4.6 • 682 Ratings
🗓️ 22 April 2025
⏱️ 8 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. So I've gotten myself |
0:08.0 | into a situation where I have a couple hundred thousand in credit card debt and loans that I've let |
0:15.9 | go delinquent. And my question is, do I let it sit there and fall off my credit report? |
0:22.6 | My research showed maybe it falls off in seven years or do I attack it? |
0:27.6 | And the reason I ask that is we're kind of attacking my wife's debt and my truck payment. |
0:33.6 | And those debts are about 100,000 and we're using a snowball method starting that now to attack those debts. |
0:41.9 | And I just cannot afford to pay these other debts. |
0:45.3 | And part of my question may have been answered. |
0:47.5 | What the flip did you buy for $200,000 on credit cards? |
0:51.5 | A lot of stupid decisions. |
0:53.1 | It's a bad luck. |
0:54.0 | You know, I just living a good life. |
0:57.1 | How old are you? |
0:58.4 | 52. |
0:59.9 | And my wife is 52. |
1:01.2 | It's our second marriage. |
1:02.0 | What's your household income? |
1:04.2 | She is a nurse. |
1:05.6 | She brings home, takes home 7,500 a month. |
1:11.2 | And right now, unfortunately, I'm in between jobs laid off. |
1:15.8 | And so I'm driving Uber and probably make $4,000 a month doing that. |
1:20.9 | What were you making at your old job? |
... |
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