Hello. I am currently reading one of your books eliminate your debt like a pro. Here is my situation. I have debt mostly school debt. I ended up being sick in the hosptial half way through college with bipolar. I went to school in order to get health insurance. Now I have tons of debt that I owe back. I owe nelnet student loan services 7687.00. I owe lansing community college directly 3712.00. I owe 455.00 on a credit card from my credit union, and I owe 3200.00 on a loan to my credit union.
This loan was taken out to pay the difference to a person I sold my leased car to. I was paying 315.00 a month but no longer have the car and am using my bf’s car. My income is 1040 after taxes.
My minimum payments are 25 dollars on lcc loan, 97.50 on nelnet, 73.00 on credit union loan, and 12.00 on credit card. Please tell me what I should pay first off. Also my Job is not very secure as the person I care for is very sick. I wish I could go on disability for my bipolar disorder but I cannot afford to.
My expenses with rent for an apartment run about 540 a month. My job is kind of secure but kind of not. I hate being in this situation every day. I am angry, depressed and have bought numerous lottery tickets to try to get myself out of this mess. But I stopped doing that- and that’s a good thing.
What should I pay off first???
The AnswerIf you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. I'm Currently Reading Your Book How to Eliminate Debt Like a Pro and Have a Question. - Julie by Steve Rhode