I’ll go ahead and start with the obligatory “I’ve never done anything like this before.” And believe it or not, it’s actually true.
If you take the time to read this, then God bless you.
If reading isn’t really your thing, then here’s the short of it: After my divorce, I needed to support my kids on my own. I chose to start a brand new career that I knew would change my life. In doing so, I incurred an insurmountable amount of credit card debt. My career is an awesome career and it pays well. But digging out of this hole has turned out to be harder than I imagined.
I’m 35 years old. I thought I would have it all figured out by now. Wrong! I feel like such a failure.
My new career is awesome, and it pays well. The issue is that I’m an independent contractor and my pay varies. I send out invoices to clients, and then I have to wait at least 30 days for my clients to pay me. Sometimes they take a bit longer. And on top of that, my clients can cancel the day before the job, leaving me with no job for the day. I can have weeks where I earn $2,000 or $200. It’s sporadic and it scares the crap out of me.
I have 22 credit cards — all maxed out. What did I buy with them? Groceries, electric bills, gas for my car (I travel for work), stuff like that. My career also required that I purchase equipment. I needed a specialized mask, industry software, and other stuff like that. I did NOT buy expensive luxury stuff. I used the cards while I was in school so that I could focus and get out in a timely manner and start living the dream.
I worked part time as a waitress while in school, but it just wasn’t enough. And then, once I started my dream career, I had to go 45 days without any income of any kind. All of my credit cards were maxed out by this point, so I resorted to less favorable personal loans with super high interest rates, thinking at the time that I’d pay them off in full once I started getting paid. But the bills just kept getting higher and higher.
I have four credit cards right this second that want a minimum payment of $500 to bring my account current. And that’s only 4 out of 22 cards!
I can hear what you’re thinking now. I should file bankruptcy. And maybe I should. I don’t know. It may come to that in the end. But right now, I’m fighting hard to maintain my integrity and I know in my heart that I owe every penny. It’s my responsibility to pay it.
I’m really just at a loss here.
Thank you for hearing me out. If you feel lead to help, here’s my link.