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I feel pretty hopeless right now

User Profile: adaptablePenguin7179
adaptablePenguin7179 August 2nd, 2023

I just calculated my debt because I have to keep borrowing from my parents to not go overdrawn. They obviously cannot keep giving and giving. I feel awful, it is just under $9k. Just feel hopeless about it all. I make $25000 a year. A lot of my debt came from school stuff that I had to do in the first year, and daycare. Which I put all on credit cards because I could not feasibly afford it on my wage. And then I stupidly chose installment loans to try and get by. Which added to the debt. I had decent credit until I fell behind on one cc. Then that's when I chose the installment loans to pay the minimum on the cc for a few months, and it made my debt worse. Obviously. I feel stupid. So so stupid.


Anyway, my parents have told me we are going to talk about my whole debt situation today over dinner and I am freaking out because I am ashamed and stupid feeling and I don't want to keep having to ask them for help. I feel like an overgrown child and a burden.

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User Profile: toughTiger6481
toughTiger6481 August 2nd, 2023

@adaptablePenguin7179

Do not feel that way many many others in your shoes ....they thought in short term CC would get them by but it always snowballs ...... That is the plan by the CC issuers. I think you have a good grasp of what happened and now just maybe time to review what you can do to turn the tide of debt.