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Young and in debt!
Comments
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I just can't afford the repayments on both cards as they are both charging high amounts.Yes I do have around that amount left a month, I am just struggling to clear the debt and I just want it clearing. As I have so much credit I can't get a loan and the only option is a DMP which I really don't want. With the interest levels rising I'll never clear my debt.
With that spare cash a DMP is not the 'only option'. Use some of that to pay extra off your CC debt. Your SOA shows you paying the minimum monthly and having money left over - so why can't you afford it? Sort out your spending as suggested (cut spending on some stuff, add spending on bits you've left out) and you should still have extra money to make a decent dent in the debt.
Total over-reaction!!!Total nightmare!!!loose does not rhyme with choose but lose does and is the word you meant to write.0 -
With that spare cash a DMP is not the 'only option'. Use some of that to pay extra off your CC debt. Your SOA shows you paying the minimum monthly and having money left over - so why can't you afford it? Sort out your spending as suggested (cut spending on some stuff, add spending on bits you've left out) and you should still have extra money to make a decent dent in the debt.
Total over-reaction!!!
The OP is 21 years old and overwhelmed by the debt they are in. Sometimes, things overwhelm people whereas others would cope just fine. Not everyone is the same.
The OP probably feels like all their payments are going on interest which is why they feel it will never be paid off.
Good luck OP - you can sort this out. Take the useful advice from here and other threads, cut down all unnecessary spending and throw all spare money at the debts.
Putting these winter preps here so I don't forget!
Curtain pole installed in the living room
Paint curtain pole
Window quilts for landing window & french door
Add shrink film to the kitchen door & insulate
Insulate front door
Bubble wrap windows & french door
Wash front door curtain
Blind for the bathroom
Find wrist warmers & the wool socks!
Wash heated throws
Wash duvet & wool blankets
Buy vest tops to go under clothes and PJs
Buy nets for bathroom and kitchen
Buy or make blind for kitchen0 -
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True - but they are overwhelmed whatever the reason.
I know someone who committed suicide over a relatively small amount of debt which he could not re-pay and since then, it scares me how out of control our minds can be when we are faced with financial stress.
At the end of the day, anything financial can be fixed one way or another.Putting these winter preps here so I don't forget!
Curtain pole installed in the living room
Paint curtain pole
Window quilts for landing window & french door
Add shrink film to the kitchen door & insulate
Insulate front door
Bubble wrap windows & french door
Wash front door curtain
Blind for the bathroom
Find wrist warmers & the wool socks!
Wash heated throws
Wash duvet & wool blankets
Buy vest tops to go under clothes and PJs
Buy nets for bathroom and kitchen
Buy or make blind for kitchen0
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