596 posts tagged with debt.
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Is student loan forgiveness worth taking a job I don’t want?

A Masters degree mistake, huge debt, and a brand new job. Major career questions inside! [more inside]
posted by anonymous on Nov 29, 2015 - 37 answers

Possibly fradulent debt collector calling my parents but looking for me

My mother has been getting calls from some organization calling themselves nothing other than "CCA" claiming to want to talk to me about a "personal matter". Some preliminary googling reveals a few credit collection agencies by that name. I can't think of any outstanding debts that I would have, and last time I checked my credit report (about a month ago), there were no derogatory remarks. On the other hand, my old insurance company had a data breach, so if someone is running around stealing my identity, I would really like to know! [more inside]
posted by ayerarcturus on Nov 27, 2015 - 9 answers

Help us with her student loans!

My girlfriend attended a top US private university. In the middle of her undergraduate education, she suffered a stroke that left her with significant written and verbal communication difficulties. Medical and family problems compounded, and she ended up getting kicked out of school for poor grades. Now she owes the university a lot of money... [more inside]
posted by chickenandwine on Nov 22, 2015 - 11 answers

Disputing debt collection

How do I (a n00b) fight a collections agency holding debt I am not liable for? [more inside]
posted by rawralphadawg on Nov 4, 2015 - 3 answers

How to dispose of semi-large pile of money

We're about to come into a somewhat large sum of money. We've never really had money before, and we're not sure how to manage it. We've got a variety of debt, and a strong desire for a house. What to prioritize? [more inside]
posted by anonymous on Oct 31, 2015 - 41 answers

She has assets. I have debts. Can I shield her against me?

We are getting married. I want to protect her against my personal debts- IRS and old student loans. Are these loans transferable to a spouse? Leaving aside for now my financial management issues, is there anything (New York State) that will shield her?
posted by ebesan on Oct 19, 2015 - 8 answers

Getting divorced. Lawyer or mediation?

Getting divorced in Illinois. I still love my husband, but cannot remain married to him for many reasons, one of which being that I can no longer take care of him emotionally and financially without ruining my own life. My first instinct was to try to settle this using mediation or collaborative divorce (I don't even understand 100% what this is, honestly). Mostly because I feel enormously guilty for leaving, don't want to make it harder on him, and hope that we can still be a part of each other's lives. No kids, so custody isn't an issue. But there are some major financial issues, and some of the things he's said worry me. Sorry, this is kind of a long one. [more inside]
posted by anonymous on Sep 3, 2015 - 43 answers

Student loans: feeling the crunch. Suggestions?

I owe $40k in student loans. Not sure of the best way to proceed, so am reaching out for advice. More under the fold. [more inside]
posted by dubious_dude on Sep 1, 2015 - 23 answers

Transitioning to a new home during divorce.

My partner and I are breaking up after 20 years. Neither of us trusts the other’s judgement and dividing our only asset has become hugely problematic. We purchased our home 18 years ago as a fixer-upper in what has since become a very desirable location, so there’s a large amount of equity in it. I never gave proper thought about how we’d move on from it, meaning this is one of those “explain it to me like I’m five” inquiries. I’d like to have sensible questions to ask at our bank meeting tomorrow. We have a meeting next week with a therapist and have agreed to some kind of professional mediation in the future. The thing is… my partner demands that we extend our joint mortgage-backed line of credit to allow her to purchase (outright) a smaller place in the countryside. For 10 years, she’s only done part-time work for my home business, so she won’t have any income going forward (except for support payments). I doubt she could get bridge financing under her own name. I want to avoid being drawn deeper into debt with her. [more inside]
posted by anonymous on Aug 27, 2015 - 30 answers

Effective Personal Fundraising?

Which personal fundraising sites work best? [more inside]
posted by Thorzdad on Aug 21, 2015 - 7 answers

Should we use large portion of retirement savings to pay off mortgage?

The problem: We built a cob (monolithic adobe) house 15 years ago which we initially financed and refinanced. It is a one of a kind house and there are no other adobe homes in the area. Since the big mortgage debacle, underwriting guidelines have changed with regard to comparable homes and we cannot refinance our own home, nor could anyone else secure financing to purchase it. [more inside]
posted by lzw on Jul 24, 2015 - 18 answers

Help with Credit Report and a Collections Agency

I owed Verizon Wireless $38 and now it’s in collections. I need some help with how to handle this situation. [more inside]
posted by anonymous on Jul 11, 2015 - 3 answers

Millenial student loan debt, amirite?

Best strategy for paying down student loan debt for my *snowflake* situation. I don't want to bankrupt my future, but I also am not looking for taking risks like getting my hopes set on loan forgiveness. Specific details inside. [more inside]
posted by Zeratul on Jun 28, 2015 - 11 answers

Can debt chase you across European countries?

Don't get me wrong, I DO want to pay this debt, I just need to take care of some other things first. Say, if you have a smallish unpaid debt (2k euros back then, I don't want to think about how much it must be 9 years later) in Spain, and now you're starting new in Sweden, can this debt bite you in the ass before you've used your small savings to rent a house, buy groceries, etc. while you get a job that will help you pay said debt? Could your new Swedish bank account or other assets be frozen? [more inside]
posted by anonymous on Jun 26, 2015 - 2 answers

How can I support my sister when her problems are her secret?

My sister's e-mails reveal that her boyfriend is breaking up with her, hasn't paid any rent on the mortgage they got this year, and she might be pregnant. Externally everything is fine, I just want to know, when she does tell me, how can I help? [more inside]
posted by Noumenon on Jun 21, 2015 - 16 answers

Less money, mo' problems?

