I had mentioned in my previous live that I have a busy day of spray tans, but before I got started, I wanted to make sure and address this this topic. So it was asked of me this week that “I can't make my minimum payments, what can I do? What how can I do this?”
You can't just stop paying for your your credit cards or the debts that you owe, because that's gonna get you into a bigger situation. The first thing that you can do is call your credit card company and ask to see if you can negotiate your rate and then that will help with your minimums. That way, it'll help you be able to catch up quicker.
The other thing was that to get another job. You can do DoorDash, you can do Uber, Favor, and you can have many (time or hours) this week to be able to do that. You can do Instacart; you can deliver pizzas. The thing about delivering pizzas though is that you actually have to have a job, you actually have to have a schedule, and you're committed to them. With DoorDash, or any of those food delivery services, you don't have to do that.
For me, and and I'm just gonna say this, when people say, “I don't have time, I can't do this.” We do. I have three businesses and when I was working with my husband to get out of debt, I did Lyft. Every bit of money that I did for Lyft, I put towards our debt, so I never used the money – it was all the debt. I was fierce about paying it off. You can do this and nobody is above having more than one job or two jobs or even three jobs. So yeah, it's a little stressful.
But like I said, I have three businesses, my first business with my husband reopened when I was 22 and that was 27 years ago. You can do this and you can make your ends meet. You just gotta get creative about it.
Again, to go back on what I said, Call your credit card companies, see if you can negotiate your rate and that will help reduce your minimum payment. Then list your debts from smallest to largest, and start attacking those debts.
