HI Everyone,
Im new and need some advice or what have others done to get out of debt. I believe I inherited applying from all those "dont pay now or no interest for 3 years" deals from my Dad, or had that attitude I will it now instead of saving up for it which has now dug me a hole which in which I am having trouble digging out from.
Heres my scenario:
Mortgage - partner now pays full mortgage because I cant pay my part - shes awesome and I dont deserve her for doing this.
Car loans - I have two loans but one car.
1 x car loan - costing $260 month / balance is $3400
1 x car loan - costing $550 month / balance is $13800
Vehicle I have is a 2000 Jeep Grand Cherokee V8 - gas costs me $160 week
Credit cards:
2 x credit cards with $13,500 balances - both maxed ouit
1 x credit card with $9000 balance - maxed out
Credit Cards are apprximately $750 month repayments - interest is 20%
Store Card - $5700 balance - maxed out, $160 month
I have my Jeep for sale which is hard for me because I love it, no one wants it because Im asking $2000 more than what its worth - I have to pay the car loan company because it is security.
I have just applied to consilidate the two cars to reduce the monthly payments (the car loans only), I earn $70,000 a year but am now the monthly repayments now compared to 3 years ago is killing me, I am in the red and short every pay.
Whats the best move here, what has others done?
Really appreciate any help.
Im new and need some advice or what have others done to get out of debt. I believe I inherited applying from all those "dont pay now or no interest for 3 years" deals from my Dad, or had that attitude I will it now instead of saving up for it which has now dug me a hole which in which I am having trouble digging out from.
Heres my scenario:
Mortgage - partner now pays full mortgage because I cant pay my part - shes awesome and I dont deserve her for doing this.
Car loans - I have two loans but one car.
1 x car loan - costing $260 month / balance is $3400
1 x car loan - costing $550 month / balance is $13800
Vehicle I have is a 2000 Jeep Grand Cherokee V8 - gas costs me $160 week
Credit cards:
2 x credit cards with $13,500 balances - both maxed ouit
1 x credit card with $9000 balance - maxed out
Credit Cards are apprximately $750 month repayments - interest is 20%
Store Card - $5700 balance - maxed out, $160 month
I have my Jeep for sale which is hard for me because I love it, no one wants it because Im asking $2000 more than what its worth - I have to pay the car loan company because it is security.
I have just applied to consilidate the two cars to reduce the monthly payments (the car loans only), I earn $70,000 a year but am now the monthly repayments now compared to 3 years ago is killing me, I am in the red and short every pay.
Whats the best move here, what has others done?
Really appreciate any help.
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