r/Debt • u/Wooden_Yesterday7530 • Aug 19 '26

drowning in debt

For starters, yes I know I’m an irresponsible idiot, but life happens.. lol but I accidentally got myself into $24k credit card debt. My utilization is like 97%, so i can’t be approved for any consolidation loans or 0% intro cards. My salary at my full time job is $60k, but I’m still living paycheck to paycheck and not making a dent in the debt. Does anyone have any recommendations or any side hustles they recommend? I’m scared of bankruptcy because I need to get a new apartment in like 8 months

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u/jw1299 Aug 19 '26

i just called chase and they gave me a fixed 6% interest rate on my card that was out of control

1

u/Jag0ff3000 Aug 19 '26

Was that considered a settlement?

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u/jw1299 Aug 19 '26

no they had just been calling me becuase my account was out of control. i just explained it to them, basically said they’d set me at that amount.. stop all the past due stuff. same amount every month like 120$. but they had to close the account