How can I get out of debt?I doidn't have financial literacy until a month ago. I have like five 400% APR loans that are draining me dry. I'm late on all my bills because of it and I have practically no credit, my situation keeps spiraling. I asked for a $4000 loan (thats basically my total debt) from a credit union and they were willing to extend me $1000 of credit. What the fuck can I do? I can't pay bills because of crazy loan rates, if I had a lower rate I could pay. Why don't they understand that? Where can I get help? What the fuck do I do? I make $50K a year, don't they understand that I could pay $200/mo vs the $1000/mo I pay now?Anyone else gotten out of a shitty debt spiral? I need help guys :(
>>61017465KEEP DEBT MAXXINGkeep leveraging more debt from increasingly shady sources to keep paying interest on the current debt without ever paying back the initialFREE MONEY GLITCH
>>61017465google dave ramsey baby stepsbeans and rice
>>61017481That's how I'm here :(
>>61017484First step: save $1000That doesn't help me :(
>>61017495skip to step 2 then
>>61017465just don't pay, it's their problem
>>61017465Tell the bank to send their largest and most powerful jew and then defeat it in mortal combat.
>>61017499I'll try, but I can barely cover my bills. I don't get paid for another 2 weeks, I probably will run out of gas money before then, so theres no saving, only draining right now>>61017508Can't stop them withdrawing from my account, hitting me with a $35 overdraft fee for each charge.>>61017513It's Kombat
>>61017536close your account, do everything on the black market 100% barrani
>>61017627only in argentina you can do that, fat moishe lover
>>61017465>gm your honor my client says those were practice lines of credit
If you're for real, which I'm doubting, you seriously need to follow Dave's steps. The $1000 is for actual emergencies like your car tire falling off. Then you make sure you pay for your home, utilities, food, and transportation. Then, any and all remaining income is for paying debt. Pause retirement contributions if you have to. Just until it's paid off. Do not consolidate debts. Snowball method, lowest balance to highest, will get you out. The idea is you pay off ankle-biter debts, which frees up payments, then you can attack larger ones. $50,000 a year means about $3k a month after taxes. If your bills are eating all that ho, you either need to really stop and review, or get a higher income. You can easily pay off $4k in a couple months. Ask me anything, but don't be a lying cunt.
>>61017465I used a Wells Fargo transfer balance card to pay off my debt like 5 years ago. I think it was the Reflect card. They still seem like the best card to do this right now. You agree to a transfer balance fee, and they give you something like 2 years to pay off a large balance before they start charging interest.
Once I paid off my debt, I was able to start paying into my 401K, stocks on the side, bitcoin, and even gold. I climbed out of a bad hole, I think you can too.
>>61017536>I'll try, but I can barely cover my billsrice and beans
>>61017484Kys
>>61017739Why tf would I lie about this shit? I'm struggling dude, I wouldn't ask for help otherwise. I'll listen to what you say, it just feels like I'm at the bottom of the put>>61017827Thanks for the info, I'll look into it>>61017867On it
>>61017739Actually, nvm, just read the middle of what you posted. You really think I'm contributing to my retirement when I can't pay my bills? I need to pay off my debts before I can have $1000 lying around as well, magical thinking doesn't help. And you call me a liar? Literally anyone else contrubute besides this asshole
Guess I coulda also said "don't be an asshole" but you tipped your hand there. Think we found the problem.
>>61018689I don't frequent this board so I don't know, maybe people do lie about that shit. I am not. This is how much the loans total to each month, not counting overdraft fees. Take off the 150 even
And this is just overdrafts
>>61017465>I have like five 400% APR loanslol
Post your monthly expenditures or gtfo.
is your current debt with any bank? maybe you can work with them for a loan repayment. Maybe even re-amortize it over a longer period of time (it still pays them more interest over the life of the loan, but you can at least have some breathing room now) They'd rather get paid back somehow than not paid at all.
>>61017465That dog is a CHUD
>>61018747Nah, I have Chase and they don't do personal loans. Any advice for convincing a credit union I will be trustworthy?
>>61018776How about a regional community bank? Some of the smaller ones might help if the credit union doesn't. It's worth shopping around a little if you have a steady form of income.
>>61018805Honestly, what's the difference? I thought they were the same
I don’t have names OP, but there are non-profits out there which will help you consolidate your debt. I would do some googling, I almost worked for one years ago but can’t remember the name.
OP, what is your income? What are your expenses? The easiest thing to do would be to trim the fat off of your expenses temporarily (inb4 beans & rice, pause subscriptions, don’t eat out, etc). The next easiest thing to do would be to increase your income. Can you donate plasma? Can you take a part-time job somewhere? Perhaps sell your collection of funko pops, or an old laptop that still has some value?Paying off debt sucks, but it’s 100% worth it to get the Jew off your back. Pay it off as quickly as you can. I’m rooting for you.
>>61017465Emigrate to Belize. They speak English
>>61017465400% APR WTF. How do these brokies think this fine, yeh ill sign that, thank u!
>>61019215>who iphone i gotta steal to make that last 78% retail value (of 8) payment on deez rimz
Double down on the credit and then declare bankruptcy, unless it is a student loan debt, anything else debt is forgivable. Literally glitch on the system.
>>61017465lol why not just not pay it
>>61017465>like five 400% APR"like"? You should know exactly how many."400%" don't reproduce.
>>61017484This guy is retarded I can't believe has a show based on being asked for advice. I have never once heard anything unique or special from him. It's the most base level boomer advice for finances imaginable.
Look online for debt consolidation companies. Check their reviews. They will buy your loans from all the different lenders and give you a much lower rate. Just check their customer reviews and their math before signing anything.
>>61019359I agree with Dave Ramsey about 90%. True most of his financial advice is common sense, but that’s what some people need to hear. I also agree with him that money is a behavior problem and not a math problem for most people. Most people have enough money to live comfortably, they’re just used to buying things they can’t afford and haven’t figured out that they can stop.
>>61017536Bro, if you have to choose between paying loans and food and gas, you tell the loans to go fuck themselves. Your credit is already ruined, so just let it go completely into default while you try to get a stable income and life. Let it go to collections and settle with them for $1000 in a year or two. Stop borrowing money by the Talmudic oath
>>61019387Is this real? It's autowithdrawn, and my pay is direct deposited, what can I really do? I really want to believe you>>61019365I will, anon, thank you>>61019308Tell me more about bankruptcy, won't that prevent me totally from good credit for a decade?>>61019215Hah, yeah. Thought I could cover it, but then emergencies kept popping up and I screwed myself for it. I have 2 trucks, I was about to sell one but the engine seized on the other. That would've been a ticket out :(>>61019345You offerin?>>61019351Indeed, I forgot, was typing this in a hurry at work. It's 4, paid every 2 weeks.
