Struck with debts. Is there a way out? I really need to vent this out. Been keeping it to myself and suffering a lot mentally. I am 25M and a MS Graduate from a US university. I am from India and came to US on a student visa. I took a $55,000 loan to pursue my masters degree and successfully completed the degree. Working oncampus i was able to make few payments towards the loan and b…

Retired on a fixed income but no debts. Would I be wasting my time going to my bank and asking… for a car loan? I have a credit card and pay it off each month. I also have some money in a 401K. Also, what is the oldest year they would finance? submitted by /u/RawEggEater1956

Selling stock to pay debts and buy a house? My spouse was gifted/bought stock at work which shot up in value SIGNIFICANTLY. We now have about 320K. I know that while his company has done well, having it all in one stock is risky and we should really sell and reinvest into something more stable. But also, we hope to buy a house this year and use some of the money as a down payment. We also…

What Happens to Your Debts When You Die Unfortunately, (most of) your debts outlive you.

Starting to pay down on my debts aggressively. Which loan should I start repaying ASAP? Title is pretty self explanatory. Clearly the answer is all of them and be debt-free but I’m wondering if there is a benefit or smarter way to go about repaying these debts. I currently have ~$3,100 in credit card debt and ~$7,500 in student loans. I don’t make great money (40k/yearly) and I’m not getting student loan forgiveness (Business Major…

Recovering from Financial Debts and things I can do to have an income besides my salary Hi, I am a 30-year-old male who aspires to have good financial standing here in the Philippines. But shit happens, you know. I made a series of bad financial decisions, gambled some money away, and got liquidated in trading (crypto). Now I am trying to cure my impulsiveness and want to transition to doing things the right way. Currently, I have …

Debts are piling up and I don’t know what to do. Usually been pretty good bout staying outta debt, but this past year became a real shitshow and there don’t seem like a way forward. I was in a car accident back in May and the rig was totaled, but the bank who managed the loan refused to include gap coverage for reasons I still don’t get. Borrowed money to pay the difference and got a new rig, …

Pay debts off or keep stocks for long-term? Would like to get some opinions on the following situation. Graduated a few years ago and here is my current situation: Currently, I have 19k in stocks and 5k in savings. I owe 8k in credit card debt (“student loan”) and 10k to my father (4 year loan, no interest. Putting around 250 each month aside for this) I also just bought a condo, so 25…

You May Not Be Responsible for These Debts Pause before you pay that mystery bill.

No Debts 30k in savings. How to invest? Hello everyone. 30yo mom of two divorced, here. I sold my house and currently rent with my two kiddos (weekends with dad). I got $100K in earnings which I used to pay every single debt I had, paid off my suv, paid off my student loans, all credit card debt and took a vacation. I have $30k left and I want to invest it but ídem where to start. I’…

Help Needed: Advice on Managing Debts So a bit of background. I’m from Bangladesh and all amounts mentioned in this post is in BDT which is roughly 1USD=120BDT I have a total loan of 1.4 Million. Most of the loan was my mom’s and I have a 150K loan for higher education. Right now my monthly income is around 20kish after paying the monthly installments. In terms of property, I have a…

Should I sell my Apple RSUs to pay off student debts? I joined Apple in June 2023 after graduating from college. I have a student loan of $24,000 with a 12% APR. I have a few RSUs vesting this year. Should I sell those to pay off my student debt, or should I keep the RSUs? submitted by /u/Kooky_Beautiful_3074

Pay debts or build E-Fund I’ve been struggling to manage my life for quite some time and decided to make some serious changes when things went south for me last September. I’m a 35 year old male (soon to be 36) and live alone in my own home. My life hasn’t been a compilation of very wise financial choices but I’m sacrificing and want to begin moving in the right directio…

Medical debts, collections Hi everyone. I have about $8,500 worth of medical debts- $3,800 on a care credit card and the rest are collections from 2 expensive hospital visits and some small doctors visit costs. I have a medical condition that is not covered by insurance so I had no choice but to go into debt to deal with it. My credit right now is in the high 500s (droppe…

Here’s What Happens If You Simply Stop Paying Your Debts Credit card delinquencies are on the rise. What’s the worst that can happen?

Taking out a bank loan to pay off multiple debts? My fiancee and I are about $8300 in debt from various things. Some interest rates are rather high interest rates (lowest is 28%, highest is 36%). I am approved for a $9000 loan from my credit union, 48 months, $253 a month at 15.49%. I make $52,1000/yr and she makes $45,500. Take home is around $1500 for me every two weeks and $1300ish for her e…

I paid debts and i have job what now? Hello im 30y male moved away from a poor middle eastern country to Europe. 4 Year ago i made the plan to have life without poverty . for 2 year i saved money and took loans came to europe. Got Master’s degree found a corpo job i survived with university and work in the same time. Paid all my credit card. paid all my loans.paid my university. pai…

Do you include your debts that can be placed in forbearance when building an emergency fund? Basically I’m working towards building up a savings account with 6 months of living expenses in case of an emergency. I do have student loans though that I could always place in forbearance temporarily and wouldn’t need to make payments on if I were to lose my job or something. Those that have an emergency fund, do you consider debts like stude…

Which of these two debts would you allocate dollars to first? Which of these two debts would you allocate dollars to first? $900 in credit card debt on a 0% interest credit card (interest free period ends December 2024), or payments toward a $5,300 furnace replacement financed with no interest / no minimum payments until December 2024? I have no other debt except mortgage. submitted by /u/DoorGuote …

How aggressively should we pay off debts? My husband and I are 30. We have about $50,000 in student loans at 7% interest. We are both working full time, making about $240,000 combined and my husband gets a $15000 bonus at Christmas. Our mortgage on our house is $3000 a month with all utilities and internet/phone. We both max out our 401ks. We only have about $6k left in savings due to h…