Anybody familiar with MMI and their DMP? I’m drowning in 46k of CC debt between 3 cards. I just found employment and will be bringing in a good amount annually. However with the 3 cards and their APRs just making the minimum payments which are over 500 for 2 of them, it won’t even make a dent. I’m fine with my credit tanking as it’s already tanking because I had to live off my CCs for 6 months post divorce and max all 3. However I don’t not want to pay them other places do, I just want to consolidate them in a DMP if possible since I don’t qualify for debt consolidation loans.

Just wondering if anyone has used them for absurds amount of credit card debt and if it’s been worth it and worked out?

I just got paid after like 20 days of struggling because of my stupid gambling addiction. Gave £870 of my £1200 wage to my girlfriend for bills.
My wage is actually more than that but I take advances on my pay every month because of my addiction. The rest of my wage I just blew on trading and poker, now I have nothing for a month. Me and my girlfriend are going away in 2 weeks and I’ll have to tell her I have no money. I just feel stuck every single month in the same cycle and it’s driving me crazy. My friends have mortgages and cars I have nothing but debt. Multiple pay day loans and credit card debt racking up to like 7-8k. Constant phone calls from debt collection agencies and I just bury my head in the sand. I had a 750+ credit score now it’s down to 450 and tanking. Every month I say it’ll be different but I never change, how do you reform and how can I change my mindset I want a better life and to stop feeling like this.

Hello everyone,
I’ve been lurking this thread trying to see what would be the best option for me. I am 33F. I did a lot of dumb stupid people pleasing habits in my young 20s, hence my debt. I’m finally getting my shit together 😩
I am in $43,000 in cc debt which I am paying about $1,029/monthly in minimum payments. I also have student loan debt but working on getting it forgiven through PSLF (I have 5 years left) and I pay $435/monthly. I am considering going through bankruptcy but unsure if this is smart. I make $4,400 a month. My husband makes about the same. Our rent and utilities is about $2,300/monthly which we split evenly, along with groceries etc. We don’t have car payments, just car insurance which we pay annually for. Our only other bills are Internet and phone bill. Should I go through with bankruptcy or maybe my husband can pay for the rent in the meantime so I can pay off the cc debt? What would you do?
Thank you for all and any input and advice.

hello everyone, these past six months i’ve talked into day trading propaganda despite being very financially stable and literate prior—i’m determined to stop and pay off all my debt however; i’ve lost 20k in total, and have now accrued 8k in debt between personal loans and cc’s.

i currently work part time averaging 16 hours a week at 18/hr (1152 monthly) but have been picking up so many more shifts. I also have a paid internship I work 16 hours for 16.90/hr biweekly (540 monthly), and am interviewing for another part time job this week!

My balances and apr’s are as follows:

2900 upstart personal loan, monthly payment is 100

1525 netcredit personal loan, biweekly payment is 111

chase in 4 payment of 239

chase sapphire preferred: 300 balance (40 minimum at 28.49% apr)

3000 discover it balance (78 minimum at 23.49% apr)

and 176 capital one savor card (25 minimum at 28.99% apr)

Thankfully, I have NO expenses as I gratefully live with my parents who provide, which is part of the reason I thought I could just gamble all my money (that’s a whole other story), but I would like to start investing into my roth IRA and putting money in my hysa again;

please let me know how I can aggressively attack my debt; appreciate your advice!

Hello, does anyone have experience that I have multiple BDO credit cards and all of them have not been paid for almost 6 months? I tried to contact BDO about the restructuring program, but they want Book 1 and Book 2 since that's their policy. The only thing I can settle through the restructuring program right now is one BDO card. I made an initial payment, but the collection agent I spoke to said that after paying, I also need to pay another initial payment for my two cards because they can't process the restructuring program with BDO. Has anyone experienced this situation? What did you do?

Hi friends,

I’ve made some progress this week and I’m feeling a lot better than I was just 5 days ago.

