EFFORTPOST Bipolar delivery driver in 57'000 of debt

Duncan 26, San Antonio TX

$57'303 total debt

$880 minimum monthly payments, 41% of his current income

At least $400 interest accruing each month ignoring student loans and stuff in collections

First truly mentally ill person on the show, he weirds me out a little but I might be just paranoid. I don't trust people who cry on camera. I've timestamped some of the oddness, not in chronological order

Self-rated 3/10 financially

Has been watching Caleb for "a couple months" hasn't started budgeting

• cries from stress of his situation? Tries to explain his failures in past attempts to budget timestamp

Diagnosed with "Bipolar II Disorder" plus some backstory, only recently got meds

• timestamp

Career:

• Delivery for Tiff's Treats and somtimes on-duty manager on weekends, does Grubhub/Doordash on the side

• "I got deactivated from Grubhub for some reason" timestamp

• Drives company car so his gas payments aren't bad

• Currently making $23 an hour and $18 as the stand-in manager

• hours cut, losing insurance in July (sales down year after year)

• nervous laughter here timestamp

• financially struggling

• only 6 stores in his district

Personal Life:

• Lost his last credt for film grad because Covid and classes/grades fell apart afterwards near beginning of covid?

• timestamp

• Was taking classes last semester? timestamp

• Not this semester though so Student Loans are active now

• Sudden jump from verge of tears to recitation of the canned youtube comment line about finance needing to be taught in high school timestamp

• "I think that's a big detriment to the American education system, nobody gets taught finances, ever"

• Wants to go back to school for a business degree but can't because of his current situation

Savings/Expenses:

• Nothing in retirement

• USAA checking

• Monthly balance $225 -> 281

• Spent money on Uber Eats, overly self-deprecating statement to dodge timestamp

• Same dodge trips to coffee shop/donuts/general eating out timestamp

• Shared checking with him and his girlfriend

• Pays to do gig work? Not sure if I understood that right

• $766 last month just on fast food/eating out (36% of income)

• Swipe savings

• $7 -> $161.85

• $224 car insurance payment since he got into an accident uninsured

Debt:

• Says he has a terrible credit score (551)

• Was at 630 3 months ago

• Found a credit repair company he's been thinking of reaching out to

• Student loans (paying interest only) Variable Interest Rates

• $13'316 14% interest

• 10% interest

• 10% interest

• Car Max Loan

• $16'584 remaining, 421 minimum monthly payment (he's got another 400 past due with a 21 late fee)

• 10.45 interest rate

• "All three of the credit cards I emailed you are in collections" timestamp

• USAA credit card

• Some old Visa

• Coles Card

• Owes $63.23 on "Afterpay"

• Also on Paypal, Affirm and Klarna "I made a series of really really bad decisions"

  • Affirm is 1k

• "And it's just this stupid stupid anxiety of not knowing what I'm gonna have left" timestamp

• Personal Loan

• took it out a year ago because he was "freaking out about money" at the time

• 1'400 balance

• Personal Loan

• $986 "one of those finance app where you pay a certain amount and you get the rest of the loan back"

• Not paying this one?

• Owes Grandpa $4'500

• "terrible situation"

• First car he bought died, grandpa co-signed for a new car

  • got t-boned and did not have insurance

• Has had 2 cars get totaled while on job?

• $10 monthly payments, it's informal