Advice on debt payoff Hi All, I got myself into some credit card trouble and want to figure out the best way to attack paying off my debt. Below is my situation CC1 – 13k debt – 28% apr CC2 – 5k debt – 25% apr Total debt is 18k I have 6k in a HYSA in my emergency fund I have 18k in my roth ira Take home pay between me and my wife is $6500-7000 a month but monthly exp…

Sent to debt collectors help I saw my credit score drop significantly recently and when I looked into it I saw an account in collections. I called around and turns out what happened was: 1. I moved to a different city, so I changed cell providers 2. Old provider sent last months bill via mail 3. I moved so never got the bill at old address 4. Fast forward to now and this bi…

Google assistant and debt collectors Good afternoon, if a debt collector calls, and my Google virtual assistant answers to screen the call, does that reset the “legal clock” for said debt? The collector isnt actually talking to me, nor does it say my name. submitted by /u/joeber33

Debt collector saying I owe a debt that is in my fathers name. Hi guys. In 2019 I was in college and my dad paid for my first apartment. His name was on the apartment as the co-signer and guarantor and he made the payments for the apartment. I ended up getting kicked out of this apartment totally illegally (I think). My ex boyfriend broke into my apartment one night and assaulted me and my current boyfriend…

There’s a Program to Cancel Private Student Debt. Most Don’t Know About It. A nonprofit group is publicizing the relief program that Navient, a large lender, created for students who attended for-profit schools that misled them.

I’m embarrassed about my debt and need advice hey everyone, using a throwaway account I have bc I’m honestly embarrassed to have this on my main account. I have about 20k in credit card debt (does not include student loans) that I took out a personal loan for from SoFi at the beginning of the year to pay off all my cards and consolidate my payment into one (and to avoid those higher inter…

Unsure Next Step for Dealing with Debt Hey everyone, I’m in need of some help. I’m not sure what the best course of action is. To get to the point I have 8-9k worth of debt. Multiple credit cards, 2 of these have been sent to collection agencies. I also have about 28k worth of student loans and those payments will start in December. Debt, Income, and budget will all be listed below …

Keep debt in LOC or CC? I owe about $6000 on both, lots of room left on both. My CC interest rate is 20.99% and my LOC is 11.20% (variable 4%+prime) Should I pay my CC off fully and just pay down my LOC? I use my CC for bills but I can make those payments as soon as they come out to keep the balance at $0. submitted by /u/Moodygurl666

I have a question about some debt I’m trying to pay. Hi r/personalfinance , so I have a question about payments, whenever I go to my bank they get stumped with my questions that seem simple, so I stooped asking. I have 3 debt of about 10 000$ so 30 000$ to pay off, all 3 at 10% interest. so I pay about 300$ a month of interest. My new job pays me about 2000$ per pay (rounding it up), how should I…

Two SEC Lawyers Resign Following Debt Box Sanctions Fiasco: Bloomberg Two lawyers for the U.S. Securities and Exchange Commission (SEC) were forced to resign after a federal judge sanctioned the agency last month for committing a “gross abuse of power” while attempting to secure a temporary restraining order against Utah-based crypto company Debt Box, according to a Monday report from Bloomberg.

CC debt and final interest and payment question I’ve carried a balance on a credit card for the past couple of months. My last statement ended on April 16th, with a payment due date of May 13th. Let’s say I pay the statement balance (which is also the current balance since I haven’t been using the card) on May 2nd. If I start using the card again after that payment posts, will I be charged da…

My debt is consuming me I’m not looking for the typical advice that I have already read through. I’m 24 years old and am learning things the hard way. I didn’t grow up with anyone financially stable around me and never learned the importance of saving and spending carefully. I have acquired about 15k in credit card debt. I am financing a car that is too expensive for m…

Conflicted on debt vs savings I have about 62k in a HYSA earning 5 percent which is gaining me around 240 a month in interest. I have two outstanding loans. One for a house improvement project that has 44 payments left interest at 5.99. Remaining principal is around 17,500. I took out a car note recently where the principal loan is 22,700. I already made two principal paymen…

Selling my house to pay off my debt, mistake? I’m wiring here to hopefully make myself feel like I’m making her right decision by selling vs renting. I bought a new construction home in 2021 and currently have a 2.8% interest rate on a home in Fillmore, CA. My monthly mortgage is currently $5,200 per month (escrow shortage killed me) and my utilities are as follows: $800,017 left on our ho…

Any suggestions to go with what I’m already doing for debt management? I grew up in a very financially illiterate family and managed to compile about $25k in consumer debt throughout my 20s. In the last two years, I’ve whittled that down to $11,900 and have begun squirreling away small amounts in different investment accounts and a high interest savings account. My income is variable, but I’ve become more cogniza…

Elderly parent has significant debt and no job My (26f) mom (70) “retired” a few years ago despite not being nearly financially secure enough to do so. Cut to today and she currently has 6k remaining in her 401k with no other savings, and is just over 100k in debt (43k remaining on mortgage, 23k car debt across two cars, 25k credit card debt, 10k in other loans). Monthly expenses including …

Student debt is 150%+ of income, feeling hopeless Student debt is 150k, combined income is 90k, feeling hopeless We make a combined 90k per year before taxes but owe 150k total. 49k in private loans (her) at 9% recently refinanced down from 15% 27k in federal (her) 40k in parent plus (mine but under my dad’s name) at 7% 34k in federal (mine) at 6% We drive beater cars that are paid off. We live…

Selling Gear to pay off debt? I have about $2.5k left on my car loan @ 6.2% interest. Also have $1.5k of CC expenses. I got into the bad habit of online shopping for camera gear, music gear, and excessive media consumption during peak COVID. Now that I am in a healthier place and starting to manage my budget; curious if anyone has struggled with just buying stuff and how the…

Just found out about extra student debt I just found out how bad my wife’s student debt situation is. She is a teacher and went to a private school which was apparently quite expensive. There are loans with 2 different providers that total around $50,000 but the real kicker is that they are variable interest rate loans so it seems like it’s kind of an emergency to pay them off as soon…

Suffocating in Debt: (gentle) Feedback welcome I know there is one of these posts at least once a week and it can get old but would love some feedback: I already have a plan of action. Honestly, I wanted a third-party review and to vent because this is low-key embarrassing. So here is a breakdown of how bad it has gotten: Card One: 5,450.60 Card Two: 6,064.01 Card Three: 5,796 Card Four: 2,…