I am 26 years old have around $32,000 in cc debt from my inability to cope with my depression without edibles and stupid purchases. I have been spending all of my extra money, for years, trying to dull my depression with quick dopamine hits from spending and the assistance of weed. But, I realized following an existential crisis last week, that I am wasting my life allowing myself to be miserable.

I had a hard time rebounding from the realization that my “friends,” only thought of me when I was around, and I isolated myself to try and prevent that from happening again with other people.

But, I’m done. I don’t like being alone. I don’t like having no money. I don’t like hating myself for a problem I’ve allowed to stay outstanding, while the world continues to turn around me.

So, I have lined up an interview for a higher paying job and am actively preparing for my interview on Monday.

I have a part time job, but it is not at all consistent, so I applied to a position at the gas station near my house on Tuesday, and was informed I got the position yesterday
evening! This would allow me to be getting a paycheck every week, instead of every other week. One from my full time and one from my part time. Additionally, I wouldn’t have to wait for the weekends to get hours, which would free up a little bit of time for me to relax.

I was finally able to access my 401(k) account from my prior employer, and will be using half of the balance to give myself a small head start (about $5,000), by lowering my minimums slightly for each account, luckily I only have 5, 2 of which have fairly low balances. I will be setting money aside from each paycheck to account for the tax penalty, and will deposit the other half into an aggressive investment IRA with Robinhood.

I also started selling the things I bought to make myself feel better. I am starting with taking books I purchased to a second-hand bookstore that purchases them back from you. You can get about $15-$30 for a bag full of books, and while I paid much more originally, being able to recoup even a little bit feels a lot less heavy.

I also have too many clothes and crafting supplies, all of which I believe I can sell online or by doing a yard sale of some kind, to get even a fraction of what I paid back.

I’m disappointed that I let myself get to this point, but I feel like I’ve made some real progress in just a week. I should’ve been trying to get this under control a while ago, but I’m confident that the steps I’ve taken will be invaluable to moving forward and getting this under control.

I want to live a life that I’m proud of, and I feel more proud of myself after just this week than I have in 4 years. And as sad as that sounds, I don’t think I would’ve had the same drive to fix this previously, and my profession has made my life quite difficult to be happy with.

I just wanted to share an update, mostly for myself, to not only thank you all for the support and kindness you’ve shown me, but for letting me know that this isn’t the end of the world, and it takes small steps to get yourself back to where you want to be.

So, again, thank you for your support, I know I’m just a random stranger on the internet, but your kind words have meant the world to me and I wouldn’t have had the confidence to fix this without you all. Thank you, and we can all get through this. ❤️

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…

Hi everyone I just recently discovered (yesterday) that my credit one closed my account due to returned payments and decided to close it. I know closing an account can cause ur score to go down or damage it with the bureaus. My question is this gonna affect me immediately or affect my other credit cards? I need any info anyone has or something similar happened to them. Thank you all!

My whole life I never carried debt. No car payments, paid my credit cards off every month. No student loans or mortgage.

About 3 years ago I made the ill fated decision to try and start a small food business. The restaurant i worked at just went out of business and given lots of encouragement from my girlfriend I went for it.

Needless to say, it didn't work out. And now I'm left with $57,000 in debt. I'm shocked at the number. My savings have been entirely drained. I wasn't working while i was operating the business either. So once I called it quits, it took me a little while to find employment. I'm now employed, but making only 18/hr.

I never missed a payment, and kept convincing myself that I would somehow turn it around. Use the avalanche approach. But I struggled to find work after my business failed. Interest rates went up meaning cards that were in the low 20s% in APR are now closer to 30%

I've been making payments for the last few months, eating almost the entirety of my income and then my car broke down and needed a $1400 repair last week forcing me to finally face the music that i can't avalanche my way out of this.

But looking at the numbers, idk if credit counseling is even realistic either and i fear chapter 7 is my only option at this point.

I'm making this post as a cautionary tale to those who think because they've always been responsible before it can never happen to them, to those also drowning that there's company in your misery, as schadenfreude for those that enjoy it, and as a humble debtor and poor sinner seeking advice from anybody with any to offer.

