Suffocating Debt

[cuthroat]

Anyone else in debt? It causes so much stress I wish I could just start over with a clean slate. I think it was large contributor to my last bout of depression. It seems like I cannot do anything, go anywhere, its like a ball and chain that I won't be getting rid of anytime soon. I already made positive steps in getting out of debt; I only make necessary purchases now - I ask myself if I need or want before I buy, I paid off all my credit cards and torched them, literally.

Even after doing this though I am still in the red and it seems like I'll never get out. I have student loan debt which isn't bad as far as payments are concerned but I was stupid and didn't get a federal student loan so I have an AR which is currently at 10.5% $20k. I also have a $6k loan I took out for furniture and such when I first moved out of my parents which is 25% interest. On top of all of that I bought a brand new truck which I felt at the time was an important part of maintaining the image I had (another mistake) which I pay $500 a month for not including insurance.

I know I got myself into this but anyone have any tips for getting out of it?

 

[javaguru]

Anyone else in debt? It causes so much stress I wish I could just start over with a clean slate. I think it was large contributor to my last bout of depression. It seems like I cannot do anything, go anywhere, its like a ball and chain that I won't be getting rid of anytime soon. I already made positive steps in getting out of debt; I only make necessary purchases now - I ask myself if I need or want before I buy, I paid off all my credit cards and torched them, literally.

Even after doing this though I am still in the red and it seems like I'll never get out. I have student loan debt which isn't bad as far as payments are concerned but I was stupid and didn't get a federal student loan so I have an AR which is currently at 10.5% $20k. I also have a $6k loan I took out for furniture and such when I first moved out of my parents which is 25% interest. On top of all of that I bought a brand new truck which I felt at the time was an important part of maintaining the image I had (another mistake) which I pay $500 a month for not including insurance.

I know I got myself into this but anyone have any tips for getting out of it?

You married?

 

[chris302001]

Find a homeless person, take out a life insurance policy on them, and then run them over with your car.......

 

[cuthroat]

You married?

Nope, don't plan on getting married any time soon either. Yet another reason I would like to achieve financial stability, don't want to go down that road until then.

 

[cuthroat]

Find a homeless person, take out a life insurance policy on them, and then run them over with your car.......

You sick bastard, roflmao. Sort of funny though because I took out a life insurance policy on myself during my last bout of depression that would cover all my debt if I killed myself.

 

[chris302001]

You sick bastard, roflmao.

lol some lady in california actually tried it (i think it was in cali......)

She got caught tho.....youz gotzta be sneaky!

 

[javaguru]

Nope, don't plan on getting married any time soon either. Yet another reason I would like to achieve financial stability, don't want to go down that road until then.

Live as a minimalist...throw as much cash as you can at the debt and get a better job. You already have the marriage thing covered. I've pwned my student loans with this philosophy.

 

[cuthroat]

Live as a minimalist...throw as much cash as you can at the debt and get a better job. You already have the marriage thing covered. I've pwned my student loans with this philosophy.

Yeah, the job I have now isn't bad but I have been thinking about getting a second job. I would have no free time but I think it would be worth it in the long run. Thanks.

 

[binö]

cut how old are you?
i have debt too, i try not to think about it in hopes that i die before i have to pay

 

[cuthroat]

cut how old are you?
i have debt too, i try not to think about it in hopes that i die before i have to pay

I'll be 22 in nine days.