Debt settlement question So I’m working on paying off my CC debts, but I want to know if it’s okay to take settlements aswell I have one for my Apple Card total balance 4.5k but I have a settlement amount for 2.2k I know that It will show on credit report as paid settled amount but I wanted to know your opinions weather I said pay in pull or take the settlement amount …

Drowning in debt, any advice appreciated Hi, I just wanted some advice or to see what others have done in similar situations. My financial status: Visa credit card- 11k debt at 27% interest Visa credit card- 3k @ 27% Discover card-1k @25% Visa credit card Wells Fargo- 7k at @23% AmEx: 1k Personal loan: 11k Mortgage- 1600$ per month Savings in cash: 10k High yield CD: 10k (sealed for 3 …

I have a job that is barely paying for my parents rent. I cannot save any money due to student debt expenses. How should I go about moving out? To put it simply, I feel out of options. I lost the job I had and once I did my parents forced me to start paying rent or leave. It took me multiple months to get another job, during which I got in a car accident, and now that I finally have another I am out of all my savings. With my new job I am payed less than I was previously and can barely …

How to approach my debt with severance money? I recently got laid off and for 10 weeks i will be getting $1100 pre tax. Im not sure how i will receive my 401k which has $18k and my pension plan is separate which has $15k (i’m only 23). I also have another job i will be starting however this new job pays biweekly, roughly $4500 a month and this is without incentives and extra days worked (I …

How do I go to college without going into debt? I know it sounds wild- but I am 19. And the college I have my heart set on costs 18 a year (for me) I would start in august. Plus I have an apartment and live on my own. How do I save up even a decent amount with budgeting and saving to maybe get half of that? I make 1,120 dollars every two weeks. Which isn’t a ton I know. But yea any advice wou…

44F, no debt, nest egg, what comes next? Throwaway account. Just looking to see what my next move should be. I am still learning about investments and finances and have not found a financial advisor yet, so I’m kind of lost. Divorced, 44F one child (16). After my divorce a few years ago, I paid off all debt and through careful budgeting and salary increases through promotions, I have n…

Should I sell my house to pay off wife student loans and credit card debt? I can make about 120k if I sold my house right now. My wife has about 30k in student loans and together about we have 48k in personal debt. I work in building maintenance and would be able to get a 2br living on site at my property with a 75%-80% discount on the rent. We have a combine income of about 160k before taxes and currently working to p…

Talk me out of going into debt and trading in a reliable car I’ve had my 2012 Acura tsx 4 cyl for 2 and a half years. It has been reliable only minor things that I had to fix, But I hate the way this car drive, it feels like a cheap civic. The speakers rattle and sound bad. I already changed one and they went bad again. The transmission feels so sluggish and the brakes suck, this car is too heavy for the …

Is it stupid to take 12k out of Roth IRA and put it towards 60k student loan debt? Hi all, earlier in the year I funded last year’s and this year’s IRA for a total of around 12k. Now with student loan repayments starting back up, I’m thinking this was a dumb idea and should have used that money toward the debt? Should I take it out and focus on the debt before funding a Roth Ira? submitted by /u/MahoneysMan

A whale amount of debt So I’m in horrible shape, but not dead (yet). I have approx $400,000 (yes $400k) in personal loan debt. I have had to borrow due to large medical bills and keeping my business afloat. Every 3 months or so, I have opened a new personal loan for about $40k, and now I have amassed about $400k in open non-secured loans with 3-5 year maturities. I no…

Over $70k in debt. Advice please. Hello all, I have contemplated posting this so much. Please no harsh comments. I really dont have anyone to talk to about this. My husband (29) and I (28 f) have three kids (12 yr, 3 yr. and 21 month baby). We have about $33,700 in personal loan debt. We have about $45,xxx in credit card debt. We owe about $28,5xxk in our truck loan, I pay $14…

Received notice from debt collector who bought from another debt collector that bought from another debt collector… I received an e-mail from a debt collection agency we’ll call DC3 saying they are collecting a “current debt” I owe to another agency, DC2. I don’t recognize either companies and after looking them up DC2 seems to be legitimate (and litigious), but DC3’s credibility is disputed. However, when I saw the balance, I noticed it matches the amount ow…

Drowning in Debt – Need Advice Debt built up over the course of 16 years, roughly in line with age of my oldest child (kids are friggin expensive). Cost of living outside of Washington DC is expensive too. Either way I’m a bit ashamed to disclose all of this but have found a lot of good advice seems to be given here. I want to be a good example to my kids about finding balanc…

Got a pending job offer, but can’t accept it without providing a diploma, which I won’t receive unless I pay off my school debt ($5,000) Hello everyone, This is my last semester towards my Bachelor’s. I’ve been interning since this summer, and received a job offer starting Jan 1st, but it is contingent upon me graduating and receiving my diploma. I owe my school $5k, and the university policy is that they do not release the diploma until that debt is paid. It is already after FA…

LPT: when tackling debt, think of each debt as a quest boss with HP equal to the debt. My wife uses this reframing strategy to tackle her debts. To enter college, she had to accept a quest to defeat the great dragon, HP 15,000. If you take too long he starts regenerating 500hp per turn. She slayed the beast in only a year. We’ve recently accepted a new quest in order to repair our steed. She is a better fighter than I am so I act …

What happens to your debt if you go to jail or prison for over 10 years? If you have a tremendous amount of debt; personal loans, credit card debt, car payments, house mortgage, etc totaling 100K or more with nothing being owed to the federal government, student loans or IRS, and you get locked up for a decade or more, does all that simply disappear when you get out? Or are creditors and bill collectors gonna be knoc…

Should we wait until our debt is paid off to have kids? Sort of a follow-up question to my last post. But to summarize… My wife and I have just over $94,000 in student loans. We bring in about $85,000/yr after taxes. If all goes according to plan, we should have this paid off in about 3-5 years. Possibly 2 if we take some drastic measures. My question is: Do we wait until that point to have kids? M…

Debt consolidation or bankruptcy? Need some advice and it boils down to the question in my title. Should I file bankruptcy or should I take out a debt consolidation loan? Three months ago, my husband and I had little debt. Little debt equals little stress. The warranty on our car was expiring and he was a rideshare driver. We quickly learned that rideshare was hurting us more th…

7K in debt making $2000ish a month. Ok so. I have roughly 7k in debt across 4 different cards that due to some events (partner was unexpectedly fired) i am not able to pay. Cap1 Quicksilver – $1800 (we use this card for rent every month so we can pay rent off slowly) Cap1 Platinum – $300 Chase Freedom – $1500 Apple Card – $2800 My rent is roughly $1800 a month after water and elec…

I paid off all my debt. What’s next? I’m 25F making approximately 53k before tax, my biweekly paychecks are approximately $1500. I rent a great house for below market price, my car is a 2014 and fully paid off, I have a little over 5k in savings, $40k in my investment portfolio, and my college is fully paid for by my grandfather. I contribute 5% to a 401(k) and 3% to a Roth 401(k)….