22k in debt at 21 PLEASE HELP! Hello in high school I got a Chevrolet Malibu 2018 and I went with my mom to the dealership. I got a car that was about 100,000 miles per $18,000. I know it sounds fucking stupid and I am just now realizing that after about two years, the car started messing up, turning off in traffic to where I had to trade in my car for a different one which i…

Payoff student loan debt in full? I have about 82k in a brokerage account. I’m not currently contributing to it as I’m focusing on my 401k, Roth, FSA, and HSA (2 kids currently, 3rd arrives Thursday). My student loans are currently at 35k at 6.25%. The only other consumer debt we have is a car loan that we are paying $800 for another two years. Bought new in October of 2024. O…

Pay off undergrad debt or invest? Hello! I’m currently married in my early 20s and in my senior year of undergrad getting ready to apply to medical school. Quick run down: We have about $2k leftover per month to go towards our financial future/goals. Our emergency fund in our HYSA is at about $5.5k and we want to get that to our target of $12k ASAP. We have $20k in Roth IRAs s…

In 4.5k CC debt, should I pay off in increments or save up to pay all at once? Hi! 21 y/o here. This has been giving me great shame but I made some irresponsible decisions in both 2023 and 2024 and wasn’t able to work last year so I ignored my debt. Now my mistakes from last year are coming back to bite me in the ass. I started working again and make about $2,000 a month. I could attempt to chip away at this debt in $500-…

Figuring out debt repayment So, long story, but I racked up a ton of debt getting a bachelor’s and a Masters degree, and want to pursue more education. (This is the only debt I have currently). It’s fairly common in my area for post-grad degree seekers to take out more in student loans to cover cost of living during their post-grad degree. My initial folly, was taking out …

Medical Debt on Credit Report Hey all, Looking for some advice regarding the CFPB’s new rule on medical debt and credit reporting. Had a hospital bill that I fell behind on and it got sent to collections about a year ago. There are some really great resources around here for negotiating settlements with debt collectors, and I intend to take their advice, but I’m wondering wh…

I’m in Debt and Worried I Got Scammed—Need Advice on What to Do Next Hey everyone, I’m in a tough spot and could really use some advice. I have a lot of debt, and a while ago, I hired Elite Legal Practice to help me take care of it. I’ve been paying them almost $300 a month for 42 months, but now I’m seeing a lot of people say that this company might not be legit. This has me really worried. I don’t want to keep …

Sign on Bonus Debt Collector I was recently contacted by Summit A*R Debt Collection regarding a sign on bonus for a previous company ($25k). I received a debt validation letter via email with the contract and everything. I asked for the original creditor’s contact information and was told no basically. That they didn’t want to contact me since they hired this company on the…

Medical debt sent to collections. They sent me a letter with options I have no idea how to navigate this or what to choose as I have never delt with collection agencies before. They are giving me these 3 options 1) dispute the debt by specific date ( give explanation of why I am disputing: a) not my debt b) amount is wrong c) other) 2)Request them to send the name and address of the original creditor 3) make a pa…

Federal Debt Is Now Worrying Even Progressives Long a focus of conservatives, the level of public borrowing is starting to concern left-leaning economists. Proposed remedies still differ radically.

tale as old as time y’all, medical debt. ER bills: 2623 this amount is from years of neglect some are very old and some are from like some time in 2023 – sent to collections. this is the biggest one. these guys have been harassing me for years. lab tests: 457.54 – sent to collections. these are from my PCP, i thought i paid these off. i have been adamant about paying off my bills to m…

Statute-Barred Debt UK Hi, I paid off a statute barred debt as at the time I was very young and was unaware the debt was Statute-Barred. Will I be able to get this money back? As I have to borrow the money from another person submitted by /u/Jaded_Cheesecake3312

Debt Payoff Order Snowball or Highest Interest Currently owe: $6200 @ 4.6% min payment $100/mo Federal Student loan $6200 @ 6.3% no min payment, this is a limited partnership, I get paid $70/mo that goes straight to loan and two additional payments a year usually between $500-$1000 per payment, again goes straight to loan $23000 @ 6.99% min payment $400/mo car loan Typically have $2k lefto…

Should I keep on saving or pay off debt? Hey everyone! So, I make around $5900 per month which is a very, very good salary where I live. I have made a loooooot of dumb financial decisions in my life and right now I owe around $30k (CCs, small loans,…). I started to get serious in the last year or so and started saving. Right now I have finally saved $30k which sounds just about right…

Paying off debt w/ stock earnings Hello, since I turned 18 (now 23) I’ve been putting money into stocks, I’ve earned about $5,000 on those stocks and am sitting around $18,000, I have a car loan I want to pay off early that’s around $24,000, should I sell my stocks to pay down my car loan or keep the stocks and pay off the car loan slower, this has really been bugging me lately,…

I’m 22 and am in $18k debt Hi everyone! I’m 22 and am in $18k worth of credit card debt. I was 18 and reckless, and now I am paying the consequences. I have two credit cards, one with a $5xxx.xx balance with 27% APR and one with a 12xxx.xx balance with 26% APR. What is the best way for me to tackle this? I am so tired of being in debt and having these payments take over …

Send an EOB to debt collector? I just received a debt collection notice for over 1k for a surgery I had in 2022. I’ve never received any bill for that amount. Per my insurance, I only owed $150 which I paid. I called the hospital and they confirmed they had sold a debt to that agency and said they’d send an itemized bill in 2 weeks. I called the debt collector and disputed t…

Withdraw from 401k to pay off debt? I have the urge to withdraw to get a clean slate and move forward without the stress of debt. I understand penalties , etc. Is peace of mind worth it? Update – Thank you all for your quick responses. I will opt not to withdraw but just needed confirmation of what I know is the best choice. I will not be homeless but understand and have empathy f…

Advice on Managing Student Loan Debt and Trying Not to Waste My 20s Hi everyone, Sorry this is going to be a long one. I’m 26 and graduated with my BA last year. I have $75,000 dollars in student loan debt and $2,000 in credit card debt. The student debt is split between 9 loans with interest rates varying from 4.99% – 7.6%. I currently make $33,000 a year, but will be receiving an education award of $6,800 fr…

I just received a letter from TSI over a debt I didn’t create. What do I do? As the title says, I owe TSI/Fedex $50. Here’s the thing. My two for one combo: I don’t use FedEx (nor do I have an account) and I’m on top of my finances… I have a spreadsheet that I practically update daily telling me about my assets, card points… you get the point! As a bonus, the letter was addressed to my alias. Definitely leads me to belie…