7K in debt as an 18 year old. need some help Im an 18 year old college student and I owe maybe $1500 in credit card debt and $5.6k from a car accident that my insurance did not fully cover. I make $1.2k a month and spend $1000 on gas, insurance, help out with bills, etc. The debt collector for the car accident is giving me an option of $4100 settlement or 3 payments of $1.7k, but I am flat…

Medical Debt – payment plan? Hi! I’m looking for any/all advice here. 6 months ago I had a baby and underwent severe birth complications. I sunk $7k cash into a midwife and birthing center and was ultimately transferred to the hospital. Long story short, I have $13k in medical debt from this after insurance was applied. I am 27F and make $60k a year. I have around $45k in a…

I need a debt payoff plan. Which cards would you payoff first? Hi everyone, I went through a really bad depression and made some really stupid financial decisions. I am trying to get back on track and figure out how to get out of this mess!! I’m currently going thru a program (usda) to get a home and I need to get my DTI down (debt payments need to be about $600 or less per month) My salary is $52k, Rent $1…

Should I payoff my debt? Need a sounding board. I’m(33) purchasing a house at the end of January. Sales Price: $409,450. Loan will be 368,505. We managed to get the following as a 2/1 buy down on the rates: 1st year is 3.875% interest 2nd year is 4.875% interest. 3-30 is 5.875% interest. I’m planning on selling my existing house. Hoping to get at least 300k for it. H…

Fastest way to get out of debt Looking for different views on how I should pay off my debt. I’m roughly $21,000 in debt with credit cards and lines of credit. How would you recommend I pay these off to pay the least interest and do it the quickest. I net about $2000 maximum Every two weeks between my job and Doordash, but I feel like I’m paying but getting nowhere. I’m behind…

Will I be stuck with my parents debt? My parents have no money saved. Their plan is to keep taking out reverse mortgages or loans on the house to finance their retirement. BUT they also put the house into a trust so I would immediately receive ownership if they pass away….I’m worried this means I would inherit all their debt if theres no equity left in the house. Can anyone help / h…

Do I even need to use the debt snowball method at this point? Alright, so basically I paid off a majority of my student loans and my auto loan today. Now have under 10k left to pay in student loans with rates of 3.48% or less. Yippee! I also have the extra funds to just pay off the remaining loans today. I’m feeling very conflicted on whether to do so. For reference, I have a $12k EF sitting in a HYSA that…

Yellen Issues Debt Limit Warning to Congress The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.

My debt is stressing me out and I don’t know how to deal. I’m stressed about money, I bearly what I’m doing. My budget says I’ll be debt free by 2030 but that is so far in the future it just feels like it might as well be never. Edit: I have about 60k in debt. 23.5 is a loan from my parents, 16k and a bit in personal loans and medical debt, and the other 20k is credit cards. I’m paying about 1700 a mo…

Getting out of debt – how to be sure I won’t fall into the same old spending habits? This month, I realized how deep I got myself into debt, and recognized I have a pattern of behavior that I’m afraid I could continue. In 2022 I found myself in $4k of CC debt (started with medical bills I was dumb enough to put on a card, then Christmas gifts, then spiraled from there), so I completed a 0% balance transfer which only covered ab…

Unemployed & in bad debt Hi I need advice on my situation.. I am a 29 yo female with a Masters degree in Organizational Leadership/ Management. The job market sucks right now so im currently substituting full time. I have 8k in savings, 9kcredit card debt, 123k in student loans and a 27k car that im currently paying monthly. Fortunately, I moved back in with family to c…

Trying to get out of debt while in college and plan for the future, looking for advice I am currently a 25f graduating from nursing school in 8 months. I wasn’t the best with my finances in the past few years and have about 18k in credit card debts alongside about 30k in student loans and car payment of about 700 a month. I work part time as a manager for a shipping company and work as much as I can but the time obligation with nu…

$192 added fee from debt collectors? Hi i had a consultation for a surgery that after insurance had a fee of $25. They told me they sent three notices none of which i have ever seen or opened. After getting a few calls from a company called “Americollect” I called my orthopedic center and asked them about when they told me of the $25 unpaid fee. I was told that it was sent to colle…

Received personal loan of 55K from family to pay off all CC debt; seeking advice Hi everyone, I’m 35, live in New York, and have ADHD. Last August (2023), I was laid off when a catastrophic event destroyed the business where I’d worked for seven years as a design studio manager. I was making $30/hour (definitely not enough given the responsibilities: managing hundreds of customer projects, phones, emails, installations, etc….

I have a mutual fund my aunt set up for me when I was very young. I have debt and don’t own a house, what if anything should I do with it? My aunt and some other family members contributed to a mutual fund through fidelity for me when I was very young. I don’t know how much they put into it initially but I’m now 29 amd there’s about 20k in it right now. I don’t contribute or take money out of it at the moment. My wife contributes to a 401k, I contribute to a 457b (im a part time ff…

Which debt strategy is best? I’m getting ready tonstart paying down debt but I’m struggling to decide the order in which I pay it. Should I pay off the highest interest rate first? This would save me in interest. Long term I’ll possibly pay less. Should I pay off the smallest bills first and snowball? This might lead to the fastest noticeable changes in my finances. I don’…

Working seven days a week to pay down debt I am a teacher looking to pay off my debt. I have approximately $80,000 in debt that’s a mix of car loans, personal loans, collections, credit cards, medical debt, private, and public student loan loans. For the federal loans, I asked about the teacher forgiveness program and apparently I don’t qualify as a specials teacher. And Sally Mae is unw…

A Picturesque New England Town’s Debt to the Right Whale We owe it to the right whale — and to so many other species — to reconstruct what our own history has taken from them.

Did you guys ever get medical debt while in college? Hey guys, As a college student (23) what would be options (heaven forbid) I got medical debt? I know if you have proof that you’re low-income / are enrolled in university (things of that sort) ”potentially” you can get charity care or a price adjustment on a hospital bill? Is medical debt really that bad? I thought it doesn’t impact your credit …

What is the best way to tackle my debt next year? Hello! Looking for input and advice on the best way to tackle my credit card and personal loan debt. I have a goal to have it paid off by the end of 2025. The specifics of the accounts are • Affirm – $ 344.58 | 24.76% APR | $50/mo min (12 month term) • Personal Loan – $1,092.65 | 13.2% APR | $42/mo min (60 month term) • Citi Card – $2,745.91 | …