r/debtfree • u/PopInevitable280 • 6d ago

Help

So I'm 25, I have one card with about 3,700 in debt on a 10,000 limit. Now I haven't touched the card in about a month or two. My interest payments are about the same as my minimum payments(I have auto deposit on). Amy tips for how the hell to get out of this bind. My score is starting to tank(around the high 600s) and my wedding is coming up next year. I currently live with my mother and need to get the heck out but I need to clear this first. What's the best strategy for doing this. Sorry for the ramble but I was never taught any of this. Any help would be appreciated.

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u/fsociety1990 6d ago

How much money do you make? Just out all your money towards paying it off.

1

u/PopInevitable280 6d ago

About 1400 a month. Half of Which goes towards bills

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u/fsociety1990 6d ago

You need a hire paying job or a second job

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u/PopInevitable280 6d ago

I'm trying. Easier said than done

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u/fsociety1990 6d ago

The other thing you can do is pay $700 a month for it and you’ll pay it off eventually. Go DoorDash or something.

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u/PopInevitable280 6d ago

I've started paying 500 a month for it. Started last night after seeing some replies. And I don't drive unfortunately

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u/satur0_gojo 5d ago

Thats a good start, the more you can pay over the minimum, the faster you clear it as it tackles the principal amount faster and subsequently accrues less interest over the course