Hi everyone, I really need advice.
Aminado ako, my spending habits got out of control before. Maganda kasi yung income ko dati (salary + commission), so kampante ako na mababayaran ko rin yung credit cards ko.
But things changed. Nawala yung commission ko, and by that time medyo malaki na yung balance ko. Then around November 2025, nawalan pa ako ng work. Wala akong ibang choice kundi gamitin yung credit cards ko for daily expenses.
Now may work na ulit ako, pero I’m only earning around ₱18,000+ a month. Eto na yung current debts ko:
UB - 165,000 maxed out EW - 140,000 maxed out
Honestly, sobrang overwhelmed na ako. Parang nilalamon na ako ng utang ko and hindi ko na alam saan magsisimula. 4 months OD na ako sa dalawang bank and di rin alam ng parents ko ito huhuhu
Iniisip ko mag-abroad nalang (taiwan) para mas mabilis mabayaran lahat, pero hindi ko sure kung tama ba yun or dala lang ng panic.
May naka-experience na ba ng ganito? Ano ginawa niyo to recover? Should I consider debt restructuring, balance transfer, or stick muna sa slow payments with my current income?
Any advice would really help. Thank you