Posted on 02/04/2005 1:38:43 PM PST by non-religious-conservative
OK, listen up. I am prepared to get flamed but I seriously need help. I am deeply in debt and need out. I'm not asking for donations, or sympathy. I NOW know how to budget, this is all carryover from my irresponsible ways of a year or two ago. The problem is, that my minimum payments on credit cards are over $1000, and my monthly take home is about $1775, with $400 in rent. So-even before having any fun, I am pretty much SOL every month.
Get a second job
If you have a 401(k) plan at work, you can borrow half of your balance and pay it back (to yourself) with interest up to 5 years.
I already have two. And go to college.
I already have two. And go to college.
Still a student. Not an option yet. But thank you.
Welcome newbie! I suggest we all 'prey' about it.....
You could always sell some spare body parts?
Get a second job and limit your "fun" money. There is only time for "fun" when your responsibilities are accomplished. It sounds like you make plenty of money to work your way out of debt if you're serious about it.
Join the Army. They'll feed, clothe and house you.
Call your credit card company and see about arranging for a payoff plan. This could entail giving up your card, but allow you to structure your current debt to them at a lower rate, if you can swing it. It is in their best interest to not bankrupt you, after all.
Total bills:
Debts - $1000
Rent - $400
Utilities - $200
Food (groceries not going out) - $100
Total income $1700 take-home-do the math. I don't have any fun as it is. I am a student as well.
Speaking of work, I am off now-but will check in later.
Consolidate your credit-card debt into one card?
I don't know much about debt, having gone out of my way to avoid it, with the exception of buying a house.
Cancel the cable and the internet connection. There's about $100 a month already. Shop at the dollar store. Some items are exactly the same but guess what? They're only $1. Call the credit card companies and make arrangements with them. When you do have to shop, shop at the warehouse store. Get books from the library rather than buying them. Sell items you no longer need on e-bay (with someone else's internet connection.) Maybe rent a room rather than an apartment to lower the monthly cost there.
Good luck to you.
I know what you mean but it's not exactly phrased right.
There are reputable companies who can re-negotiate the CC interest and payments for you, at no charge. They also can put you on a strict budget and set-up revised payments with your creditors, again at no charge. But beware, there are some lowlifes out there who prey on folks like you; avoid them at all costs. Do some research, first, on each company.
Or get another job; two, if you need to.
Welcome to FR.
Amway?
Seriously: 1-Cut up the cards, 2-call them & negotiate,
3-stay in school
For increased revenue there is always prostitution, selling drugs, etc. Howver these carry more risk than the aforementioned service jobs. Good luck!
Ooh. Been through that. What helped me was finding a better paying job-but being in school that might be harder.
Perhaps it would behoove you to take a semester off and get back on your feet??
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