No. of Recommendations: 0

Assuming you have been making all your payments, try calling the credit card companies and seeing if they will lower your interest rate. Tell them you received another offer (probably in your mailbox as we speak) and they need to match it to keep your business. Ask to speak with a supervisor if you can not get the rep to agree to do this. Many people on these boards have done this successfully. Then transfer as much as possible to the lower balance cards. Start budgeting and tracking expenses using Money2000 or Quicken. STOP USING CREDIT. Cut out as much spending as possible to allow more money to go toward debt. Most don't consider an artist starving at $100k/yr. You can make it through this debt crisis if you lower your expenses further (even a cheaper apartment and car?). You may have to live on $25k a year and allocate $75k toward debt and interest. Good luck.

Dear hunnypot,

Thanks for responding. I wish it were that simple. I've tried the getting the interest rates lowered. All refused. I haven't used any credit in over a year. The 100K I made was last year. Since Jan. 1, a big ol' ZERO. What you call a down time. And I have no money left to pay next months 6K in bills. Pretty much all the money I've made has gone to just paying interest.

The question is -- how do I get out of the hole, if there is no steady income. If I don't get a job in the next week, how do I pay next months bills? And working a temp job for 600 dollars a week doesn't solve the problem -- in fact, it gets me deeper. The interest is accruing faster than I can earn it right now.

I know I made these choices, but sometimes you have to go for your dreams. I did. That's all. I haven't been extravagant. I just lost the gamble. For now anyway. The car I drive is a 12 year old Jeep. My rent is about as cheap as rents get in Los Angeles.

Anyway, thanks again. And if anyone else has any ideas, I would really appreciate your input.

Jenno T.
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