‘Starting at rock bottom’: Woman filed for bankruptcy at 24 with $65,000 in debt. How she made it back from the brink
At age 24, when most people's careers and financial journeys are just starting, Erin Spencer decided she needed to start over.
A combination of student and car loans, credit liabilities, a bad breakup and "living outside my means" left her $65,000 in debt, as she said in People. So when a trusted colleague suggested she file for bankruptcy, she went for it.
"I couldn't afford the monthly payments toward my credit cards and line of credit, so when I filed, I was able to take a breath and almost start over," Spencer told Moneywise.
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Spencer added that she still had to pay her student and car loans, but that the bankruptcy significantly lowered the cos...