I was out of work for almost a year and I also had an online smoking accessory company. Mostly lighters, ashtrays and cigar/cigarette cases but that went out of business this summer.
My credit card debt went pretty high because of the trying to maintain the smal business and living day to day while I was looking for work. I’m in debt for $55K!!
I’ve been able to make payments every month just to maintain my good credit standing but it’s getting to be too much. I feel like I have the weight of the world on my shoulder.
I can’t even think straight I’m so stressed. I realy don’t know what to do…
I could refinance the house but that would only give me about $35 to $40K… I’d still be in the hole for $15 or $20k in debt. I’ll never be able to pay off the debt. It’ll take me 40 or 50 years to pay off this debt.
I took a job so I could have some money coming in but it pays much less than any of my previous jobs but at least it’s steady income. I have my back to the wall and feel overwhelmed… can’t keep this up anymore. What can I do???