So, congratulations! Your hat just touched the ceiling and showed you that we live in a plastic world. This piece of polyvinyl chloride in your wallet does not give you freedom any longer; it just becomes another kind of trap for you. This situation is typical for most people, so take a deep breath. You are not a loser for being indebted to Visa or Mastercard.
Firstly, look into the face of this beast. Log into the Chase or Capital One application and see the total amount. It may cause nausea, but you need to know about this number. Ignorance will not solve the problem and only interest rate will consume your soul.
Secondly, do not spend money on this card as soon as possible. If needed, freeze this credit card in ice. You cannot dig yourself out of a hole using the same shovel. Use a debit card or cash to buy coffee in the mornings.
Calculate the amount of money you get thanks to an entry-level job or even side hustle. Each extra dollar should serve a particular purpose – to make bigger payments than minimum one. The minimal payments were designed in order to keep you hostage for many years.
If you have a good credit score, apply for balance transfer to Citi Simplicity credit card. Using this card, you will be able to avoid interest charges for a year or longer. Thus, you will be able to see how your debt disappears. It is magic if mathematics works in your favor.
Get a part-time job in Starbucks on weekends if you can. It will be disgusting for you, but it is a temporary solution. You should exchange your time for freedom from debt collectors. Such a trade-off is very fair.
Try not to use services of debt settlement companies because they can harm your credit score and charge their fees. Negotiate with banks by yourself. Be honest with them and say that you have difficulties.
It means that debt relief is a boring process of doing mathematical calculations and being disciplined. There is no hack or TikTok trick to solve your problem.
Think about yourself paying off the debt in the future. You will have much money for entertainment. Save some money to go to Japan or buy a new gaming PC. It is worth missing nights-outs now.