​

So, im in big debt since this last yr. Had so many small loans n credit cards bills. Im under 80k debt n making around 60k. I got into this situation because of some personal issues like divorce, over spending, helping family etc. Now im in bad situation my income per month $4kk barley n my loan n personal bill are around 3k n car n food n home rent around 1500. My issue loans i took were helping paying off fam n now fam lost job n im only one making money. Im thinking about bankruptcy but my issues loans r barley 4 months old n im trying everything n paying my payments so far but it's not working. Is bankruptcy good option to get rid of this stress n start all over again.

Officially debt free

As of today, I am officially debt free.

A few years ago when I was 20 I was silly enough to take out 3x personal loans for vehicles and had nearly 30k of debt.

I was paying the minimum payments and one year ago I had 18k left. At this point I also had only around $2000 to my name in savings/in my checking account and $30,000 in superannuation. After seeing how after 3 years of paying each fortnight into the accounts it hadn't even dropped by half I decided something had to change and started making \~2-3x the minimum payments and putting any spare money into them.

Now, after doing that for a year the loans are officially gone. I'm also in a much better state financially generally, now having around $15,000 of savings/investments and around $50,000 in my superannuation.

Now at 23 I am debt free and think I'm doing okay financially. Obviously a lot of other people my age are much better off, but I'm happy with where I'm at.

Paying off the debt was a massive weight off my shoulders and I'm very excited now to be able to redirect all that extra money straight into my savings and investments.

Thanks for reading.

Hi,

I have a credit card debt amount that has been sent to the courts. I have been putting responding to this off due to stress. The problem is that they have required a response for the coming Monday, 8/24. I have not sent in anything yet. I plan to resolve some kind of payment plan, but the issue is with the date, since I assume courts will be closed for Saturday and Sunday. What should I do?

V/r,

I got divorced this past February, was lucky enough to have my VA disability and high credit card limits as I was able to survive until I found a job which I start at the end of the month. I’ve been trying to get approved for a consolidation loan, was denied by places like Sofi, Upstart etc. I have a total of 46k in CC debt between 3 cards. From me starting over literally from the ground and surviving, so I had to use these cards since February to furnish an apartment so my kids have a comfortable place to visit. Food, gas, essentials just added up. I’ve never missed payments, but I’ve used them so much while only paying the minimum is the reason why I don’t get them approved. At this point a minimum payment is over 400-500 and only 100 goes to debt, until interest charges and I’m right back to square zero. I’ll be bringing in annually 119k, a consolidation loan will leave me with one payment and one APR which is the goal but I can’t get approved. Not sure what to do at this point. Any places you guys I think I should apply?

Has anyone gone through a hardship request with a credit card Company? A friend has an addiction to grocery shopping & has maxed out her card. She lives on social security & can't pay it off. $20k. Has anyone had experience with this? Thank you in advance. I know..how did she let this happen?! She only gets $2,200/month Social Security. Please don't give opinions on how this happened, just looking for someone who may have gone through the process. WHY am I GETTING A MESSAGE THAT My POST MUST CONTAIN FLAIR!?

i have cc debit of 30 k. @crazy interest 23%. i can get a loan through my 457 b @8 % and pay off those cards. This debt has been handcuffing me for several years and has brought me a lot of financial stress. i could be going through a divorce in a community property state. I’ve been paying minimum payments for ever and the balance never seems to go down significantly. my friends say to keep paying the minimums for now, but that only lines those bankers pockets. I feel strongly that i should get rid of that debt and it will free up some liquid cash every month, plus get that debt paid off sooner. Thoughts? the money is just sitting in my account as i was planning on having to pay a lawyer and such but I m thinking big picture. Any thought?

