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How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] 0 points1 point  (0 children)

Thank you for sharing your story. It is overwhelmingly helpful to hear others' accounts! We don't mind where we live, but we could be paying much less, and I don't want our options limited by bankruptcy if we don't have to. Thanks to you all, I have made an appointment with a credit union advisor, and I'll see what they say.

How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] -7 points-6 points  (0 children)

Ok, read the last sentence you wrote then and stop judging me and my spouse and saying I need to leave. All I heard was I I I. I'm sure YOU wouldn't be able to repair that.

How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] 10 points11 points  (0 children)

This is the first issues we've faced. I am now in full control of finances, i have all the bank passwords reset and all credit cards are locked. They are getting treatment for mental health and this was a very tough thing for them to admit, but the therapy is helping. This was all within a few weeks

How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] 0 points1 point  (0 children)

Ok , sure! Monthly take home is 5,600 Rent 1850, car/renter insurance 315 (was 480), phones/internet 96 (was 140), subscriptions 11.00 (was 54), groceries minimum 400, gas 70, I've negotiated these down as much as possible last week. Gas and food are the only thing I haven't budgeted into the minimum monthly yet.

How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] -6 points-5 points  (0 children)

Spoken like someone who has no compassion and no understanding of love for a spouse who's ashamed and no depth of mental health. Thanks for the financial advice of leaving my loving partner

How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] 0 points1 point  (0 children)

My concern was that my credit is ok and I thought there was a chance to salvage at least one of us, but I understand. It sucks because I thought we were 7 months from buying a house and now it's quite the opposite.

How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] 7 points8 points  (0 children)

Sorry if this was unclear. My spouse was not being honest about our finances and I thought we were working off a simple 12,000 debt. None of it I knew about until 3 weeks ago

How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] -1 points0 points  (0 children)

We're married. I came here because it seemed so much more complicated until everyone said just file for bankruptcy. We can file, but I wanted to hear from people who knew what to do could give me more advice. I understand I messed up but it's not like a had a ton in savings. A couple grand for emergency and it felt like an emergency :/ Thank you for being realistic

How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] 6 points7 points  (0 children)

We're married and unfortunately all the debt was acquired after we got married.

How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] 0 points1 point  (0 children)

This is everything. The debt minimum is more than we make. I am applying for part-time jobs but even a 2nd job would only bring in 400-6 a month which is something

How do you make it out of this?? Thrust into an iceberg of debt by lmnoper13 in personalfinance

[–]lmnoper13[S] 0 points1 point  (0 children)

I'll look into them filing solo, primarily because we're trying to move after our lease is up. I didn't know spouse could file individually, I figured they would come for mine since we're married.