Debt collector took money from my account Got a few calls from a very well known debt collection agency in New York. The lady told me I owed them for a credit card that I already knew was going to come back to bite me. She told me the lowest I could pay monthly was $150. I told her okay I want to do that and gave her my bank info (lesson learned) She then started reading me an agreemen…

Do i pay off my debt or save?? For background context i’m 19 years old from Missouri. I have $15500 in savings after just under 2 years of working as a 911 operator, I still live with my parents so i only have my own personal expenses and my truck payment. I have a 2014 Chevy Silverado that i currently owe $11,411 on. I also am wanting to move out sometime this year, Preferab…

Please dead parents debt Please help* My mother past away and I received money through her estate. Probate court has been done and dealt with and I received the money about 6 months ago. The money was held for awhile to give anyone who my mother had debt with to be paid. Nothing was reported. Do I still have to pay this collection agency now? They took over a medical bi…

Just found out my mother is in debt My senior (73) mother recently lost her husband. Unbeknownst to me, she racked up significant debt during the last 6 years while he was seriously ill. Medical debt, general credit card debt, etc. She also has not filed taxes for the last 8 years. She gets SS (about 1300/month) and has a small investment fund with about 20k in it, and some shares…

Calls from supposed debt collector First off I have no idea what this could be for, I don’t have medical or cc debt or student loans. I do everything to stay out of debt by living below my means and keeping a diligent eye on my finances. Each time they call it goes to voicemail. I don’t ever pick up calls from unknown numbers, and the voicemail is a robot saying it’s a debt colle…

I need some help with debt collections that I don’t owe Super long story semi-short I tried to switch to T-Mobile about 8 months ago, but I never received a new phone from them and after going back and forth trying to get a new one I decided just to stay with my old provider. I got fully refunded for everything and the account shut down. A few weeks later I received a new phone from T-Mobile that I …

Seeking Advice on Debt and Financials for Older Parents Hi everyone, I’m looking for some guidance on my parents’ (70 and 63) situation: Monthly Income: Currently $3,000 from Social Security; we’re applying for another $800 for my mom (total potential income: $3,800). Monthly Expenses (approx. $4,974 total): American Express CC Payment: $1,150 Discover CC Payment: $366 Mortgage: $1,800 (Insurance…

$16,000 in debt from unsecured loan / lien on vehicle Hi everyone, I could really use some advice on my financial situation. I’m a 41-year-old woman with about $16,800 left on a high-interest loan (32%) that I took out in 2020 to settle $24,000 in credit card debt. The loan is secured by my 2010 Hyundai Elantra (worth almost nothing), and I can’t sell or do anything with the car until the loan is p…

Overwhelming debt, but expecting an inheritance Posting on a throwaway account. My dad passed away 1.5 years ago. Before he died, he was helping me financially because I didn’t (and still don’t) earn a high salary. I was truly grateful. When he passed, the help stopped while we worked through probate. Unfortunately, my immediate family isn’t well-adjusted, so I hired an attorney to represent …

Getting $19k bonus, what should I do with it debt wise? 25 years old, $14k owed on my truck 6.24% but I pay $800/mo towards it. $12k owed on another vehicle $299 payment but at 8.24% (commercial rates ) and $22k in student loans avg about 5%. No CC debt and no mortgage (renting) $35k in savings and keep about $10k in checking. While doing 12% into split Roth/traditional. I am getting a $19k bonus wh…

In need of guidance on debt resolution We fell into deep credit debt, we got desperate and signed up with “beyond finance” debt solutions. Long story short, we owe discover 13k, they refused to work with BF on a settlement and since turned us over to debt collection lawyer firm “Weltman Weinberg resolutions” they want 10,768 to settle the debt, BUT they want it all in 1 lump sum paym…

Should I work as much overtime as I can to pay off debt? The only debt I have is student loans at $50K. I’m coming to realize I’m gonna have to pay these off, and sooner rather than later is better because of accruing interest. I think the best way for me to earn more money, is just by putting more hours in. It sucks, that I’m basically renting out my body to my employer for a wage, but that’s what I’…

Is it smarter to pay off all my debt and get left with no savings? Or should I pay off majority of my debt and put 1K in savings? I am getting a huge refund this year. That covers all of my debt exactly. I have two credit cards with a high balance. I also have a auto loan still open. That gap insurance never covered that I’m planning to pay off. (It was denied before yall ask) I have been having this credit card debt for years already, and I would like to get it over with…

Balancing debt with upcoming large purchases – looking for advice So I came into a small windfall of money and was looking into what I should be using it for, I read the wiki but it didn’t fully cover everything in my situation. The short version is that I was unemployed for about a year, I blew through my emergency fund and racked up 25k in credit card debt. I found a decent job, over a year and a half that d…

Question about paying off debt and stock question I am just starting on my finance journey so forgive me if this is a dumb question but I owe 794 dollars on a personal loan (my current car) i have no money in savings and 408 dollars in my checking account with my monthly minimum of 213 coming up on the 13th however I know this is stupid but I recently got access to my account from a previous em…

Debt Repayment Strategy I have around $8000 USD in debt. I currently make around 90k CAD per year which is roughly 2300 CAD Biweekly. My yearly bonus is somewhere between 5k-10k CAD. My credit card has an interest % of around 29% (yikes!). I have nearly 70k USD in investments with a return of around 18% in 2024. Would my best solution be: to aggressively pay of with w…

How do I allocate my money with low interest debt? I’m 24, I make $70k WFH in NY which after tax, insurance, 401k (6%) is $4k net monthly. My only liabilities is a student loan $3.7k @ 3% and a car note $13.9k @ 3.99% (21’ Honda Accord). I pay $100, $340 per month respectively. My expenses including, car payment, loan, food, gas, subscriptions total $1100. I still live at home with my dad and l…

How do I budget my $1000 a week with ~$8k in debt? Edit3 – Thanks a lot, everyone who commented here! Your advice is valuable to me and I really appreciate it. To begin with, I will put $2k a month towards my debt (already paid a 1000 just now) and then increase my savings. I was struggling to find a job for about a year which led me to a debt of $8k. Now that I do have a job that pays me roughl…

Helping a retiree with debt… Help! I’m very responsible with finances but I find myself helping and elderly friend who was not. HELOC: 20k Credit Card Debt: 20k Misc Debt: 25k He’s now in a retirement home spending down so he can qualify for medicaid because he does not have any other income streams. What is the best strategy to consolidate/pay for all these debts? Thanks in ad…

Paying off deceased mother’s debt with lowest tax implications My mother passed last year (fuck cancer). She had far more money that we expected but certainly nothing that’s in the realm of “we can stop working the rest of our lives” money. The majority of the money is sitting in a traditional IRA that has her children as beneficiaries. For round numbers, let’s say that each child gets $50,000, though I don…