Part 4/8:
A significant portion of Joshua's financial woes arises from credit card debt, which he estimates at approximately $7,000. His past reckless spending—largely fueled by a penchant for partying and drinking—led to this debt spike. He admits his credit score has dropped dramatically from a prime 780 to perilously close to 500 due to late payments and accumulating interest.
With the anxiety of unpaid debts mounting, Joshua recognizes the burden this has created in his life. His financial mismanagement, often triggered by impulsive decisions, has left him without a stable financial footing.