Personal loan to payoff credit card debt. So I can take out a personal loan to payoff credit debt but my apr would actually be higher since my credit rating is 620. But by paying off my credit cards my credit would jump to 770. Would it than be possible to take out another loan with better terms to pay off the previous loan? submitted by /u/Da_brightman

Now what? 20k in savings no debt. Hello all, I’m 30 year old male, 1 child, one on the way, and wife. Together my wife and I have 20k in savings, all 3 cars are paid off. Our bills come out to roughly 1400$ a month our mortgage is only 415$ a month, bought a little 2 bedroom house in 2019. Once baby is here our income will drop down to 4000$ a month, we live a very frugal lifest…

Should I pay off my debt now and get it over with? I have been in credit card debt since this January for making stupid decisions while I was studying to take my NCLEX and become a nurse. I would have been able to pay off my debt months ago (I’ve been a nurse since April) but between having fun, paying bills, investing, and putting money into my small business that I want to start, I never paid …

Should I pay the minimum amount on my student debt or invest? I’m a 23M making around 120k/yr. I have my emergency fund up to 8k which is 3 months of my monthly expense. I have two loans adding up to 30k in student debt. One has around 5.2% in interest rate and the other is 6.5%. I’m planning on paying $1000 monthly on the debt to pay it off quickly but I feel like this $1000 would best be invested in a in…

Grandpa(95) is drowning in debt and need advise Ill try to keep this as short as possible so its easy to understand. My grandpa has about 30k in unsecured debt with credit cards and a personal unsecured loan. He is 95 years old and the debt is crippling him after they had to move into a home. He is on fixed income from social security and his pension. Options i think he has. Stop paying the …

No debt, 100k in savings, trying to buy a house. I currently have around 100k in savings, 45k in a portfolio, plus around 30k into 401k. I make about 63k a year, and will be making 80k in January garunteed grade promotion I am pre approved for 300k homeloan (VA). My gov job has a lot of benefits, so my take home check isn’t as high as the salary would indicate (401k contribution, pension, heal…

60k in debt, no car, no money no savings, is my life over? I’m 21 years old, Im trying to restart my life after ruining it for some time. I went into college in 2020 and did so poorly that my university pulled my financial aid so I would’ve had to pay out of pocket. To solve this issue my mom and I decided that getting private student loans to cover my bill until I achieve good enough academic standing …

Sell home to wipe debt clean Hello finance people, This has nothing to do with fears of housing market. Purely a reevaluate our future home future kids goals. I surfaced this question to my wife when we bought our first house. But recently have looked at it again. Would selling our home (which was an investment choice) be prudent? I 33M make 82k with no benefits Wife 30F ma…

Question about negotiating down medical debt with collection agency… I called the collection agency today to pay off the debt and I was hoping I could negotiate a lower settlement. The person I spoke with said they couldn’t negotiate on the price as I had health insurance at the time. Is this a legit thing? Or did they just not want to negotiate on the price? Thanks. submitted by /u/kumquatx

Roughly 30k in cc debt Just found out (wife has been handling the finances, I know I should have kept tabs) that between our shared account $12k, a retail account $6k and her account I don’t have access to $12k I’m in a fuck load of credit card debt! I have literally 0 experience with this, I didn’t get my first cc until I was 32….what the hell am I supposed to do!?…

U.S. National Debt Tops $33 Trillion for First Time The fiscal milestone comes as Congress is facing a new spending fight with a government shutdown looming.

Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped? The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.

Crappy Car Purchase, Credit Card Debt, Debt Consolidation Loan Okay so, I (25, F, single, no kids) take home about 9k after tax and I recently took a personal loan of 64k, 14% interest for 3 years to buy a used car and pay off some CC debt (not US so all currency should be divided by 7). I didn’t have much savings before buying the car, maybe 3k at the time I was renting with a sibling, but planning to move…

Overwhelmed with debt Hi! I lost my job last year (mortgage underwriter) and I am now $66k in credit card debt. I tried to apply for some credit card balance transfer and I got denied by all the major banks. I even got denied by a lot of debt consolidation companies. My fixed expensive are $5500 per month and I am going to get a job hopefully soon making $5k a month …

I am $32k in debt that will be rectified soon, but i have questions. i’m 23, male. made a lot of financial mistakes from 18-21 that i’ve been trying to fix for a little over a year now. i messed up big time and got suspended unpaid at work for over a month, which set me back severely, recovering has been extremely hard. as of today, i just got my second missed payment after 5 years of perfect on time payments. my…

Inherited my moms house….so much debt Hello everyone! I am in a bit of a pickle right now and need help. My mother passed away 1 month ago. Its just me and my brother now. Her only asset was our childhood home. We’re going to be starting the probate process soon with a good lawyer however we have received confusing information recently and I just need an unbiased 3rd…

Drowning in debt. What do i do? I need help badly. I have huge debt rounding up to about 43k in total. Paying all of this is so hard even when i’m working two jobs. I bring home roughly $500 a week. I’m past due all my bills and i could be facing a repossession if i don’t make a payment on my car. Here are some of my bills: Car note: $625 Insurance: $180 Credit union: $300 Spe…

How to insulate yourself from your parents’ debt? I noticed that my dad and his wife – who have never been all that well off – have been travelling a lot the past two years, going on at least 3-4 international trips per year. I casually asked how they had been paying for these trips, and he told me that his wife “Loves credit cards”. A little alarmed by this, I asked about their greater financi…

Debt Payment Across 4 Cards Hi guys, How would you guys tackle these payments? I have 4 credit cards. I am paid weekly $634 Card 1- 1890 Card 2 – 328 Card 3 – 518 Apple – 1059 40,560 salary Other payments: Car – 477 Internet – 89 Phone – 75 submitted by /u/ckk–

30k inheritance: pay down debt or save? Not sure what to do with 30k inheritance (Yes, I’ve read the Windfall part of the wiki but I was hoping for some specific advice about this not-life changing amount.) TLDR: What would you do with a modest family inheritance: save for something meaningful and invest in the meantime, or use it to pay off debt? I came into 30k after my grandpa pass…