Do you have summers off? Waiting tables or bartending could help knock a big chunk of this out.
Honestly, you should not be putting money into stocks or retirement with high-interest debt like this.
Stop paying for 90 days and then negotiate an interest-free settlement. It will hurt your credit, but you’ll recover.
Oli said:
Stop paying for 90 days and then negotiate an interest-free settlement. It will hurt your credit, but you’ll recover.
Did they ever sue you or garnish your wages?
Oli said:
Stop paying for 90 days and then negotiate an interest-free settlement. It will hurt your credit, but you’ll recover.
Did they ever sue you or garnish your wages?
Don’t stop paying. Instead, ask about a hardship program. If you stop, your credit tanks for 7 years, and they can sue you.
Oli said:
Stop paying for 90 days and then negotiate an interest-free settlement. It will hurt your credit, but you’ll recover.
Did they ever sue you or garnish your wages?
You have to be 90 days late before they’ll negotiate. Just tell them it’s either an interest-free plan or bankruptcy.
@Oli
Is wrecking your credit over $12k really worth it? Restructuring the debt is a better idea.
Try to move the debt to a lower interest loan, otherwise you’ll be stuck in the cycle forever.
Fife said:
Try to move the debt to a lower interest loan, otherwise you’ll be stuck in the cycle forever.
That, plus cutting down expenses wherever you can.
Use your assets to pay down the card. You’re not making 18% returns anywhere else.