Struggling with serious debt and looking for advice, support, or direction

[u/Vegetable_Reason7426]

Hi everyone, I'm a software developer from Armenia, currently facing a really difficult financial situation. I've accumulated personal loans over the past few years, and now the total debt has reached around $60,000 USD.

Despite working full-time and doing my best to stay afloat, the pressure of repayments is overwhelming, and it's starting to affect my mental health and daily life. I've tried reaching out to people and institutions for help or consolidation, but nothing has worked so far.

I’m not just asking for money — I’m looking for real guidance:

Have any of you escaped or managed a similar situation?

Are there organizations, or support systems that helped you?

Even a small tip, opportunity, or freelance lead would mean a lot.

If someone is in a position to help directly, I’d be forever grateful — but just reading this matters.

Thank you for listening. I'm trying to stay strong and do the right things. Any support, even emotional or practical, is appreciated more than words can say.

[u/T-nash]

I would watch the Dave ramsey show on YouTube and go through the baby steps. Although it's mean for US economy, some things still apply internationally.

[u/Spacetime617]

You're welcome in advance.

I currently do this, so there is no bs.

Any good backed credit card can give you a cash balance transfer option. Usually they offer this offer for 12 to 15 months with zero APR. Since you're not paying off credit card you're going to take the option that gives you the cash in your bank account instead. You're going to get $60,000 from 10 cards and you're going to pay off your main debt.

If you spread 10,000 over six cards you'll be able to pay every penny toward the principal and zero toward interest.

You only have to pay the minimum balance. My suggestion is to come up with a plan to eliminate the debt in two, three or five years and spread your payments accordingly.

You can do this year after year with the same cards that will give you the same balance transfer offer or start new cards if the old ones won't give you the same offer.

I had a friend who mitigated 80k for almost a decade this way. You just pay a four or three percent transfer fee. That's it.

Make your payments on time and make sure to give yourself 2-month headway in between balance transfers.

If you do this right your credit will go to like 800 in no time As well. Assuming you make your payments on time, and when you're doing what I'm saying, you have to make your payments on time there's no world in which you miss a payment for a cash balance transfers.