In such a bad, deep hole…Help
I’ve dug myself into a pretty horrible hole financially.
I am financially irresponsible. I grew up dirt poor. I’ve always been bad with money. I have a job. But I drown in bills. I’ve had credit cards that I have been paying for years, but the interest is horrific and I was spending more money than I had each month paying interest. My credit score wasnt good.
Recently I just said screw it. I stopped paying them. I was unable to afford groceries. It felt like a weight lifted off my shoulders.
My plan was to let them go to collections and just pay them off one at at time at whatever lower amount I could get. That was more financially feasible. My credit score wasn’t good to begin with and hasn’t been for years. I don’t need anything with my credit anytime soon and what’s done is done.
All but 2 cards are those dumb random cards with a $300 limit and 36% APR. My two bigger ones are $1500-$2200
Last night I was checking my score on credit karma and applied to a couple more cards and got approved. Again, those cards with high yearly payments and terrible interest. I woke up wanting to kick myself. I want to cancel them but I guess I cant until I get the cards…. I have since deleted Credit Karma.
I really dont need to hear how dumb I am. I need help. I am drowing. My mental state is heavily affected. Any advice would be helpful.