I am new to the forum. I am in a bit of a pickle. Ha! I recently finished graduate school and did not have a full-time (well paying) job for a little over 3 years while doing so. My program did not allow the flexbility that to be an option. However, bills continued to flow and I lived off of my credit cards. I graduated in May and I am working, which is great but I am waaaay ABOVE my head in debt. I make 60k/yr I pay $ 800 a month in rent and I have 6 credit cards, which are all pretty much maxed out from my time in school. Two of the six are retail cards. My credit limits range between $ 1,500 and $ 5,000. To add insult to injury, I also took out 4 personal loans in the last 3 years. I know… I know… MAJOR mistake!! I should not have done this. Each month, I pay 1,100 alone in loan payment. These are minimum payments, mind you. I know it will be a slow process to dig myself out of this, but I was wondering if anyone has any suggstions or advice on how I can start to pay off some of my debt and work on re-building my credit. My TU credit score is 604, EQ: 565, EX: 634. Needless to say, I am stressed!
Thanks so much!!