Waiting period between loans My husband and I just got approved for a personal loan through our credit union. I want to eventually refinance our car and get a credit card through the credit union as well. I’m sure its not a good idea to apply for either of those so soon after getting the loan. But how long should we wait? submitted by /u/chelsaur94

Should I pay off my student loans tomorrow? Hello! I am selling a home I bought about ten years ago for very little – it’s paid off in full, and I’ll be making a nice amount of pocket change. I currently have $30k in government loans that I’ve been paying the minimum on since 2014. I am in product marketing so public service payoffs aren’t happening. I pay about $370 per month, I make abo…

Should I Repay My Student Loans I’m currently going into my senior year of undergrad at a semi-prestigious university. I’ll start off by saying that I know how lucky I am for only accruing this much debt but I was never taught to be financially literate and I’m still looking for advice and the best way to pay it off. The sum total of my loans is $7,878 with $252 of it being a…

Should I accept loans for school I will be entering graduate school this fall and was wondering what I should do about accepting my grants/loans. I was offered around $3400/semester in grants and $16,500/semester in Federal unsubsidized loans. My costs for each semester are approximately: -$7000 tuition -$8400 housing -$400 books/supplies -$2000 groceries/personal Totaling to a…

Payday loans…now what Hello ! Hope you guys can provide me with some ideas. Ill start by saying that I completely understand what I did and how stupid it was. About 7-8 years ago I took out two payday loans. 1. The first one was a title loan against a beater I had. 2. I took out 1000 payday loan the same year. This was during a very bad time while in college. I am no…

Question about personal loans I’m looking for a personal loan with a low interest rate. I am 19 years old with a credit score of 735. I only have a credit history of 1 year. I need around $5000. I make around 35000-40000 a year. I tried experian but their interest rates were absolutely insane. 94%. I have a discover credit card but I do not qualify with them for a personal l…

Should i spend all my savings on student loans? I currently have $32.5k in private student loans and about $20k in savings. I currently overpay on the loans, $1k every month. At what point should I pay off the rest of thr loan? Use all my savings when it hits 20 so i cna start pocketing an extra 1k a month? Or wait until like 10k so i still have savings if needed? I am renting an apartment no…

When to wed – student loans, home purchase, etc Hi all… I’m new to this sub and have skimmed the pinned posts. I appreciate anyone taking the time to read and respond to this post, which will be a little lengthy. ​ After mulling over a rather complex financial/personal life question with my fiancée and other trusted sources, we still don’t have a clear direction on how to proceed with the q…

Should I default on private student loans? Already paid $170,000 in 7 years and only $40k went to original amount My husband took out a private loan (around $180k) from Sallie Mae, and we have been paying 16% interest the past 6-7 years. I just refinanced to another lender this year. I haven’t in the past because his POS dad kept telling us that you aren’t able to refinance private stude…

Any reason NOT to pay off student loans in full now that I can? I have 63k in student loan debt. Now that interest has kicked back in, I am thinking of just biting the bullet and paying them all off immediately to avoid further interest (my loans are ~7% interest rate). I don’t have any higher priority items from the flowchart (I have emergency fund, no cc debt, not saving for house, etc). I don’t think I h…

Pay Student Loans or Save Money i realized all my loan interest rates are lower than some savings account rates (i.e. Wealthfront @ 5%). does it make sense to pay the absolute lowest monthly payment and any money i was putting into loans to just put them into the savings account? it makes sense in my head but not sure if this is a thing. theoretically i guess it ends when my…

Should I pay off my student loans ASAP? I currently have 24k in student loans at a 3.4% interest rate. I have 6 months expenses saved and a I have a modest amount in my roth IRA. I have about 2K per month that I can save/invest but Im wondering if I should pay the minimum payment ($300) or put it all towards the debt submitted by /u/Pwood94

Pay off 20k of student loans in one payment? So currently I have about 20k of student loans left and moved back home to save money. I’m working a contract role that ends at the end of January. So I’ll still have some income coming in but nothing stable. I have about 43k in savings and could pay off my loans. But as this job is not a long term stable solution, I’m not sure if its the best …

Was a foolish for paying off my student loans in its entirety? So I had hefty loans (>60k) that I was really hoping to have some sort of relief from but we all know how that went down. So after hemming and hawing for months, I closed my eyes, pinched my nose and paid it all off in one fell swoop this morning…. annihilating my savings account. The upside is that now my wife and I only have her much much mu…

Pay off my student loans while planning for a wedding? I’m completely on the fence about whether or not to payoff my student loans right now. I’m in the early stages of my wedding planning. My loans are costing me $300/mo. that I would love back in my pocket. Here’s a break down of my situation: Cash: $15,000 Current Savings rate: I put away $500/mo. currently Left in student loans: $6,000 @ 5.5% i…

Pay Off Student Loans or Nah? Context: 21 year old Male No Degree working for a Transit agency, I make 56-65 a year. Newly Paid Off Debts Car Loan 3,900 (35%apr) Credit Card 1 & 2 (1300) Total Paid 5.6K Expenses Rent 980 Utilities Included Car Payment/0 (Insurance 1200/yr) Phone Bill 200 Food 2-400 Student Loans 25,000 @ 3.73% All and all I have a slurpus of about 2K/Mon…

Auto loans help needed I’m 21 years old, based in the US. I’m in the process of searching to buy my first car. I’d like some tips on dos and don’ts to truly make sure I make the right decisions and avoid crippling myself. My family isn’t much help because the only ones that bought cars from dealerships did so 30 years ago and the rest are buying cars off Facebook mark…

Domino’s Emergency Pizza For Student Loans – $0 Domino’s is offering *Current or Former Students with Student Loans*: *Medium 2-Topping Pizza* for *Free* (limited daily availability) when you complete the offer form and verify your email address….

Should I pay the interest on my student loans while in school? Hi, I am a new college student who had to take out federal loans for the year. I only recieved unsubsidized loans and the interest has started accruing. My loan is for $6500 total ($3250 for the semester, which is what I would be paying right now) with an interest rate of 5.5%. I just took on an auto loan and could not start making payments, bu…

Is it ok to treat federal student loans as one loan with an average interest rate or should they be considered as individual loans with different rates? My wife and I have 27 federal student loans to pay off with a wide range of interest rates. I am wondering if it is a good idea to treat these loans as if they were consolidated for the purposes of financial planning. The optimal strategy is clearly to pay everything above 5% interest off quickly, but I’m hoping that by treating them as consolid…