#rebuild

Reverse Mortgage or sell and rebuild?

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Reverse Mortgage or sell and rebuild? My girlfriend and her mom are in a tough spot. Mom is 74 retired teacher with 70k mortgage and 30k credit card debt. Girlfriend lives with her and makes 40k a year but has 60k in student loans. They are having trouble paying bills as the house is now worth way more than when she bought it in the 90s ($250k vs $1.2m). They own an adjacent lot of …

Reddit Personal Finance 188 2023-09-07

How to rebuild my credit after ruining it when I was a teenager?

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How to rebuild my credit after ruining it when I was a teenager? I’m trying to rebuild my credit but I don’t know where to even begin. I have two accounts in collections that total $1,656 with a 114% debt utilization, this debt is from when I was about 18-19 in high school about 9 years ago. I was an idiot, I didn’t know anything about credit then and I had cards with $3k & $2000 limits on them thinking I was…

Reddit Personal Finance 177 2023-08-03