I am going through a tough time right now. I’m currently a student at a culinary school and am currently seeking employment (I have a few interviews later this week, hopefully that works out). I have been working on and off for a few months babysitting, and working for my mom. When I first left for college 2 years ago I got a credit card and spent up to my credit limit quickly and was paying the minimum payment or sometimes a little more. A year later I got a second card in order to purchase an ipod and only used it for that one purchase and again only made minimum payments. Then My first credit cards limit doubled without me applying or anything I just got a letter saying my credit line had increased. I had a consistent job back then, but was a stupid college kid and only made minimum payments even though I knew better and had the ability to pay more. When I switched from a 4 year institution to culinary school my college fund ran out and I had to pay for the rest of school, it ate away at my savings very quickly and soon I went from tons of money saved up and plenty of money form my parents for school to I had no job and no money, and lots of debt And then lastly I went to victorias secret and after my purchase the lady behind the counter asked me if I wanted to join the rewards program and had no idea that I just signed up for another credit card until much later. I haven’t made any payments on these cards in a while because I have absolutely no money to pay them off with… I’ve been selling things on craigslist and applying for jobs because I know I need the money. I also have an unpaid speeding ticket, and probably a warrant out for my arrest because of it. I am in debt and I have no idea what is going to happen if i don’t pay them because I own nothing, there is nothing of mine that anyone can reposes and I’m afraid that I’m going to end up in jail or something. I’m in a situation right now that I feel like I’m trapped and that there is nothing I can do to help myself. I am thinking of taking out a loan so I can pay off my ticket and 1 or 2 or my cards and begin to manage my debt realistically, however I have bad credit and no one to co-sign for me and I dont’ know where to get one. I don’t care if it takes me years to pay it off or if its a high interest I don’t think my situation could get much worse. I am going to get a job, but I don’t think i can pay rent, make payments on my cards and pay a speeding ticket without a loan or something. I see commercials all the time for debt solution and stuff like that but they all seem to be for people with over 5000 of debt or more. I feel like the biggest idiot ever because I was raised to save money and I knew of all the dangers of credit cards and how everything worked, I just put off paying them because I thought I’d have a higher paying job, or something. Please if anyone can give me any advice I feel like i’m about to jump out of a 20 story building or something. and please don’t tell me that I should make all my payments on time, or that I should have planned better or anything like that.
My student loans are for ,500 but they I won’t start paying those off until April of 2009 (they first payment isn’t due until 6 months after I graduate). 2,000$ in credit card debt, and I owe 500 for my ticket.

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