In debt due to business and stupid decisions. Need advice.
I am 800k in debt. 2024 i had some savings around 200k. I made the mistake of letting my boyfriend decide what to do with it. He urged me to open a business that back then for me didn't sound so bad. On top of that, I got approved for a credit card with around 400k credit limit.
I was planning to open a small business that I can manage while working, however, he suggested that I open a bigger business that ended up costing me around 400k (200k savings + 200k cc) to start. I was hesitant at first since I wasn't ready to risk an amount that big but he assured that he will take care of it(he is unemployed).
Long story short, the business didn't end well. Daily sales weren't enough to sustain anything. I applied for other CCs since I maxed the first one so I can pay for the dues and bills. I left him since I ended up from living comfortably to barely making it through the month because of the minimum dues and bills the business accumulated. Love became hate. I am now 800k in debt. To make matters worse, I lost my job. I dont know what to do and how to pay. I kept applyimg for other jobs but no luck.
Even if I get a job, I pay 30k in minimum dues which will not even reduce my debt. How can I get through this? Ive been OD for 2 months now.