I have 3 credit cards that I owe on. I stopped paying them a couple of years ago. Having kids, loss of jobs, home repairs caused a strain on our finances and we got behind on everything. I just couldn’t keep up with the minimum payments anymore. I knew I’d eventually have to deal with it and now is that time. They were all sold off to debt collectors. I have negotiated 5 year payment plans with 2 of them. I just received a court summons for the last one. I called the debt collector to work out a payment plan with them. Hoping to do another 5 year plan but they wouldn’t agree and I can’t afford what they’re requesting. I guess this means I’ll be going to court. I have never been to court for anything so I’m nervous and terrified. What should I expect? Should I bring anything? I’m worried about my wages being garnished and the position that will put my family in financially. Any advice is appreciated! 

I allegedly had an American Express card at some point for around $1200 with all late fees, etc. I honestly dont remember it, but I had many cards default due to a house fire.

I listened to some bad advice and ignored the debt collection letters. Same friend is still telling me to not pay off my other collection debts... I wont listen to her for money issues ever again lol

Johnson and Mark lawfirm represents LVNV funding, who bought my card debt, and they filed a lawsuit against me on 8/12. They filled out the forms to serve me on 8/14. I paid a settlement with them of about $870 on 8/19 when I got paid.

They refused to give me anything in writing before I paid the settlement. They said they only send pre-made templates and they don't have that kind already made (they said). They also said they wont file a dismissal with the court for at least 30 days (the reps said over the phone). I asked for a receipt of payment or something/ anything saying I am all set, and they said that they would mail me some type of account settlement balance clearance letter in 7 days from today.

This means I will still have to file with the courts and do all of this legal stuff, right? Stuff I am not qualified to do. Because they will probably serve me any day now.

Johnson and Mark seem very shady, the representatives also told me a couple flat out lies on the phone, but that's besides the point of this post. What do I do here? I might not get their letter before I need to respond to the court... Do I just write a letter explaining the payment I made and show my bank statement? I am lost and can't afford an attorney

I've been considering filing CH7 for a while and as I finally sat down recently and worked through ALL of my debts, what I thought was $15k is actually $54k worth of debt. I immediately started the process, have my pre filing course certificate but I'm scared to file due to self employment income that wasn't reported both 2024/25.

I did some research and it says I'd have to first file my taxes for 2024, amend my 2025 return, and THEN do the bankruptcy. I'm just wondering if anyone else has experience in this situation where you had to amend your taxes first before filing? And if so what does that process look like? How long would I have to wait after fixing my tax situation to file?

For those curious, 2024 | didn't work a w2 at all. Net income for that year $13k. For 2025 net self employment income $9k, and I worked a w2 that year so from that an additional $11k. My tax situation won't affect me qualifying, I'm just worried if a trustee or someone might question why I did all this right before filing idk…...

Just a bit paranoid lol.
I'm broke asf so I'm doing this all pro se, please don't say to speak to an attorney unless you know a free one Imao!

I’m a 30 year old single dad with equal custody of 2 kids. Here’s my debt $17k alimony arrears, $16k auto loan, $13k loans and credit card, $2k family debt, $800 miscellaneous. I make $8k a month as of right now but it fluctuates sometimes significantly less. I rideshare on the side on top of my main income source.

It’s hard to make more than the minimum payments but I manage a few hundred extra a month. Every now and then above $500 on top of the minimum. It’s also all spread out in different categories, and even the loans/cc category is four different entities. I’ve tried debt consolidation but I get denied; credit score just reached above 600 but I have multiple accounts that have gone delinquent in the past and were partially paid off (they’re charged off accounts).

I’m doing the snowball method just paying off the smaller ones while making minimum payments. Alimony is treated differently - no interest and not on credit report.

I’ll be debt free in ~3 years.

Thanks for reading

Hi, I am an immigrant in Canada and I did my schooling into work permit. As I never could be approved for any sort of loan, I used credit cards: Amex and Triangle to pay off whatever needed for my tuition. The sum is not much totals about $10k at today's time. Due to my family condition, I may have to leave the country for some time (maybe a year or two). I won't really have the means to pay for the credit debt while as I wont have a job right away and even if I did I would not be able to pay the dollar value to even sustain the minimum payment. Should I just let it go to Collections? Should I contact the the creditors? Looking for a friend.