Sign on Bonus Debt Collector I was recently contacted by Summit A*R Debt Collection regarding a sign on bonus for a previous company ($25k). I received a debt validation letter via email with the contract and everything. I asked for the original creditor’s contact information and was told no basically. That they didn’t want to contact me since they hired this company on the…

Need some advice on what to pay off Hey all, so being a dumb kid I made some stupid mistakes and racked up $5,000 on a credit card that just seems impossible to pay off, the average minimum payment being $170 which I know isn’t a lot but I have a fairly big car payment which again was also a big mistake so I’ve been trying my best to throw some extra payments at the credit card. B…

Best spot to put unspent money as a young adult? I’m a 23 year old grad student in the United States. I’m relatively good at spending less than I earn and my stipend income is high enough for a good life in the city I live in. My question is where is the best spot to park “extra” money, or the money that I don’t spend. 30% of my stipend income is immediately apportioned and put away into a HY…

Is there a better way to hold my money? I’ve currently got $40k in my HYSA. $25k can be considered for a 5-6 month emergency fund. The other $15k I have there as part of a future down payment on a house. Buying a house seems a little more down the road. Maybe 6 months maybe a year or so. Is there somewhere better to be holding this? Money market, I don’t know. Having a little paralysi…

Medical debt sent to collections. They sent me a letter with options I have no idea how to navigate this or what to choose as I have never delt with collection agencies before. They are giving me these 3 options 1) dispute the debt by specific date ( give explanation of why I am disputing: a) not my debt b) amount is wrong c) other) 2)Request them to send the name and address of the original creditor 3) make a pa…

What should I do with $10,000 at age 26? Hello- I have $10,000 that I would like to invest/do something with that doesn’t involve just having it sit around in my checking account. What do you recommend I do? Step by step directions would be super helpful as I’m pretty new to personal finance but would like to get off to a strong start. Thanks! Happy to answer more specifics in the comm…

Where are the best car loans right now? I have over an 800 credit score and I’m getting 9.89% thrown at me from Navy Fed. Looking to shop around. submitted by /u/ShiaLaBoofR76

Best place to invest for an older person? My 80 yr old father has an average of $3000-$5000 left over each month after paying bills. He’s retired with 100% disability through the VA, so very few bills. I had mentioned to him that it wasn’t a good idea to leave that much money just sitting in his checking account. So, about a half a year ago, he started using Edward Jones to invest some …

Vehicle Loan refinance Hello, my car got repoed couple days ago, the finance company is asking fro 24,000 for redemption or refinance the loan in another bank. I am currently unemployed because I leave for military training soon. I was wondering if there are banks or loan agencys that would lend me the money without proof of employment submitted by /u/Sea-Lab-5…

Looking for advice and opinions I owned a business for 2yrs now. First year was 250k, 2nd year is 400k. What are my chances of landing a car loan for 68k? I’m trying to either lease or buy a car under my business. All feedbacks are greatly appreciated. Thanks! submitted by /u/JonTroubadour

12,000 upside down car I had a very bad financial crisis during 2023/24 and had to downsize my vehicle due to monthly payments being more than I could afford. I ended up getting a 2011 Hyundai Elantra financed for $17k (yeah I know I fucked up) because it was literally the only thing I could find that I could afford the monthly payments for at the time. I filed bankru…

Switching jobs, what to do with 401K? So I am in the process of starting a new job. I have a 401K with my previous employer that I need to do something with. If I roll it over to a ROTH will i have to pay taxes, I am seeing varying answers on google. TIA submitted by /u/GOSPEL_of_SLATER

Does my father‘s house have to be sold with a reverse mortgage, now that he will be moving into a long-term facility and would no longer be living in the house? The reverse mortgage was taken out by both of my parents. Mom is deceased, and dad has been living in the house by himself for the past few years. He will be moving into a residential living facility soon. His life expectancy is somewhere between five and 10 years. There is no equity left in the home to make it worth anyone’s time to buy out th…

How to invest in Vietnam as a US citizen? For various reasons, I think that investing in the Vietnamese economy is a good choice. I have done the research and homework that led to this conclusion. The problem is that I am not aware of HOW to do so. The only ETF I know of is VNM, and that is not at all indicative of the Vietnamese economy for various reasons. Does anyone know of any othe…

Insanely bad gambling addiction leading to debt, not sure where to start or if there’s anyway out Hi, I’m 21 years old and I’ve been sports betting for a two years, and mostly profitable for a period of time, but over a 4 day span I completley lost it blocked everything out, and gambled 15k, 10 from my savings and even went over on my credit card limit. I’m aware this obviously isn’t financially responsible whatsoever and find myself in a re…

Torpedoed retirement to get myself out of consumer debt crater – what to do next? Ok. So. 10 years ago, at age 30, i was sold an IUL as my retirement plan. I realized about 3 years in that that was not a great plan. But surrendering at that point didn’t make sense fee wise. Fast forward to now. I managed to dig myself into a giant consumer debt crater (60k credit, 12k personal loan, 7k left on car loan) and was at the point w…

How to get back on the pay schedule as my last job? I have a new job with higher pay (yay!), but the day that the payroll comes out is different from my last position. For example, my last job paid me weekly on Tuesday, and my new one pays me weekly on Fridays. There is no real difference to us financially except that I just like the feeling of being paid earlier in the week. It makes me feel men…

How do you handle rollover budgets in Rocket Money? Also, do you know a free budgeting app that syncs accounts and does rollover budgets? Rocket Money is not the best budgeting app, but I’m trying to make it work until the plan ends submitted by /u/FuegoFlake

How to maximize my dad helping me with car expenses? He’s willing to give me $2000 to either repair my current car or finance another car. His requirements for financing: Take the car to a mechanic for inspection prior to buying. I’ve yet to find a mechanic so can I take it to anyone? It needs to be CPO or brand new if I don’t get the car inspected. He is willing to help me with my current car…

Withdraw 50k and avoid capital gains tax? I am a 26 year old grad student. I have been investing for the past 9 years and I have 50k in a variety of ETFs. Should I withdraw all 50k in calendar year 2025 and immediately reinvest to harvest capital gains tax free? As a grad student, my income will be less than 44k even WITH the 20k I’ll earn in total market gain. I guess I’m assuming that…