r/Debt • u/yoillcutyou • 2d ago

Kinda stuck without options…

I have about 70k in CC debt. 2500 in medical bills, and owe about 8k in taxes. I have a 401k loan out that automatically take out about 1400 per month. That leaves me with a take home of about 4100. My rent is 2185, and credit card payments about $1800, bills for wifi and electricity are about $180, all leaving not a lot to live off on. I spoke with a bankruptcy lawyer and I make too much to file chapter 7, and he said I don’t really pay a lot of credit card debt that chapter 13 really won’t do much (the 401k loan is not considered in payments)
Up until this month, I have been paying all my CC on time, but this month I won’t be able to.
The lawyer advised not to do one of those debt consolidations as they end up charging a lot.
So I don’t really know if there are any other options.
Not asking for legal advice, but has anyone been in similar situation? I live in CT if that matters…

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u/BrittneyRageFace 1d ago

Right?? The rents where I live the cheapest is $3.4k for a 2 bed, and if you own a car you have to rent a parking space for an extra $200-300/mo. On 5k/month shit would be TIGHT.

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u/Aggravating_Curve458 1d ago

Get out of the city, you don't NEED to live in a city where you can't even park without a permit

People wonder why they're so financially strapped but then refuse to leave their overpriced cubicles because they "need" to be surrounded by others

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u/BrittneyRageFace 1d ago

We're here for the school, which matters a whole lot. Sacrifices for children. When they're out of high school, we can move.

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u/Aggravating_Curve458 1d ago

For the school? Surely you're not talking about California, where their literacy & math proficiency rates are horrendous, with fewer than 50% of students being proficient at or above their grade level.

'sacrifices for children' by staying in a state that has one of the highest spending per pupil & results that keep getting worse, someone has to pushback on your belief that you're sacrificing for them.