50k in debt at 42. Should I refinance my house or sell my investments to pay off the debt? I am 50k in debt through credit cards. The debt is on a LOC right now at 9%. How do I deal with the debt? Refinance my house? Sell off investments? Thanks submitted by /u/BasilikiZ

Debt collector trying to collect 10 year old debt As title says. Ten years ago I had an account with Sprint with my then partner. Between being young and stupid, and situations with my ex, the account was closed. I honestly forgot about it, but I just a letter from a debt collector. I’m in ohio, and from what I’ve been able to find the statute of limitations is 8 years. On top of this, it says …

How the Debt Could Hamstring Trump’s Agenda Republicans are hunting for ways to pay for President Trump’s expensive plans while avoiding a freakout on Wall Street.

Debt Help Self Employed N Ireland Hi i am new to reddit so please excuse me if i have posted on the wrong thread and would appreciate if anyone had any recommendations of best group to post it on. Basically between personal debt and then 2 years ago taking the plunge and opening my own small business (sole trader self employed) i am ashamed to say i have racked up £35,000 in deb…

Is it worth paying off a collection debt? I have an American Express debt that was originally $1108.00. I was like 20 or 21 when I (stupidly) let this debt go to collections. I am receiving email offers now stating I can resolve the entire account for 1 payment of $330.00. I’m tempted, but not sure if it’s worth it…. ? I’ve been told doing this can lead to more harm than good but I’m tr…

Unable to dent card debt Okay, I get it. My poor decisions put me in this spot. I racked up $25,000 in credit card debt over several cards plus $4000 left in vehicle. Credit history of 8 years with 0 missed payments. 687 credit score after the 3rd loan attempt. I haven’t used my cards in about a year now but I legitimately can’t pay off balances. I make $4200/month but …

My dad is in debt and I don’t know how to help Hi, I haven’t written many posts on Reddit and English isn’t my main language so I’ll try my best I’m 19 and my dad is 47, he separated from my mom when I was 8 and since he’s gotten a new girlfriend, he’s lived with her for about 11 years now. His girlfriend has a Son, and today he told me about my dad’s situation since I only visit him on the …

Should I keep aggressively pay down debt or save more? I have $107,009.29 in debt. About $19,000 from credit card. The rest student loans. EDIT: Average of 7.41% on Government loans totaling $52,648.85. & private loans 35,360.44 at 3.47% I’m on track to pay off my credit card debt by August. If I aggressively pay off my debt, I can pay student loans off by April 2027. I have $1000 saved in an emerge…

£6k credit card debt, struggling to pay balance off and denied balance transfer from major lenders. Struggling to see a way out of debt. Never posted here before but looking for some advice and guidance. I took out three credit cards during the pandemic when I had just finished university and the job market for my profession was volatile at best. I have since amassed just under £6k debt. I am currently making the minimum payment each month and can’t see an end to this due to oth…

US Debt Faces Record as Trump and GOP Plan Tax Cuts The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.

U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.

Possible to be denied job due to high debt? Hi, so I’m applying for a job that obviously requires a background check. I do have a low credit score due to credit utilization. I have about $50K CC debt, and an unsecured personal loan for $25K. To be very clear, I have never missed a payment in my life, and have no other negatives in my credit report (collections etc). Could high CC debt be…

Need help saving and eliminating debt I’m 36 years old. I have ~$26k in debt spread over 3 CC cards. I’ve had a poor relationship with money my whole life, have minimal savings and my finances have been a disaster for a long time. Mostly due to gambling, high risk crypto investments and reckless spending. After a year of therapy/meetings, etc. I can confidently say that part of my l…

Is there any good reason to have this much CC debt? I (24 y/o) was recently home for the holidays and discovered my parents (Mom in late 50s, Dad in late 60s — both still working) are carrying ~30k in credit card debt. My dad left the CC bill on the kitchen table overnight and I saw it. They’re getting charged 26% APY — this isn’t a case where they’re taking advantage of a promotional interest …

Lots of cc debt (10k), 30k in student loan debt, 6k left on car payment, rent is 1400 a month, 4k USD a month (net) income. I’m trying to get a hold of my finances. I got a job making 72k a year in California, but I have no savings. It’s getting scary.. I wanted to ask my parents to loan me 10k to pay off my cc debt and owe them instead so I’m not hit with interest. All of my 0 apr intros have expired so I’m paying so much on interest.. ie 120 payment and 90 is added…

Best way to get out of my debt Hello everyone, male 21 years old, I’m stuck on how I should go about getting rid of my debt. It may not be as high as others but to me it feels like it’s over. I bought my first car April of 2023 and paid it $14k in cash and I was left with empty pockets and resulted to using credit cards for a bit and making bad decisions. I have a Chase sapph…

Letter from debt collector for around $7800 in debt Hi everyone! I was recently sent a letter in the mail from Northstar Location Services attempting to collect a payment of $3700 for the original $7800 debt from discover. They gave me until the end of December to pay, but due to being in a very rough financial situation I can’t afford to pay that. Any advice for a situation like this? I don’t kn…

Should I use savings to lower debt? Feeling pretty stupid over the years. I’ve usually been great with money ever since I started working. I got a credit card when I was 18 and always paid the balance down. Then the line just kept increasing, I got carried away, and now I’m with debt. It’s about $9,700. I put more than the minimum payment down every month but I feel like it doesn’…

Ex-England boss Eriksson died heavily in debt Swedish football manager Sven-Goran Eriksson, the first foreigner to lead the England national team, died with debts of over £3.8 million ($4.64 million) following years of financial mismanagement.

Partner’s credit tanked 100 points. He doesn’t recognize the debt. What it says on the tin: My partner got an email today saying that his credit has tanked 100 points. He was on track to 700, now is below 600. The thing is that the debt listed is a medical debt for a city he hasn’t lived in for four years, with a medical group that isn’t affiliated with any hospitals he’d been to while living there. It totals …