just looked at loan and feel hopeless I took out a Disaster Covid-19 Economic Injury Loan for my business during covid for $150K. The loan started accruing interest the minute it was dispersed but they allowed people not to start paying for a long time. So it wasn’t until I started paying that I saw that the interest was insane. Well fast forward, and I’ve been trying to overpay ev…

Taking out a fed subsidize loan vs paying out of pocket Our youngest son lost his Excelsior scholarship ($7K SUNY tuition) due to our household income going beyond 125K for the tax year 2022. We did not anticipate this loss so things will be a little tight this coming school year. To help us temporarily this SY I do want for him to take out the Fed Sub loan of 4500 but my spouse opposes. He prefers t…

personal loan for student? i really, really, really need advice right now. i (24f) have been looking for a job for almost a year now. i was fired from my last position, which is particularly bad because i moved across the country to arizona for that job and only worked there for 4 weeks. i have a part time job, but it does not pay me anything close to what i need to live….

Which loan to take for trust? My husband’s parents passed away last fall and they had their house left in a trust and he is the trustee (he and his sister are the beneficiaries of the estate, to be split 50/50 and no problems). Other than the house, there were no assets left, they were living paycheck to paycheck so there was only about $5,000 left in their bank account. The…

Pay off my car loan with savings? Or wait? I have about $10,000 in my savings. I owe close to $7000 left on my $10000 car loan I started this January. My payment is only $200 a month, but my interest rate is 9% sadly since it’s my first loan. Should I just pay it all off then funnel this $ I would be spending each month on the payment back into my savings? RN my savings is earning about …

Parents used my Student Loan Money to pay their bills Little bit of context, when my parents took out a ParentPlus loan, they mistakenly took out $20,000 more than what I needed. They said they were gonna deposit it in a savings account to accrue interest on it, and if I wanted to buy a new car (I drive a 05 Trailblazer with 213,000 miles) I could use that $20,000 towards a car. Today I asked for t…

College student with 5k in savings and a 18.5k loan at 14% – should I pay off as much of the loan as I can now or just pay off the interest? So unfortunately I didn’t realize that the loan was charging me interest right now (my mom, who cosigned the loan, told me it was deferred until graduation). The interest payments are around $200/month right now. I have my savings in a HYSA at 4.5% right now. Obviously I wouldn’t want to spend everything on the loan, I was thinking maybe 3.5k? A…

Payment priorities for small loan I took out a small ($3k) loan against my 401k to help get a mortgage. Do I need to do anything about that other than pay it off as slowly as possible? I’m fairly certain that budget surplus should go towards principle repayments first and loan repayments last, since that money is coming back to me anyway. If I’m staying at my job until it gets p…

Should i take new loan to repay existing loan? I have taken loan earlier from bank at 30% interest (that time I didn’t had CREDIT score and credit history) due to an emergency. But now I am having credit score of about 730, and I can get personal loan at 17% interest rate. I was thinking to take up this loan and repay the loan of 30% interest. Is it a good idea? Or am I making a mistake? …

I have a 401k loan question I have a 401 loan with an employer i just left to start a new job. I have paid in enough taxes to cover the penalties, as that’s not really my question. My question is when I borrow the money from my account why does the defaulted amount come out of my 401k again when it came out already when I took the loan? Shouldn’t it just be treaded as a wi…

Paying negative equity with personal loan I made an absolutely TERRIBLE financial decision and bought a car at the beginning of the year at a 10% interest rate. I owe 26k and received the highest offer on the car for 20,500 (lesson learned). It will take about 5 years to pay the car off so I just want to sell it instead. Should I go to the same credit union, let them know I want to sell…

Can’t seem to pay off my student loan I have 25k in a student loan, im being charged payments every month. my wife makes 1500 a month an I make 3800 a month. we both have cars were financing as well as our bills+rent. the student loan is 340 a month, and in 2 years we will have a 200’000 inheratence. I just want to pay it off as soon as possible so i dont need to worry about another…

For someone in their 20s, personal loan or 401k loan to pay debt? I’m about 15k in CC debt, never envisioned it happened after I got my first card but thanks to having to front bills for my ex when he quit his job I am. Anyways, the debt is really stressing me and I’m tired of looking at it. I know it could be worse, but my limits aren’t very high despite never having been late and the utilization is really ea…

Military Career Starter Loan Hello, I was looking into using the career starter loan that USAA or Navy Federal offers. I’m currently in debt with a car at 33 thousand dollars with a 11% APR. The loan is 25 thousand at 2.99%. Should I get the loan and just pay the difference so l can just pay on the starter loan? submitted by /u/AdditionalArcher380

Need guidance regarding a loan. I’m in desperate need for some money but I cannot apply for a loan in my home country because I just moved back here and my only income is through Airbnb – it doesn’t count as a solid income. I also can’t apply for one in the country I just moved from (EU country) because I was unemployed there for over a year. Are there any websites that offer …

Pay for School in Cash or a Loan at 7%? If I have $30,000 saved to pay for college, would would it be better to pay for school in cash and be debt free, or take a loan at 7% for 15 years and invest the $30,000? If choosing to invest, what would you invest in? submitted by /u/Spocks-Brain

Pay down loan or use for down payment? I purchased a car 4 years ago. In one of my dumbest moves ever made, I let the finance manager wear me down into using their dealer financing. I was already preapproved for a loan coming in but he was relentless, I didn’t know what I was doing and he took full advantage of that, said he got my payments down to what I had with the other financing…

What Is a Signature Loan, and How Does It Work? If you’re looking for a loan that doesn’t require you to have collateral, this could be the right move for you.

Student Loan 401k through Employer Title says it. Just started a new employer where they will do 10% 401k student loan match 1:1, which amounts to $733/month. I currently have a 70k private loan w/ 10 yr term at 7%, which is around $800/month minimum (but I plan on paying more since I share rent with roommates). I am a 24 yr old college graduate and more concerened with paying hi…

Car Loan vs Stock Purchase Plan Here’s the situation: Last year we had two paid off vehicles. In November, my truck died and we were forced to get something new. Since we’ve got twins on the way (and 2 kids already) we got a 2023 Chevy Suburban ($85k). We agreed to just finance it until we could make a decision on how we wanted to pay for it. As of now, our monthly payment is …