Describe your Debt Load! - Drowning in it all!

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Drowning in it all!

Printed From: CanadaStudentDebt.ca
Category: Other Topics
Forum Name: Describe your Debt Load!
Forum Description: Post stories of your debt and how it affects you and your family
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=5350
Printed Date: 26/March/2026 at 8:58pm
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Topic: Drowning in it all!

Posted By: SadinEdmonton
Subject: Drowning in it all!
Date Posted: 01/June/2009 at 7:22am

Drowning in it all!

Well, it's been 4 years since I graduated from University. I've always had a good paying job. I now find myself struggling to even make the minimum monthly payments on my student loans AND I have excessive consumer debt. I've tried to get consolidation loans, lines of credit, but I'm turned away at every corner. The only places I would be able to get a loan are those high-interest sharks like CitiFinancial and Wells Fargo. Without turning to bankruptcy and the "like" options (Orderly Payment of Debts, Consumer Proposal) is there a way to get out of this mess? I am more than willing to make a reasonable monthly payment that still allows me to have a life, pay my mortgage, buy groceries, etc.

We're talking big money. $12,500 left in student loans, about $41,500 in random debt. Has anyone been faced with a similar situation? How did you get out of it?

Replies:

Posted By: administrator
Date Posted: 01/June/2009 at 5:47pm

Talk to John Leblanc at CFW Group....

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Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024