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Having sad brains and having bipolar is pretty hard going. I appreciate this will be difficult for you to stay disciplined but if you manage to this will get less stressful over time. For your circumstances you have a reasonable cash buffer. Some quick calculations show that your bank loan doesn't seem to be too bad in terms of interest rate. You're main problem debts are carrying the credit card balance and collections. With respect to collections I'm not the best person to advise. They will call a lot and apply a lot of pressure and stress. Negotiate a monthly payment, explain that you are up against the wall with your debts and you only have a specific sum that you can pay each month, something like $100/month. Remember you have no other money available, don't reveal any other financial details when they probe you for information. Once the AMEX is paid off then look at the remainder of the debt sent to collections. All other spare repayment money needs to go on the AMEX card as 20% interest is brutal. It will take a while to sort these out and get rid of the credit card debt so I'm not providing further advice, and I don't see a better tactic for approaching these debts at this time. At least the other lower interest rate debts will diminish while you are addressing your problem debts.
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Oct 31, 2016 03:22
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| # ¿ May 1, 2024 14:48 |
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Is this medical insurance or other insurance? How much is the phone per month? Is there a reason for the phone when your budget is really tight?
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Oct 31, 2016 04:12
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