billsbigego
Well-known member
Have about 30k in debt. Sweetwater 5k, Affirm 3k, Credit card 20k and a couple other small ones. We were doing good, but I had a carpentry injury to my right hand index finger and now I'm paying a huge deductible on that and wife has some medical bills as well. This sort of set us back a little bit. But most of the issues are due to financial stupidity.
Problem with me is I'm depressed and hate life and have bought all this crap to fill the void, which of course doesn't work. I usually pay off my music stuff quickly with my side job which is carpentry. But everyone is broke and work is not coming in like in past years.
I really don't want another Heloc. I have 8 years left on Mortgage and at a rate of 3%
Wife and I are both not good with money. Spend way too much buying stuff we could do without from Amazon.
Other options
Debt consolidation. Transfer CC to a 2 year 0% CC, but that only will work if our current %age rate will be less than whatever the rate will be after the 2 years. If we can't pay off the card in 2 years, then we could be worse off I assume?
Debt consolidation loans seem to be a scam right? They tell you to not pay your debts, then they negotiate with the companies to get a lower rate and your credit score tanks. Not that I really care about credit score, no credit = no debt right? Or is my thinking flawed?
Right now we're both in the high 700's as far as credit score.
Problem with me is I'm depressed and hate life and have bought all this crap to fill the void, which of course doesn't work. I usually pay off my music stuff quickly with my side job which is carpentry. But everyone is broke and work is not coming in like in past years.
I really don't want another Heloc. I have 8 years left on Mortgage and at a rate of 3%
Wife and I are both not good with money. Spend way too much buying stuff we could do without from Amazon.
Other options
Debt consolidation. Transfer CC to a 2 year 0% CC, but that only will work if our current %age rate will be less than whatever the rate will be after the 2 years. If we can't pay off the card in 2 years, then we could be worse off I assume?
Debt consolidation loans seem to be a scam right? They tell you to not pay your debts, then they negotiate with the companies to get a lower rate and your credit score tanks. Not that I really care about credit score, no credit = no debt right? Or is my thinking flawed?
Right now we're both in the high 700's as far as credit score.