Options to pay down debt while medical expenses fly I, 33F, have 50k in credit card debt, and I pay the minimum on some cards and twice the minimum on the others to keep a slight open credit. I was diagnosed with cancer in 2020 after having to open a loan for 50k for legal fees for a divorce against an abuser that drug it out and caused me six figures in legal fees. I’m down to 19k on that loan, …

Zombie debt from over 10 years ago I was hospitalized multiple times and went through a divorce during this time. I am very proud of the fact that I paid off debts I incurred. My credit score today is very good and I have zero collections. I was contacted this week by someone inquiring if I was “my previous, married name”. I said I haven’t been that person in a long time. And I s…

Should I go on a vacation when I’m in debt? Just curious for some advice. 29m, I make about $80,000. Assets are almost exactly $40,000 of savings and $3,600 in mutual funds. I have a $20,000 student loan and a $10,000 car loan. I’m debating taking a trip to Spain for 10 days with my girlfriend, mostly just because I love to travel and we’ve never been abroad together and it’ll just be a f…

Behind the Unrest in Kenya, a Staggering and Painful National Debt Kenya, the fastest growing economy in Africa, is on the brink of a fiscal calamity. Across Africa, nations are spending more on interest than on health or education.

Please help me figure out how to pay off 90K in debt. Throwaway account here. My current situation and I am looking for any advice you may have: 90K in credit card debt. All payments on time, never late. Bankruptcy in 2017. I know, I know, and I was doing great until Covid hit. That’s where the debt snowballed. I now am pulling in 15K a month combined with my spouse; however living expenses and ru…

Should I pay off debt with savings? I currently have roughly $16,000 in credit card debt. I have about $22,000 saved up in my checking account. Is it the best idea to pay off everything and only be left with $6,000 saved? My housing expenses are roughly $1,700 with utilities included. I have $1,100-$1,200 in other monthly expenses; totaling out to roughly $2,850 total monthly exp…

Single mother in debt with 10k with two year old. Any tips? Willing to hear it Before anyone judges me.. I know I chose this life and I have to face my consequences. To some 10k might not seem alot. Just thinking about my debt and not being able to pay it off how I thought I could is only making me stressed out. I know there’s alot of people out there single mothers or fathers who were main providers for their families. Ho…

Don’t know what to do about my debt Me and my wife are trying to find the best option for debt relief in our situation. We are currently about $60,000 in credit card/personal loan debt. We have; $18,000 credit card, $17,000 personal loan, $15,000 credit card, $7,500 credit card, And then a few things in collections that are each like $500-700. I am the only one working at the mome…

How to manage this debt I need help managing debt i created selfishly. I make 6600 a month (3300 semi monthly). Credit Card 1: about 8k, Credit Card 2: 2400, Credit Card 3: 5000. I have 1 monthly loan payment of 430(total 11k) and another for 5700 at 253 montly. A car payment that i cannot sell at 603 a month. My rent is 2294 plus utilities. Ive applied for a balance t…

How to or not to use emergency fund?Placing value on having a fund over using for non-emergency debt, a new or used vehicle that is needed, and life events. 43(m) single full-time dad to one teenager of driving age. Gross annual income +/- 115k HYSA (EF) 50k 401k 13k (eg a sharpie and a piece of cardboard) Live in HCOL area, I rent, total monthly epenses +/- 5.5k 700+ Fico 765 Vantage IRS tax debt right under 19k. Installment agreement in place. Minimum payment of $322, but I’ve been paying $644 mo…

if I will graduate college debt-free and don’t have much to spend on right now, what do I do in the meantime? as the title says. im a 20F black immigrant and my family was pretty poor when we first came to the US. we’re better off now but still working class. despite my parents always calling me stupid, i managed to graduate high school with an associates degree (my back-up plan to save money if i didn’t get much financial aid for college). fortunately,…

House 1 low interest rental, House 2 high interest primary. Sell House 1 to be debt free? House 1 Worth ~$500k with $220k left at 2.7% interest rate. Being rented for $2300 with monthly cost of ~$1800 which includes everything (maintenance, mortgage, etc). Lease ends on June 2025. By 2027, I can sell and be excepted of the tax since I lived there 2 years of the past 5 years. 4 bed, 2 + 1/2 bath, 2000sqft with 4000 sqft backyard+ 2 …

Looking into getting a debt Consolidation loan Like the title says, this will be my first time attempting to consolidate my debt, but my situation is a little complex and I’m interested in hearing outside opinions. CC1: ~7k at 14.9% CC2: ~9k at 28.3% Car: ~10.5k at 0% Those credit cards are basically maxed so my credit isn’t great right now. The best offer I’m looking at is an Auto Equity Lo…

$72k in student debt I’m pursuing a bachelors in civil engineering. I’m going into my sophomore year and am looking to transfer schools after attending community college for 2 years. I got accepted into a private university that I would commute to but tuition will still be about $20k a year. Financial aid gives me a federal loan of $5500 of that $20k. If I spend 3 y…

Stablecoin Issuers Now 18th Largest Holder of U.S. Debt Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington’s debt management grow.

Am I insane or is the debt insane Throwaway for obvious reasons. My household brings home about 8.6k a month. We hold about 200k debt outside of our mortgage. About all my income goes to mortgage and debt. Spouses income is minimal but he also takes care of the house and watches the kids. Spouse thinks that we are doing fine. I am a debbie downer if I bring it up. I am doing my …

Debt collector lost his cool and wouldn’t provide access to validation of the debt in writing. I have zero clue that I actually owe this debt. I have this all recorded. Unfortunately I could barely understand what the guy was saying, so therefore the recording can’t make it out. Fortunately, I can probably enhance it, if I need to/feel like it. I did ask permission before recording. I was contacted about a month ago regarding a supposed 2,161.03 debt that I DON’T believe I owe. (or at…

Advice for tax debt? I owe about $3k in old taxes from doing gig work (1099) over the last ten years. I slacked on it and I want to take care of it now. I’m wondering if it’s a good idea to refinance my vehicle loan (I owe about $3k and it’s easily worth $10k) and add on enough to pay off the taxes. Is this a good idea? Is there any way to get my tax debt lowered? I…

Trying to find paper on Debt to Asset Ratio I’m looking for a specific academic paper that discusses the optimal debt-to-asset ratio over a person’s life cycle. The study suggested that having a high debt-to-asset ratio early in life is optimal and this ratio should gradually decrease as one approaches retirement. It mentioned starting with a debt ratio of around 2 and dropping towards 1 …

Need financial advice on how to handle personal debt and business debt Sorry, my first post was removed by bots due to a short title. UPDATE: The company is Farmer’s. They have made so many changes and I hate it. She has a good District Manager and good fellow agents but corporate is terrible. Hi all, my wife and I are in serious debt and we are thinking about either selling the house, selling her business, filin…