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  #1  
Old 10-18-2010, 01:39 AM
socialdeviant1982 socialdeviant1982 is offline
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Location: missouri/miller+usa
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Question would getting a credit card help my debt!!!

my girlfriend and i were helping some family out by living with us and by the time they moved out we had started to accumulate some debt with normal living expenses such as electric, rent, car insurence, now this month the total bills are about $1600.00. my girlfriend works 34 to 36 hours a week at 8.50h\r and im working about 20 to 24 hours a week at $9.00h\r, and this only last through the winter and then hours pick back up to 40 hours a week for both. What would be my best options for climbing out of this hole and getting back on the straight and narrow. P.S we have a 14 month old daughter if that makes any kind of diffrence..

Thanx
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  #2  
Old 10-18-2010, 08:55 AM
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DavidBibby DavidBibby is offline
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Default Re: would getting a credit card help my debt!!!

First thing to do is make sure you have food and shelter. Make sure the rent gets paid and that you have food for yourselves and your toddler.

After that.. prioritize what you have left.

How much are you going to make this month coming up vs how much you need to pay out?

Are there any credit card bills in the mix?

As for options... borrowing is NOT an option.. the only way out of a hole is to earn extra money to pay for things. Is it possible to get a 2nd part time job temporarily? If so.. use the extra money 100% for getting you out of the hole.. once you're out.. quit the job.

Would that work?
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Old 10-19-2010, 11:09 PM
neutrinoq neutrinoq is offline
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Default Re: would getting a credit card help my debt!!!

Definitely agree with David, very good advice!
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Old 10-20-2010, 05:29 PM
cjscully cjscully is offline
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Default Re: would getting a credit card help my debt!!!

Simple rule that will be true forever: You cannot borrow your way out of debt or any other kind of financial jam.
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