HELP! 16k in debt and signed up for Americor Hello everyone, I recently found out I’m in 16k total debt including my credit cards that I’ve used to pay my grad school tuition. I knew this wasn’t the smartest idea but I was desperate because I’m 2 semesters away from graduating and I’m currently applying to law schools as well. I do have a full-time job and I make roughly $1,400 bi-weekly….

Getting out of CC debt with Low starting hourly job Hey all 27 year old here with 4 credit cards totaling 13k in credit card debt. Was young and dumb. I have an hourly job that is part-time but can pick up as many hours as are put up to cover the operation of the job. 30 to 40 a week. I’ll usually make 800 to 1000 a check, but it quickly goes away with rent and car payments and that such. Interes…

I have 13k cash, and no debt… I’m currently in school to get a CDL job. My only debt is my house and vehicle. Should I pay down my vehicle? What should I do with my 13k? I am thinking about getting the CDL job, selling my house and car and living the trucker lifestyle. Saving enough to buy my next house outright. I also have about $200,000(ish) in settlements that will be co…

Paying off medical debt or making monthly payments? I am soon set to potentially have around $10k in medical debt from having a baby and am curious what you all think – paying it off or making monthly payments? Right now, our savings is in a certificate earning 5% annually. We have more than enough to pay for it in full – established savings fund and then some My partner wants to just pay it of…

Debt, savings, and how to do this in your mid twenties? 26F, married for 5 years to a 26M. No kids. We made some pretty poor choices in our early 20’s and we’re now trying to climb out. Here’s the situation: Just moved back in with parents so we can focus on fixing the mess. -Husband is getting out of military next month so his income is up in the air- has job offers but nothing concrete yet. I ma…

Can a collector remove a debt after 7 years and then renew it shortly after as if a new collection? About 8 years ago I had a business and an apartment that had electric provided by the same company. They were both different accounts but same provider. When I moved I closed the account in good standing. Shortly after I closed the business and closed the account. A few weeks later I received a bill in the $700’s for the business which was BS. I…

Using home equity like of credit to pay off high interest debt Hello! We are currently sitting on 25k of credit card debt. This has been a looming thing for several years. However, my salary has nearly doubled in last 3 years (from 92k-180k). While this makes tackling all out debt much easier (overall debt is roughly 300k including house, cars, student loans), I have the ability to take out a home equity l…

Debt collection scam or a real stupid debt collector? A unknown number called me I didn’t pick up but they left a voicemail “we have called you a few times with no communication back at this point we have done a complete liability report as well as an unemployment verification, which will go back to our client and they may file this with County by the end of this week for final concerns, our offic…

22 year old with cc debt. need advice. i am a 22 year old with cc debt. i would like to pay this all off by the end of the year. please give me any advice you may have. i have 3 credit cards: chase, apple and capitol one chase – $1,600 / APR 19.24% apple – $700 / APR 26.24% capitol one – $1400 / APR 0% i am currently working full time making $22 an hour. i don’t have any car p…

Savings vs unsecured debt pay off Quick opinion question. I’ve paid a credit card down from $3000 to $728. I have $4500 in savings right now (not including retirement and c money market funds). Should I just pay the damn thing off? I’ve been posting $400 per month to get rid of it… And I like having ‘just in case’ money in savings. But the interest accruing drives me nuts. Sug…

How to explain money management and personal finance to a grown adult drowning in debt who is not emotionally mature and takes every suggestion as an attack? For some background, the grown adult I’m talking about is my 30 year old sister. Ever since I can remember, she has been terrible with her money. She has 10 credit cards, and as of last month, they are all officially maxed out. In total, she has about $20k in credit card debt. She only makes minimum payments every month, and even still her total…

First job out of college- how to pay off debt I graduated from a four-year university and currently have about $27,000 in student loans. I’ve been employed for a few months now and have started contributing $500 to my individual brokerage account and another $500 to my student loans using the debt snowball method. However, the minimum payment for my student loan account is approximately $16…

Debt noob – which would you do? I’m contemplating taking out a personal loan from my credit union to pay off a long-standing credit card balance that I racked up as an idiot before settling in my career. My options are basically a 3-year scheme with interest X, or a 4-year one with 2X but leaves a better cushion in terms of per-month owed payment. Both situations are roughly …

Help! My father has too much debt and dementia My 69yo father has completely blown his retirement on gambling. He has refinanced his house several times and to be honest he is probably under water in the house because it needs so many repairs. He has a car note as well. He has zero financial assets. He is currently in the hospital following a major surgery and we are learning of a new dement…

Elderly and debt, curious of downside for not aggressively paying down the debt. Won’t their estate just be responsible for repayment of debt? And if no estate $, it goes away? So at my age (30s) and my parents age (50-60s) it makes sense to aggressively focus on paying down debt. But what about for those in their 70s and 80s who are already well within their retirement and have had debt for 5 decades? Longer story. My grandparents have always been in and out of debt. Their credit has never been good and they don’t ma…

Pay off debt or Roth I’m 19 and have about $1,500 in a Roth IRA sitting with Schwab. I quit my job about three months ago, thinking I’d have another one by now, but with college and EMT school, I have zero time, except for some substitute teaching gigs here and there. Although I’ve never been a huge fan of credit cards and have never had debt before, I’ve built up a…

“Is It Dumb to Prioritize a Vacation While I’m Still in Debt?” Hey, r/personalfinance, I’m in a bit of a dilemma. I’m $20k in debt (mostly student loans), and I’ve been grinding hard to pay it off. This year alone, I’ve managed to knock $5k off thanks to a raise and picking up freelance work on weekends. I’ve been proud of my progress, but now I’m stuck between being ‘responsible’ and letting myself live a …

Am I Crazy, but Shouldn’t You Save 3-6 Months Before Paying Debt? After some personal experience, I feel saving 3-6 months of expenses should come FIRST before paying down high interest debt. I feel like it makes more sense to have savings to cover big items/emergencies so that those don’t go onto the credit cards. submitted by /u/chief_kayak

disabled sister is swimming in debt 2 years after bankruptcy can anyone give advice for this? my 62 year old physically disabled sister collects credit cards and uses them to the max. she had a chapter 7 bankruptcy in 2023 and since then has run up another $17k in credit card debt. she also uses something called Rise credit which is at 60% interest rate. i now have her credit locked down but what can be d…

Can debt follow you if you move to another country? I have a buddy who had nearly 20k in credit card debt and 40k in student loans. He moved to Greenland and he hasn’t paid any of his debt since before the pandemic. The man has a house, car, and 2 kids. He forgot he even had debt in the US. Should he be worried or is it a loop hole? submitted by /u/ThingsWork0ut