u/Constant-Style-3203

I’m a 27yr old single mom, went through a really rough divorce a few years ago. My ex was abusive and unfaithful. Out of fear and a need to get away from him I took on a bunch of debt to be able to leave safely with my toddler. Finally got the divorce and custody of my baby, but I’m left with about $19,000 in unsecured debt over about 5 credit cards and a personal loan. I also have a car loan, but I’m not as worried about that.

I feel like I’m drowning, and it’s continued to snowball as more things keep coming up - car repairs, medical expenses, etc. I had 0 debt before my ex and I hate having debt. I want to get out of it but it feels impossible. My credit is a 574 rn. I used to have an 800 credit score. It’s devastating really.

My parents never really taught me about handling debt or much about handling finances, investing, anything. I don’t have anyone to go to for advice. Can someone please tell me the best way to deal with this? The consolidation loans I’ve found aren’t much better than the cards as far as interest rates go, and I don’t think my credit is good enough for a balance transfer card. But it’s stressing me out trying to keep up with payments on all these cards and the loan. The snowball method isn’t really even making a dent because I keep getting hit with the interest.

I don’t know the best loans to get or even how to find one that will be lower interest than what I’m being offered on CK (28% interest rate).

If I filed for bankruptcy, would I lose my car? It’s a 2018 Nissan Altima with 93k miles. I owe about $14k on it, and it’s worth I think about $7500. I’m located in KY.

If I won’t lose my car I’m honestly probably going to just look into bankruptcy. I have a place to live and if my debt was gone I have no reason to take out any new loans or other debt. I don’t even need credit cards.

Any advice on how to deal with this so I don’t have to be so stressed would be greatly appreciated. Thank you!

Hey everyone. Exhausted 27yr old single mom here. I went through a really rough divorce a few years ago. My ex was abusive and unfaithful. Out of fear and a need to get away from him I took on a bunch of debt to be able to leave safely with my toddler. Finally got the divorce and custody of my baby, but I’m left with about $19,000 in unsecured debt over about 5 credit cards and a personal loan. I also have a car loan, but I’m not as worried about that.

I feel like I’m drowning, and it’s continued to snowball as more things keep coming up - car repairs, medical expenses, etc. I had 0 debt before my ex and I hate having debt. I want to get out of it but it feels impossible. My credit is a 574 rn. I used to have an 800 credit score. It’s devastating really.

My parents never really taught me about handling debt or much about handling finances, investing, anything. I don’t have anyone to go to for advice. Can someone please tell me the best way to deal with this? The consolidation loans I’ve found aren’t much better than the cards as far as interest rates go, and I don’t think my credit is good enough for a balance transfer card. But it’s stressing me out trying to keep up with payments on all these cards and the loan. The snowball method isn’t really even making a dent because I keep getting hit with the interest.

I want to consolidate, pay off the credit cards & stop using them, and just have one payment every month. But I don’t know the best loans to get or even how to find one that will be lower interest than what I’m being offered on CK (28% interest rate).

Any advice on how to deal with this so I don’t have to be so stressed would be greatly appreciated. Thank you!

Hey everyone. Exhausted 27yr old single mom here. I went through a really rough divorce a few years ago. My ex was abusive and unfaithful. Out of fear and a need to get away from him I took on a bunch of debt to be able to leave safely with my toddler. Finally got the divorce and custody of my baby, but I’m left with about $19,000 in unsecured debt over about 5 credit cards and a personal loan. I also have a car loan, but I’m not as worried about that.

I feel like I’m drowning, and it’s continued to snowball as more things keep coming up - car repairs, medical expenses, etc. I had 0 debt before my ex and I hate having debt. I want to get out of it but it feels impossible. My credit is a 574 rn. I used to have an 800 credit score. It’s devastating really.

My parents never really taught me about handling debt or much about handling finances, investing, anything. I don’t have anyone to go to for advice. Can someone please tell me the best way to deal with this? The consolidation loans I’ve found aren’t much better than the cards as far as interest rates go, and I don’t think my credit is good enough for a balance transfer card. But it’s stressing me out trying to keep up with payments on all these cards and the loan. The snowball method isn’t really even making a dent because I keep getting hit with the interest.

I want to consolidate, pay off the credit cards & stop using them, and just have one payment every month. But I don’t know the best loans to get or even how to find one that will be lower interest than what I’m being offered on CK (28% interest rate).

Any advice on how to deal with this so I don’t have to be so stressed would be greatly appreciated. Thank you!