How Much Debt Does China Have? A major lender abroad, China is facing a debt bomb at home: trillions of dollars owed by local governments, their financial affiliates, and real estate developers.

People need to think about credit card debt (or any debt) differently. You have to think of available disposable income to repay! A person might think $10k on credit card is “okay” because they make $60k/yr. No. It means at 20% they gotta find an extra $250/month in your monthly budget of all your income and expenses, to be able to pay it all off in 67 months (that’s 5 years, 7 months), paying over $16,616 total. And that’s assuming they cut up their credit card and haven’…

Need some opinions about debt My wife, child and I received a large settlement over a year ago that we parked into HYSA until we decided the best next steps. My wife and I each got a little over 100k and our child was set aside 25k in a 529plan. I currently have 64k in graduate student loans at 6.5% interest. My plan is to pay off the student loan in full, and my wife and I …

I have enough to just pay off my 20k student loan debt in one swoop. Should I do it? I’ve been saving diligently since the pause began and have enough to pay it all off + $3k (ish) starter emergency fund left over. Should I do it all at once or do it over payments and invest? Leaning toward the former since the market is whack and a lot is up in the air right now. I think the dollar is about to tank. submitted by /u/jack…

HELOC for debt consolidation? I have been financially independent my entire life, and quite responsible with spending. Well, covid hit both my partner and I in terrible ways. I was able to secure a covid relief business loan of 30k, and have started chipping away at this. Long story short, I own my home, and my partner was unemployed for 18 months. This …

Medical Debt in Collections I have a very small ($25) medical debt that was sent to by my PCP to collections. This is my own stupidity/confusion. I have a credit score of > 800. Is it better to pay through collections or see if PCP billing will recall/let me pay, or does it make no real difference if paid immediately? I have no debt except mortgage. Savings at 10k (just pa…

I’m in so much debt and no one will hire me. I have a bachelors & past work experience. 25F, Texas. made some extremely poor decisions with credit cards & I am $20k in debt. I have a Bachelors in Communications & have had decent jobs, however I quit my last one as a teacher in January, was unable to get unemployment because I quit, and have been applying everywhere since. I am miserable. I live with my parents & they are helping me…

I am so far in debt and struggling so much Me (20F) and my husband (22) have about 4-5 credit cards that are all maxed out. I have student loan payments, plus doctor bills that I still haven’t paid. Our debit card is maxed in the negative. I don’t even know what to do. We are both working as much as we can. We have a daughter (9months) and at least we are able to keep her fed and happy, …

Friend has >$10k medical debt, need advice A friend of the family works as a nail technician in a family business that his sister owns. His wife also works there. He had no health insurance. Recently his kidney became infected which sent him to the ER and then he was admitted to the hospital. After a day or so he checked himself out AMA because he was so concerned about the bill. He now …

Does Debt to Income Ratio significantly impact mortgage interest rates? My SO and I are applying for a mortgage. The bank gave us an interest rate and when we were looking over the final documents, in the credit section we saw a credit card with a large amount of debt and a minimum payment that was almost 3-4x the rest of our cards (We do not have any debts apart from monthly credit card use which is paid in full ea…