No credit worse than no debt? In quick summary, I’m 48yrs old. After some bad decisions and silly youth I cut up all my credit cards in 2001. I currently show not enough info to generate a credit score. I have no debt and lived within my means to this point all be it not that well. I currently make around 70k a year and only use paypal and no banks. Tell me how to improve an…

Health insurance is making it difficult to save and pay off debt any advice? Basically my health insurance is insanely expensive at work. I need to figure out another option as it keeps going up and I honestly can’t afford it. Checked out the marketplace and it’s even more expensive $8k premium 4k deductible 10k out of pocket 7200 hsa- depleted every year Due to an autoimmune condition I hit the max each year and empty …

Once a G.O.P. Rallying Cry, Debt and Deficits Fall From the Party’s Platform Fiscal hawks are lamenting the transformation of the party that claimed to prize fiscal restraint and are warning of dire economic consequences.

How bad is my current credit card debt and my debt situation? Should i calm myself or freak out even more? I was a medical student, just starting residency, in a good amount of CC debt. Not sure how bad of a situation I’m in, but i freak out whenever i think about it. Student loan – 50.4k ; 0% APR (frikken beautiful; also thankfully no payments for some months, so will be using it’s payment money on the CC’s as well) 1st credit card – 8.5k – 0% bala…

33 year old single mom- high earner but high debt. Am I in trouble? For some context, my boyfriend and I had our first real talk about finances the other day and it has brought on so much anxiety. He was telling me that if I don’t make some lifestyle changes, my son will resent me down the road and I won’t be able to be a good mother to him. After a good long cry and a hard look in the mirror, as hash as he was …

How do I get out of severe debt? Coming from someone who knows nothing about finance. Hi. I’m 21, live in NYC and have been severe debt since July of 2021. I had surgery when I was 18 which cost $20,000. I wasn’t able to pay it, so they sent it to a debt collector and they added an extra $10,000. Americollect shows it as $38,000. I also have $12,000 of student debt. I work around 30 hours a week, weekly paystubs of $400-$600. My …

Found myself with a little too much debt 24M. As the title says, ive found myself 3 years out of university with about $11k in credit card debt. I make about 70k a year and moved countries for a job which due to personal reasons and poor financial decisions has caused me to grow this debt. My first year alone i ordered delivery food almost every day, multiple times a day and did not sa…

After years, I managed to drop my Credit Card debt down to 30K left, and increase my savings up to 30K. Should I just use all my savings to pay off debt? Hello all, My 30K savings is sitting in a 4.6% HYSA My 30K credit card was consolidated at 0% intro APR, but will be 12% APR starting next month. Should I just even things out and use all my savings to pay off my credit card (leaving me with ZERO in my savings), or would experts consider that an unwise decision? I am clarifying that my 30…

Is debt consolidation a good idea for my situation? I have roughly $7k in debt in the U.S. (credit cards and student loans). I know, not a lot. But I only make $12000 a year. I live abroad which is why this yearly income is okay.. but I can’t pay my monthly minimums (well, I can but it’s a struggle.) Well recently I missed all my cc payments because I signed a new contract with my apartment and t…

I need advice, I’ve been disabled for 4 years and have a lot of unsecured debt, I’m making payments but, I’m drowning In the disability sub, they’re saying bankruptcy, but I don’t even know where to start. I’m 62 and I’ve been looking at debt relief and consolidations online. I can’t tell if they’re scams or real submitted by /u/billiemarie

How to get out of debt & survive – this is bad $110,000 in debt – working 3 jobs 80,000 student loans 30,000 credit cards Uber Minimum wage job # 1 Minimum wage job # 2 Lost my job – from my job making $70,000 – have made some bad choices (obvious) am financially disciplined now and hoping for some advice on how best to tackle this debt working 3 jobs. Can barely make ends meet. submitt…

Sent Debt Validation Letter to National Credit Systems, They Responded with the Same Debt Document. Initially, National Credit Systems sent me a “Debt Verification Email” with a “statement” (of sorts) of my debt. As suggested I sent in a certified mail debt validation letter requesting various pieces of information to validate the debt. They then responded (post validation letter) with the same debt statement document and then the following in…

Office of attorney general says I owe them money after I’ve paid off my student debt years ago I am a 2019 highschool graduate, I went to college for half a semester right after high school and then dropped out due to medical reasons. I had a partial scholarship and only had to pay for the time I was there so my debt wasn’t anything crazy, a little over 1k, which I have since paid off (I paid it off right before the interest rates started…

25, new job, debt and deciding whether to move out of parents house As the title states, I recently got a stable government job paying $135k+ annually in March and I bring home about $3100 every two weeks living at home. I just submitted an application for an apartment a bit closer to my job and rent will be about $1900-2000 a month after utilities and other fees ($1750 for the rent alone). The dilemma is, I hav…

Getting out of debt strategy Hello! So, I’ve been working so hard on getting out of credit card debt. I started with $20,000 in credit card debt, my sister helped by taking $5,000 off my plate with a “pay me back when you can” loan. My only credit card left is around $8,900 which is on an interest free credit card until 3/1/25. I opened up a high-yield savings at like 4.6%…

I am $3.2k in debt trying wanting to purchase a car. What can I do? I built up this debt from a couple of years ago when I was in my early 20s. There was some time before, during, and after the pandemic where I was unemployed living on my reserve with limited job opportunities. Within the last two years I’ve gone back to school and have been rebuilding my life. Back on June 1st I’ve had my job for a year and fin…

Mother who lives with me is in 35k debt Good Morning, 41 single male here who has a mortgage on a house I have, a car payment and other bills. Have a little money in the bank but not a ton of liquid cash. I had my mom move in during covid to help her out. Little to my knowledge she has racked up 35k worth of credit card debt while living here. This is a big issue for me since it was n…

Student loan collections debt My wife had a small student loan go to collections. Around $2,700. They wanted her to pay a certain amount monthly but she can’t afford to do it. She has been giving them $25 a month for a few months. Are there any negative effects from only giving $25 a month? submitted by /u/Ruthlessness8

Do I need to pay this debt? I supposedly owe debt to this “spectrum billing” with a red logo for something I’m not sure of exactly, and they’ve been sending mail to me attempting to collect this debt, but as far as I know I don’t owe any money. My credit report doesn’t show anything in collections and they’ve sent mail since at least 5 months ago. What do I do? Should I ig…

Student loan debt or buy house? About to get married in September, and my future wife and I are thinking about purchasing a home. I have $37,000 student loans at between 3-5.5% interest, She has $130,000 cash She makes around $110,000 I make $175,000 pre-bonus The following is only for my portion of income: I have been putting all my pre investment living expenses and cash in…