There isn’t an immediate way to get out of debt. The best way is to borrow some money from someone that won’t charge (or at least not a lot) interest like a friend of family member and then pay that off as you are able to. Other than that you’ll just have to take it one step at a time. Pay off each of your debts in the order of what they are costing you in the long run (high interest ones first) so you end up paying as little as possible. For your income try and cut back on unnecessary expenses as much as possible so you have as much extra money as possible.

Try to apply for financial aid. Borrow some money from relatives. Try and pay $4000 as soon as possible and save up money and return it back a.s.a.p. If possible, you can try to get loans, but it is risky b/c you’re paying back in a bigger amount.

It took you a while to get into this mess and it will take you awhile to get out. You will need to work a second job for awhile. If you have to open the phone book and start calling construction companies, furniture shops etc. and ask if they need a part time helper, cleaner or whatever. Then contact your creditors and let them know you are going to be making minimum payments and try to get them all paid off. GET RID off the cards. It may not sound like it now but you are learning a very valuable lesson. It will help you improve your life skills. OK here is the one and true thing that will work. Get down on your knees, fold your hands, close your eyes and beg God for a miracle. You will be shocked at how he will help you out of this mess. THEN ALWAYS give him proper credit for what others will call a coincidence. Take and Good Luck.

It sounds like you’ve made poor financial decisions so trying to get out of debt overnight will only add to the list of bad decision making. Stop. Take a deep breath and realze what you can do with your $300 a month income not what you want to do with it. You will probably not be able to afford school right now unless you apply for grants, loans, etc but repaying your school debt is going to complicate your debt down the line because you can’t even file bankruptcy on student loans. What this means is that you’ll get out of school with a really impressive diploma and around $40,000 or more of debt… and still have a $300 a month income. It’s time to live within your means. As for your immediate financial trouble, it will only compound if you don’t address it. You’ll have to look into getting help from family or friends but remember you only have $300 a month to repay $4,000 which will take you a very long time even at 0% interest. I don’t agree that nobody is hiring in Colorado but assuming that’s true, maybe you should consider a move to another state and another college??? There’s absolutely no reason that you can’t start up your own business (wash windows, sell on Ebay, recycle aluminum cans, or whatever) to bring in some more money. You can’t live on $300 a month forever and without a plan, that’s exactly what you are facing. Start today to change your tomorrow!!!

Simple solution sell your car and use the proceeds to pay down debt are there any other items you can sell that you own. Its very clear if your car insurance payment bounced you simply can’t afford to own a car so live within your means as a broke college student catch the bus. Stop spending money that you do not have which explains the overdraft. Last I checked most banks who use Visa and Mastercard have a zero percent liability for unathorized charges its a matter of disputing the unauthorized items and having YOUR MONEY placed back into your account. That’s a no brainer which will eat up most of this balance. Also collect money from everyone who was on your AT&T account for the early termination fee of there cell phone line on your account. I’m sure there were other people as there would have been no need to have “multiple accounts” for a cell phone. I was like yourself at 18 and as a result of being irresponsible my credit score took a big hit. Which I am slowly recovering from almost five years later. You need to grow up and own up to your obilgations I learned very quickly how to manage a check book and credit etc… but like yourself it costed me quite a bit of money and many days broke no parties, shopping or getting my hair and nails done for a while. But it taught me a lesson and I am very responsible now I pay all of my bills on time and never overdraw my accounts anymore.

Reduce spending and increase income. You can do both by putting school on the back burner. Less money going out to pay for school and more coming in by getting a full time job that will be allowed by the less time in school. And you cam leave Colorado for a place where employment opportunities are better. Go back to school when you get your financial house in order. Good luck.

If you just get $300 a month, getting a $250 insurance wasn’t a very smart move and getting AT&T phone lines with multiple lines was.. ahem not that smart either.
What to say.. it is a tought world out there, some go ahead, some stay behind.. BUT we are all worthy, don’t you forget it.

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