I’m 24 and About $20,000 in Debt Plus I Try Real Hard to Pay Them. – Andrew


“Dear Steve,

I’m 24 and about $20,000 in debt plus i try real hard to pay them but i don’t make alot of money and the credit card people don’t care they just what money, money and more money

Plz help i would like to get out of debt or get it real down


Dear Sam,

There are certain universal laws in life. A piece of bread with peanut butter will always fall face down, never spit into the wind, and if you want to pay down your debt you are going to have to send more than is required.

A credit card can be a financial trap. Just because a bank gives you a big limit that does not mean that you can afford to max it out. From a profit making point of view, a maxed out customer is going to generate the largest return since they will be stuck making minimum payments for years and years to get out of debt, if they ever do.

Here are a couple of logical avenues for you to try. First, read all about how to reduce your debt using the debt snowball method. Second, contact a debt management company and see if they can reduce your interest rates and monthly payments so you can make some real progress to get out of debt. Click here for debt management information.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Steve Rhode
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