No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Worked hard on getting a lot of high limit credit cards. Well I ended up spending about 80% of the available balances and here I sit with almost 50k in debt. My current income is 55k a year. Have a mortgage of 1400 a month. As you can gather making all these payments is becoming difficult. Im not looking to file or anything but do need to find some help. Thoughts...advise and calling me a dumb#$@ is welcome.
USAA Amex
7,737.69
USAA Master
6,958.83
NFCU LoC
4,689.00
NFCU Visa
13,134.00
Chase
1,989.60
Discover
1,186.49
Best Buy
1,424.42
Walmart
667.00
Lowes
887.00
PSECU
9,128.95
American Exp
520.00
Total
48,322.98
@highondebt wrote:Worked hard on getting a lot of high limit credit cards. Well I ended up spending about 80% of the available balances and here I sit with almost 50k in debt. My current income is 55k a year. Have a mortgage of 1400 a month. As you can gather making all these payments is becoming difficult. Im not looking to file or anything but do need to find some help. Thoughts...advise and calling me a dumb#$@ is welcome.
USAA Amex
7,737.69
USAA Master
6,958.83
NFCU LoC
4,689.00
NFCU Visa
13,134.00
Chase
1,989.60
Discover
1,186.49
Best Buy
1,424.42
Walmart
667.00
Lowes
887.00
PSECU
9,128.95
American Exp
520.00
Total
48,322.98
Limits and APRs will be helpful for all that may offer advice.
Wow.
Paying that off with a $55K income isn't going to be easy, if even possible.
Filing BK may be your only option.
But... more info, please. What are the limits on those cards? Are you married? Does your spouse or partner have income?
Usaa...navy and psecu are all under 10% apr. Lowes and bb are 0% for a few months. Chase..walmart 24%. Discover 15% not sure on amex
Nfcu, usaa, psecu are just about maxed all other cards are very low limit. Really no chance on moving any balances around
@highondebt wrote:Worked hard on getting a lot of high limit credit cards. Well I ended up spending about 80% of the available balances and here I sit with almost 50k in debt. My current income is 55k a year. Have a mortgage of 1400 a month. As you can gather making all these payments is becoming difficult. Im not looking to file or anything but do need to find some help. Thoughts...advise and calling me a dumb#$@ is welcome.
USAA Amex
7,737.69
USAA Master
6,958.83
NFCU LoC
4,689.00
NFCU Visa
13,134.00
Chase
1,989.60
Discover
1,186.49
Best Buy
1,424.42
Walmart
667.00
Lowes
887.00
PSECU
9,128.95
American Exp
520.00
Total
48,322.98
In stead of a going Bankrupt:
Try paying them off. Find a second Job, lower and modify your spending habits...
You can do it.
I wish you the best.
As I said im not looking to file bk. These are my debts and I know its my responsibility to pay them back. I have already put a budget together to change my spending a few months back. Even paying the minimum is really starting to take its toll on me.
since you have access to some of the best credit unions I would reach out to Navy and USAA and see about a personal loan perhaps... I have heard Navy will sometimes do that and close out the credit cards (unless they have the recent 2.9% BT on them and such.
If those are just such great rates and under 9% they might be to good to consolidate into a personal loan, lets focus on the small ones first but if you really cut out spending and make all your payments, what are you really left with each month to tackle this debt? and do you have this left because you still fall onto a credit card or two?