Alright, I'll start with this...
I am currently in about 3,300$ credit card debt. That wouldn't stress me out TOO bad, but I'm up to about 30% APR on that due to Late Fees/Overdrafting(I know it's dumb, don't bother).
I make around 1800$/month, with about 300$ in expenses(including MINIMUM credit payments) per month. I generally spend a good amount on unneeded crap every month, working on that though.
Now, I know the obvious solution would be to "just work and pay it off." The problem with this is that I will be moving to Gainesville to go to college in August, and need to save up at least 7,000$. This is the MINIMUM amount for only rent(parents will probably chip in mean plan and 5,000$yearly)
So, in short, working hard to pay it off right now is out of the question. I tried to apply for a AAA balance transfer at 2%, but was denied due to late fees/overdrafts/one medical bill in collections. I would be fine with finding a way to just "put off the debt" until I graduate somehow.
I really have no idea what to do now, I obviously can't go on paying 30% APR on 3,300$, it's just insane. My mother would possibly co-sign something for me, but I would have to have a plan laid out to present to her. My credit is completely ruined at the moment (520 credit score, down from 740)
Any knowledgable suggestions would GREATLY be appreciated. I have chronic anxiety/depression, and the financial stress is the main fuel to my fire. Thanks in advance!
EDIT: By the way, I am no longer spending anything on the card. I have spent probably 450$ on late fees/overdrafts, this will no longer happen in the future.
I am currently in about 3,300$ credit card debt. That wouldn't stress me out TOO bad, but I'm up to about 30% APR on that due to Late Fees/Overdrafting(I know it's dumb, don't bother).
I make around 1800$/month, with about 300$ in expenses(including MINIMUM credit payments) per month. I generally spend a good amount on unneeded crap every month, working on that though.
Now, I know the obvious solution would be to "just work and pay it off." The problem with this is that I will be moving to Gainesville to go to college in August, and need to save up at least 7,000$. This is the MINIMUM amount for only rent(parents will probably chip in mean plan and 5,000$yearly)
So, in short, working hard to pay it off right now is out of the question. I tried to apply for a AAA balance transfer at 2%, but was denied due to late fees/overdrafts/one medical bill in collections. I would be fine with finding a way to just "put off the debt" until I graduate somehow.
I really have no idea what to do now, I obviously can't go on paying 30% APR on 3,300$, it's just insane. My mother would possibly co-sign something for me, but I would have to have a plan laid out to present to her. My credit is completely ruined at the moment (520 credit score, down from 740)
Any knowledgable suggestions would GREATLY be appreciated. I have chronic anxiety/depression, and the financial stress is the main fuel to my fire. Thanks in advance!
EDIT: By the way, I am no longer spending anything on the card. I have spent probably 450$ on late fees/overdrafts, this will no longer happen in the future.
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