I'm 21 and have $14,000 in credit card debit. I cant get a private loan for school but did recieve financial aid. Financial aid did give me enough to pay for classes. But i cant afford rent im barely making my credit card payments. My credit is bad now because i couldnt make my card payments the last 4 months. im trying and working as hard as i can.I have even looked for a cheaper place to live but i still dont have enough money. i made a budget and its not working. I really just want to die right now! Im 21 and my life is ruined all ready. My parents cant help me financially & have bad credit too. I cant drop out of college because i have $21,000 in loans that i would have to pay back. I feel like i have no future and im just wasting my life away. what do i do?
2006-07-14 16:41:02 · 6 answers · asked by jenks1545 4 in Business & Finance ➔ Personal Finance
First...breath. It'll be ok. If you liked more information about the debt please contact me and I can possibly connect you with a relative who works with individuals who have gotten themselves in this position.
You're not alone. MILLIONS of people are in the same boat. You're just mature enough to admit it and want to do something about it.
I would recommend cutting back on all extra fun things right now and pay only that needs to be paid...rent etc. It's hard to readjust our lives and give up what we love (party life or just good old fashion spending money) Live within your means.
Getting your education will help. When it's time to get a job be upfront when the time is right and tell them about the bad credit and that you are honestly working on correcting it. They'll appreciate the honesty.
Good Luck and also remember God can help. All you have to do is ask.
2006-07-14 16:48:33 · answer #1 · answered by okiemom67 3 · 0⤊ 0⤋
Is there any way you can move back in with your parents so that you don't have to pay rent?
You also should probably talk to one of the reputable credit card counseling places. They can probably get your credit card payments lowered and maybe arrange settlements so that you pay back a lower total.
Don't let this ruin your life. Stay in school and get your degree. That will be extremely valuable to you and basically guarantee you a higher salary than if you didn't have a degree. And cut up those credit cards! It may take several years to dig out of this mess, but you can do it!
2006-07-14 16:48:14 · answer #2 · answered by jamie5987 4 · 0⤊ 0⤋
do u have like older sisters or brothers than can help you
grand parents or uncles aunts that could help
if u have multiple credit cards maybe you can consolidate them into a lower payment a month
2006-07-14 16:46:31 · answer #3 · answered by BulisTiC 2 · 0⤊ 0⤋
Financial counselors, public aid lawyers, writing a lot of letters to creditors, mental health counselors. It takes years to get it back, but it can be done.
2006-07-14 16:46:29 · answer #4 · answered by Lee 0 2 · 0⤊ 0⤋
Hi, Read these articles, they should help you:
How to Manage Your Credit Card Debt?
http://www.askaquery.com/Answers/qn1579.html
Building Wealth by Reducing Debt
http://www.askaquery.com/Answers/qn1578.html
What is credit-counseling service?
http://www.askaquery.com/Answers/qn492.html
Debt Consolidation - Get Out Of Debt
http://www.askaquery.com/Answers/qn1643.html
How to Hire a Debt Counselor?
http://www.askaquery.com/Answers/qn1584.html
What is Debt Relief?
http://www.askaquery.com/Answers/qn1583.html
Debt Management and Building Wealth
http://www.askaquery.com/Answers/qn1581
How to lower your debts?
http://www.askaquery.com/Answers/qn1576.html
How to reduce debt : How to lower your expenses?
http://www.askaquery.com/Answers/qn1577.html
2006-07-19 23:59:02 · answer #5 · answered by melone l 1 · 0⤊ 0⤋
There is some useful advice here.
2006-07-14 20:36:21 · answer #6 · answered by Anonymous · 0⤊ 0⤋