I'm so ashamed...

iVillage Member
Registered: 10-12-2005
I'm so ashamed...
3
Wed, 10-12-2005 - 9:20am
Last night I re-evaluated my cc debt, thinking I wasn't "that bad" and came to the realization that i'm over $30,000 in cc debt, along with anohter $15,000 in student loans. I thought I was on the right track, I transferred some of my debt to a 0% credit card and am paying it off little by little. I just paid all my bills for the month, leaving me with hardly anything. I guess I needed to just vent, but also am looking for some advice. Should I contact a debt management company, or should I wait a couple of months, pay more off the 0% and see how it goes? I'm so ashamed at myself, and am so sick of never having any money. I"m turning 29 next month and I feel like i'm not going anywhere with my life. Any words of advice would be greatly appreciated!
Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
Wed, 10-12-2005 - 11:34am

"You are NOT your debt" - a mantra used around here a lot!

iVillage Member
Registered: 10-12-2005
Wed, 10-12-2005 - 1:15pm
Thanks for the info! Right now I have only one card that is 0% and a good chunk of my debt is on it. The offer is good for a year and then it's 7.9 fixed. That was one of the best offers I had, so I took it. I have some high interest cards, and I hope I can pay some of those down in the process. I was reading on here about tackling the smaller amounts first? I think i'm going to try that, I have a couple of store cards that I haven't used in over a year but have $300 on two of them. I just want to get some of them out of the way, I think it will make me feel better.
iVillage Member
Registered: 10-12-2005
Wed, 10-12-2005 - 2:21pm

Hi Kermit,

Don't feel so bad- I am in exact same boat you are.. I am 27 years old and because of the finacial mistakes my bf made (and i loaned him $ from my cc) I am about 35K in cc debt with 15K of school loans. It's terrible. I feel like such a loozer as well, i haven't bought a single things for myself in ages. In addition, bf also has about 7K in his own cc debt and I am trying to find a debt consolidation company for him. So now we are moving out of our apt. and moving in with my parents to pay off some of the money.

Thanks