartment (it was originally $1400 a month but we’ve been here two years).
My debt is not piling up any more (other than interest), the reason it became so high is because I had clinical depression due to several different family and personal issues so I was paying for bills/rent etc through credit while trying to resolve my own and other people’s problems, but I don’t currently have a spending problem so at least that’s under control.
Any advice for my current situation? I know that I did this to myself and I hate myself for it. But all I want now is to fix it and move on before I’m in my 30s. I just don’t know where to start.
Submitted February 17, 2020 at 07:49PM by punkpingu https://ift.tt/2wlfete
