I’m $100k in credit card debt and it feels impossible to get out
I spent the last two years really struggling mentally. I got out of a toxic marriage but still share kids with this person.
I came out of the divorce at $0. No debt but no assets either.
I make decent money but I was totally in denial about how much the divorce and custody battle would cost, but also how much I needed to scale back my lifestyle.
I really just wasn’t paying attention. I was just trying to survive and keep things as smooth as possible for my kids.
The last few months I started to feel normal and happy again, but then I finally had the energy to take stock of my finances.
I f-ed myself big time. I’m writing this here because I can’t talk to anyone about this yet. It’s so embarrassing, but I really need to face it now.
- Bankruptcy will give you a fresh start. That’s what it’s for. I had to do it because of medical debt. You will have to reestablish credit asap but don’t repeat building debt again. There is a way out but learn from it. Good luck.
- File bankruptcy. It’s not as bad as it sounds and it sounds like you’d really benefit from it.
- Scale back your lifestyle and start paying ot back. You got yourself into it, now get out.
- Make a deal with the creditors. Tell them you can’t pay it and usually they’ll agree to a monthly fee for a certain time. It’ll take some effort to call them all but you aren’t the first and will not be the last.
If they won’t make a deal get some credit counselling they’ll make the deals and you’ll probably have to pay more but it’ll be in one payment per month.