I’m 25 years old and I’m trying to decide what I should do about the significant credit card debt I’ve accumulated as a teenage. The total debit is roughly $29,000 but has now totaled up to $43,000 because of interested. I was young and naive and received so many cards through our university, I thought nothing of it. I grew up in an abusive household and once in college I saw it as the opportunity to get what I want. Now of course I’m looking to do other things in life which this debt is preventing me from doing so.
I want to know what exactly I should do. I’m currently on the verge of getting a new job, but have been told that debt consolidation would be best. I’ve also been told to file for bankruptcy which is something I’d like to avoid. I printed my credit report yesterday for the first time and didn’t even realize how much debt I was in! The status of these cards says it will expire by next spring. A few have all ready been written off, but I’m not sure exactly where to go from here. I’d like to be able to purchase a car and a home, but that doesn’t even seem like an option for me. I’d like to figure this out now being 25 than wait any longer. Please help!
If 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 Made Credit Mistakes When I Was Young. I Want to Start Over. - AR by Steve Rhode