My brother admitted to me he is in $13,000 worth of debt with a personal loan of $5000 and the rest in cc debt and I don’t know what to do Reaching out on a limb here. My 22yr old brother lost his job months ago and was lying about it to the family acting like he was still working. Since then, I guess he has accumulated thousands in credit card and personal loan debt (I guess the personal loan was used to pay off his previous cc debt but he racked up more since). He has since then …

Should I overwork myself to pay off my student loan debt ASAP? 22y/o here, I recently got a good job, I start early November. This job is 50k a year and I make additional monthly bonuses on top of that 50k. I currently make 16k. I have 18k of student loan debt. My loans go as followed: 3,500 at 4.53% 5,500 at 3.73% 2,007 at 3.73% 4,500 at 2.75% 2,005 at 2.75% I am thinking of staying at my current barista j…

Investing 15% 401k while in debt I mightve gotten this backwards but when I started my career 3 years ago, I invested 15% straight away based off the advice of a video not knowing anything about finance. At the time I had no debt. Since marrying my wife, we refinanced her car under my name, incurring 16k @ 5.89% debt. I have $2k in my savings but only because i paid up front to…

Should I take money out of my savings to put toward my student loan debt? 25F, single. I’ve been working as a nurse for 2 years in high COL state. Yearly income: $95k-100k Monthly take home pay (after taxes, health insurance, retirement contribution): $4600-6500 Savings: $18k in regular savings (going to transfer to HYSA) $13k in 403b Debt: $72k student loan debt -$21k @ 7.08% (parent plus loans in dad’s name that I…

Student Loan Debt Dilemma I have 21K in student loan debt and about the same invested in the market through mutual funds and equities. For some background i work as a Project Engineer making about 78K/year and I am 26 years old. My question is, what is you guys’ take on paying off all of my debt with the money i have made investing vs continuing to make the payments on t…

Should I really pay off all my debt before maxing out retirement accounts? I (23) have about 30k remaining in student loans. 22k public with an average interest rate of 3.5%, and 8k private with an average interest rate of 4.3%. My minimum payment is $410, but I’ve been paying $500-$600 to get these paid off faster. I recently built a 3 month emergency fund of 9k in a HYSA. Per the flowchart, now I should pay off all …

Took On Too Many 0% Payments? Next Move – Pay Down or Work on Other Debt? Im in my mid 20s living at home with my parents and currently have the following: – $20k saved – Maxing out 401k – Make $150k a year (or $3500 after taxes/contributions per pay period) – Usually spend $800/month for normal expenses I have the following debts: – $25k in student loans (3-5%) – $13,500 in 0% no credit related payments to a travel c…

If my father dies with debt, but has life insurance, how does that play out? (CA). My father has a 150K whole life insurance policy. I know debt isn’t inheritable, but how does it work with spouses? My mother will most likely still be alive. If he were to have medical debt when he passes away, would the life insurance go to the debt? Wondering as this is a very real scenario in the next 5 years or so. submitted by …

I feel like a slave to my debt and I’m not sure if this is normal (financial break down and help needed) Hello I am having an anxiety attack at 11pm trying to come to terms with my life. Monthly income: 6,800 Mortgage: -1450 (2.3%) Car note: -620 (36 months 10%) Fixed monthly costs: -845 Consumer debt: – 725 (credit cards, personal loan, medical). Weekly budget: 400(-1600) Student debt- I have it but my work is paying it monthly. Left over per mo…

FIL just died. How much of his medical debt (and other debt) would his kids be responsible forfor. My FIL died in hospice not too long ago. His wife is currently in a nursing home. Both were/are on Medicare. They’ve always been pretty poor, and their estate’s assets are pretty much non existent. We have paid most of the funeral costs but now are getting bills for his medical debt. There may be some other bills coming as well. The question is …

I’m drowning in debt… Help! I’m drowning in debt. Im a single mother to two (8,9) who made less than desierable decisions in my earlier years that are draining me now. Im going to cut to the chase… I am considering filing bankruptcy but I hate to loose my car. It’s the only thing i’ve kept up besides our apt we’ve been in since 2014 and is almost paid off. (7/24) M…

You Can ‘Unionize’ Your Debt When facing what feels like a crushing amount of debt, you may be tempted to resign yourself to feeling hopeless and alone. This is understandable, given how society tends to treat debt like a personal problem—your mistake, your job to deal with the consequences. But debtors’ unions are trying to change that. Read more…

Automakers Should Be Freaking Out About Student Loan Debt It’s been a hell of a few years for American automakers; profits have been good, very good. Ford, General Motors, and Stellantis have made $250 billion since 2013, with another $32 billion on the way by the end of the year according to Economic Policy Institute. But there are dark clouds gathering for the Big 3 just… Read more…

Debt Pay-off vs Building a Safety Net I am a male in my early 30s working in the IT industry. My current job is likely going to be subject to layoffs by the end of the year and so I am looking at other opportunities. It’s not ideal timing given that I have been on a debt pay-off rampage. Over the past 6 months I’ve reduced my CC debt from $22k down to about $5k. I sold my car and al…

Debt is bad and bringing me down fast I’m 27 years old almost 28, I have like 15k in credit card debt alone (don’t judge plz) I used them up when I was younger. I’ve had now 3 personal loans before, 2 paid off already. I have a car not paid off. There’s a way to get 20k from reprisal financial I guess but my car would be collateral. I’m currently -$300 in my checking account and I h…

I am in 40k debt. Please give me advice on what to pay off first. I am working multiple doubles a week to have a bit of extra income a month to put towards my credit so I can pay them off faster, even if it’s a year faster. I want to go back to school but I can’t until I lower my debt. I just don’t know which ones to pay off first. I was in the hospital for a month so I have medical expenses as well. I was ver…

i’m 21 & have $30k in debt — help! i’m 21 y/o and have 30,000 in cc debt i make roughly $1500-$2000 /mo monthly expenses are roughly $1700 /mo (not including the debt / interest) it’s incredibly difficult to get myself out of this hole i put myself in, but i was reaching out for some guidance — ive learned a lot since i’ve accumulated this debt, i was originally putting everythin…

What’s the best way to get out of my debt? Hi everyone. I would really appreciate any guidance and/or advice. I (29 F) have the following debt; – 17k in credit card debt (accrued in 2020 after COVID and have been trying to pay it off ever since) – 6k in student loans – 20 k in personal loans (HVAC went out earlier this year) – 22k in car loan I am a home owner and my mortgage is 1,400 a…

$17k in debt, renting, no reliable car, wedding planning, are we doomed? As the title suggests, I’m feeling very hopeless here. I (32f) have $17k in CC debt and recently engaged. My salary is $78k and my fiancés (40m) is around $90k. His salary is garnished significantly for child support for 3 kids even though we have them 3 weekends a month but that’s a complaint for another day. My car is barely driveable and my f…

Will a default judgment due to debt affect my ability to find employment? Situation: I’ve racked up some pretty hefty credit card debt, totaling around 20K, due to some family issues that I will not disclose. Right now, I have 4-5 charged off accounts and my credit score is in the 400s. I’ve been working overseas for the past two years and did not pay the minimum payment on my accounts, and that’s why they were charge…