Dealing with huge debt
I recently graduated from university, I had my own business as well for several years. While trying to do both, I ended up focusing very little on the business and wasn't very profitable. I put a ton of debt on my credit card because of that. The good part is I graduated, the bad part is that I have 27k on my credit card racked up over the years. I also have 40k on student loan.
Now I'm working making $2700 a month in the meantime while I grab experience (as I did not do co-op due to the failure business)
So...I have 67k of debt to pay...bills barely cover living expenses and a bit more.
What would you do here so I don't pay for loans/credit card for the next 20 years? I considered bankruptcy 2 months ago while unemployed but I decided I would find a way without it.
Cell phone: $70
Car (cheap, owned and needed for work): $600 (includes average maintenance. repairs and depreciation, gas, and insurance)
Smokes: $200 (yeah I know I should quit but hard in the position I am in)
Credit Card Interest: $360
TOTAL (not including student loan) = 2430
I basically would like to know if anybody has been in this situation and what would you recommend, I don't see much of a way out unless I switch jobs and make 6k+ which is easier said than done. Any advise is greatly appreciated.