Dec 18 2005
single mom in serious debt searching for answers, and a way out?
Courtney S asked:
AHH, ive gotten myself into quite the hole, but at the young age of 24 I just know there MUST be a way out. I went to college for 3 years, and while i was there I got a few (3) store credit cards that I racked up a small amount of debt on (under 200) and NEVER PAID. It got to the point that I didnt realize how it was effecting my credit and before I knew it, my student loans were not given for my final year as a result. I left school, and started working as a waitress w/ hopes of making enough money togo back. Well one year off turned into 3, and then I ended up w/ a BEAUTIFUL baby. In the meantime, I neglected to pay my student loans, and found myself in default. Add on top of that my debt from childbirth that was not covered thru insurance (around 7 Grand), and finally, my car was totalled a month ago, leaving me with 3,000 left to pay off. (I had a loan with a 20.2% interest rate that I DID pay on tiem) I am so deep in debt and as a single mom, I need a way out. Help!
I should add, the student loans are federal and private, totally around 80,000. I am a bright girl and I know I could and should have a good future, I just dont know how to start. As a single mom its hard enough getting clothes on the girl, food on the table and rent paid. At the end of the month I have literally no savings….
AHH, ive gotten myself into quite the hole, but at the young age of 24 I just know there MUST be a way out. I went to college for 3 years, and while i was there I got a few (3) store credit cards that I racked up a small amount of debt on (under 200) and NEVER PAID. It got to the point that I didnt realize how it was effecting my credit and before I knew it, my student loans were not given for my final year as a result. I left school, and started working as a waitress w/ hopes of making enough money togo back. Well one year off turned into 3, and then I ended up w/ a BEAUTIFUL baby. In the meantime, I neglected to pay my student loans, and found myself in default. Add on top of that my debt from childbirth that was not covered thru insurance (around 7 Grand), and finally, my car was totalled a month ago, leaving me with 3,000 left to pay off. (I had a loan with a 20.2% interest rate that I DID pay on tiem) I am so deep in debt and as a single mom, I need a way out. Help!
I should add, the student loans are federal and private, totally around 80,000. I am a bright girl and I know I could and should have a good future, I just dont know how to start. As a single mom its hard enough getting clothes on the girl, food on the table and rent paid. At the end of the month I have literally no savings….