Need money but have obstacles

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Brian Bavolar

• June 22, 2022 17:29

Hello!  I have credit card debt of $30,000 that I need to eliminate.  However, I have a low-paying job, a co-op apartment rather than a house, and a credit card score of 543.  Any suggestions?

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• Official comment

  

  Victor D

  • June 27, 2022 18:15

  Hi Brian! Thanks for reaching out to NerdWallet. I'm sorry to hear about your credit card debt.

  Perhaps a good first step is to develop a budget so that you may start reducing the amount of debt you have. These resources should help with that:

  • Budgeting 101: How to Budget Money
  • Free Budget Calculator
  • Free Budget Worksheet
  • How to Make a Monthly Budget in 3 Simple Steps - NerdWallet

  Once you have a budget in place, you may want to start rebuilding your credit. These articles should help:

  • What Is a Secured Credit Card? - NerdWallet
  • Best Secured Credit Cards of June 2022 - NerdWallet
  • 6 Ways to Rebuild Credit - NerdWallet
  • 9 Ways to Build and Improve Your Credit Fast - NerdWallet

  While we can't offer personalized financial advice, please send us a support message from your NerdWallet account any time you have a question or concern!

  Best Regards,

  Victor

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