I too seek advice - I did something really bad. [View all]

[Denninmi]

Spent a small fortune in the past few months. With wild abandon, justified in my mind due to extenuating circumstances. I thought it was literally the end of me, so I said "why not"?

I went into 2012 with credit card debt of something like 100 % of net income. In 6-7 months had it down to 2/3rds of NI.

Now it's about 200% of NI. Yikes!

There is no real justification of it. Some went to medical bills, car repair, but most to non-necessities. Well,honestly, it was one method of keeping myself from totally losing it.

So, I cashed out bonds to pay it down to just a little less than NI.

I have two choices with the rest:

1) just ride it out, pay interest or balance transfer fees, pay it off as I can.

2) grovel to the family for a bailout. They could literally afford to loan me the amount about a hundred times over, and I could repay at dirt cheap bank rates. Problem is, they are weird about money, and would lord this over me, too, since I am already the family black sheep who never succeeded in life to their standards.

So, which bullet to bite.