- Joined
- Feb 5, 2014
- Messages
- 75
So I had it somewhat bad, had to take care of some sick family, then got sick myself, then just some stupid spending from when I was in my teens and an idiot. I racked up a decent amount of CC debt. Because I'm caring for some family members and am also a bit sick myself I can really only work jobs that don't pay that great..... I can get by on them just fine, IF it weren't for the huge chunk of debt I have to pay every month.
At this point, paying the minimums, it would likely take me about 20 years to pay everything off, not to mention it takes a toll on my monthly budget.
Now from what I know, bankruptcy would take what, 7 years to recover from and then be off my record?
I don't like the idea of it, but I almost feel like it would be a quicker way out and I could rebuild my credit in the time it takes me to just pay off the minimums.
I've snowballed as much as I can, but I really just don't make much to pay more than the minimums. I literally live in a little room, I have no TV, no internet (I'm at the library), I don't even have a bed, I sleep on the wooden floor and take cold showers/wash clothes by hand to save. My only real expenses are my food, gym membership and test...... I know that's a luxury but bodybuilding is literally the ONLY thing I have left that gives me something to enjoy, a hobby, I don't want to give that up.... I've lived a rough life and I feel I deserve something that I can just lose myself in.
Any tips from someone more in the know would be appreciated. I'm not concerned about renting, I have a few people willing to give me a room. Not concerned about leasing a car, I have an ugly car but it's super low mileage and I take great care of it so I plan to run it to the ground. Not sure what else bankruptcy would affect or if there are better alternatives these days.
At this point, paying the minimums, it would likely take me about 20 years to pay everything off, not to mention it takes a toll on my monthly budget.
Now from what I know, bankruptcy would take what, 7 years to recover from and then be off my record?
I don't like the idea of it, but I almost feel like it would be a quicker way out and I could rebuild my credit in the time it takes me to just pay off the minimums.
I've snowballed as much as I can, but I really just don't make much to pay more than the minimums. I literally live in a little room, I have no TV, no internet (I'm at the library), I don't even have a bed, I sleep on the wooden floor and take cold showers/wash clothes by hand to save. My only real expenses are my food, gym membership and test...... I know that's a luxury but bodybuilding is literally the ONLY thing I have left that gives me something to enjoy, a hobby, I don't want to give that up.... I've lived a rough life and I feel I deserve something that I can just lose myself in.
Any tips from someone more in the know would be appreciated. I'm not concerned about renting, I have a few people willing to give me a room. Not concerned about leasing a car, I have an ugly car but it's super low mileage and I take great care of it so I plan to run it to the ground. Not sure what else bankruptcy would affect or if there are better alternatives these days.