Unable to load image

25f - $60k~ in debt, extremely overwhelmed .. .should I declare bankruptcy?

https://old.reddit.com/r/PersonalFinanceCanada/comments/14jd0f6/25f_60k_in_debt_extremely_overwhelmed_should_i

								

								

How can you even get approved for over 60k of credit as a 25 year old when you're swimming in debt already. Looks like Robinhood levels of risk management

32
Jump in the discussion.

No email address required.

I had a credit card co-signed by my parents at 14, which I guess helped me establish credit. By the time I was 25 I had around $60k in available credit. Not at the best interest rate, but it was there if I wanted to rack up that debt.

Jump in the discussion.

No email address required.

It's crazy how much credit I have available to me after I got a normal full-time job. Across all my credit cards it was well over $100k in credit.

I had a credit card co-signed by my parents at 14,

Can you even do this anymore? I thought the PATRIOT Act made it so you had to be 18 for most financial accounts (as part of the extra reporting to "combat the funding of terrorism" or whatever their excuse was)

Jump in the discussion.

No email address required.

I’m older than the Patriot Act.

Jump in the discussion.

No email address required.

Checked what that is and who they made so many section in just a month like wow it’s almost they already had everything prepared

Jump in the discussion.

No email address required.

You mean you turned 14 before the PATRIOT Act?

Jump in the discussion.

No email address required.

!besties @WootFatigue is like 45 or something :marseygossip:

Jump in the discussion.

No email address required.

The patriot act was only 20 years ago, r-slur

Jump in the discussion.

No email address required.

He was 14 before the patriot act :marseymoidmoment#:

Jump in the discussion.

No email address required.

https://media.giphy.com/media/l0IyajjbNiRvCr7RC/giphy.webp

t. Wootfatigue

Jump in the discussion.

No email address required.

I’m under 40.

Jump in the discussion.

No email address required.

36?

Jump in the discussion.

No email address required.

Yes

Jump in the discussion.

No email address required.

:#marseyboomer:

Jump in the discussion.

No email address required.

Link copied to clipboard
Action successful!
Error, please refresh the page and try again.