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I have $30k in an investment account and owe $24k on a consolidated loan. Monthly payments are killing me, should I cash out the investment acct and pay off the loan to start over?
I have $30k in an investment account and owe $24k on a consolidated loan. Monthly payments are killing me, should I cash out the investment acct and pay off the loan to start over? The loan is consolidated debt across a couple credit cards and a loan from a business that went under during COVID. I've paid it down over 4 years from about $50,000 in 2020, but the monthly payments (roughly $900/mo) are crushing me. The investment acct is collateral for the loan. The interest rate is 9.05%. My income is about $2,100/mo on a go...
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