Millennial student and credit card (also related to being a student) debts are difficult to tackle as a single-person household. The great thing about marrying young is the ability to be each other’s safety net and pool resources. So, still being single at 31 means I’ve been racing from behind on the hurdles others have been able to face together. And, even when I had a long term relationship that was essentially a common-law marriage, I still never had the safety net or help. If anything, I had a siphon. So, the debt has been compounding even as I’ve made consistent payments over the years. (It’s not all woe-is-me… I also lived beyond my means, and I own that).
It’s been so difficult getting anywhere resembling progress when next month’s interest fee is as much as this month’s maximum payment working two jobs and 80 to 100 hours a week. I’m even allowing the National Institute of Health to inject me with malaria for clinical trial money. Sorry, Boomers, but despite your sincerest and malicious hopes, I’m not floundering for lack of effort, focus, or ingenuity.
All in all, my credit might be in the toilet, but at least I’ve never missed a loan payment. Eventually in life it has to count for something that I’m the type of person who regularly works 48 hours straight over her weekend at a second or third job rather than be delinquent on a loan payment. (Right? RIGHT????)