In the bigger picture, which masters program will I benefit from most? [more inside]
posted by mild deer on Jun 11, 2015 - 16 answers

How to money

I'm in my thirties and I just got my first 'grown-up' job. Now find me a book that teaches me grown-up finances. [more inside]
posted by anonymous on Jun 5, 2015 - 20 answers

Should I pay off all my debt in one fell swoop?

I have an emergency savings fund with at least 6 months of living expenses. It's almost exactly the same amount as my total debt (credit cards and student loans). I am really tempted to just get rid of it all in one fell swoop, but I'm not sure this is a good idea. I have a steady income and fairly predictable expenses (though anything could happen). No kids, spouse or house. [more inside]
posted by desjardins on Jun 2, 2015 - 35 answers

What do I need to know about future partial inheritance?

I may inherit 1/3 of a large parcel of property with a home on it valued at well over 1 million today (not including all its contents). What do I need to know about this possible future inheritance on this property which is not yet paid off? [more inside]
posted by anonymous on Jun 2, 2015 - 12 answers

Dealing with post-tenancy dramas

So I find myself in a bit of an awkward position with a former friend regarding a tenancy I arranged for them and having to consider what options to take. [more inside]
posted by panboi on May 26, 2015 - 13 answers

A Matter of Life and Debt (Collectors)

A while ago, I stopped paying off an old credit card from college - I couldn't afford the payments for a while. However, once things did look better for me financially, I had forgotten about the debt. I also moved, meaning I did not receive any letters that were sent. The balance is well under $500; I know the exact amount of this debt. I just got two phone calls from debt collectors and caved to one. Did I handle this situation correctly? [more inside]
posted by Ashen on May 13, 2015 - 7 answers

Resources to learn about Hong Kong's domestic & foreign sovereign debt

Where can a non-finance person go to learn about domestic and foreign sovereign debt in Hong Kong? [more inside]
posted by melancholyplay on Apr 8, 2015 - 3 answers

Fixing credit without screwing creditors?

Pretty much what it says in the title. I need to pay debt. I need to increase my credit score. How do I do both simultaneously? [more inside]
posted by The Almighty Mommy Goddess on Mar 30, 2015 - 15 answers

Is the budget red or black?

I've got the job. Now I have to navigate the paycheck/loans/benefits/retirement... Where do I start? [more inside]
posted by Chaussette Fantoche on Mar 28, 2015 - 10 answers

you ain't got no personal finance skills honey

How do I talk with my partner about his bad money management/poor credit in a productive way? [more inside]
posted by anonymous on Mar 14, 2015 - 21 answers

What are your experiences with GreenPath?

A friend of mine with credit card debt and debt to the IRS is considering using GreenPath's credit counseling services, but is understandably wary, fearing being preyed upon because of her debt situation. She asked me to research the company and see if it sounded at all like a scam to me. Everything I can find about the place looks on the up and up, but I'd appreciate if mefites who have used their services could share what happened and how they felt about it, so I can be certain in my recommendation to her.
posted by ocherdraco on Mar 10, 2015 - 5 answers

How to Balance Life & Debt?: dating, hobbies, money

My goal is to pay off my large student loan debt, do I need to put life on hold? [more inside]
posted by mannermode on Feb 10, 2015 - 16 answers

Runaway debt cycle. Please halp.

I've been carefully avoiding paying attention to our debt. Just added it up. Uh oh. [more inside]
posted by TomMelee on Feb 5, 2015 - 67 answers

Round 2: Disputing Bogus Apartment Damage Charges in Collections

So, this is a follow-up to this previous question. Looking for some tips for next steps. Long story short, after moving out of a DC apartment in May our corporate landlord billed us a totally bogus damages. Now they've sent it to collections and it's showing up on the credit report. How do I fight this and get it off my credit report for good? [more inside]
posted by forkisbetter on Jan 16, 2015 - 4 answers

Ongoing medical bills, no insurance, and location complications.

Young couple living out their dream came to an abrupt halt in October. He was diagnosed with a particularly aggressive form of melanoma. They had not signed up for Affordable health care insurance, since they were planning on traveling and working around the country. And hey, they are young and healthy, right?? [more inside]
posted by anonymous on Nov 16, 2014 - 11 answers

Local dealer owes us $20,000 but just closed this morning. What to do?

We are a well known bicycle brand, and one of our local dealers closed up shop over night with no notice to us or even their employees. They have over $20,000 in debt with us. What are our options? Our dealer owes us over $20,000 in debt for stock, with some invoices close to 4 months past due. [more inside]
posted by neillsom on Nov 11, 2014 - 19 answers

How to think about housing/debt

Should I refinance my mortgage, cash out equity to pay off debt. [more inside]
posted by Classic Diner on Nov 6, 2014 - 16 answers

Seeking resources re: decades-long student loan despair.

I currently pay one full week's pay each month, $600, toward my current student loan balance of $97,000+. Though I usually just pay it and try to move on, I know it will follow me to my death and if I can't be rid of it I hope some of you can provide some kind of advice or coping strategies. I have read through a fair number of related questions. [more inside]
posted by anonymous on Oct 30, 2014 - 19 answers

Should I pay off my car early so I don't need full coverage insurance?

Wondering if you could help with a risk-benefit analysis of lowering the amount of insurance on my car. I still owe money on it, but I could potentially pay it off and then save money on my insurance. BUT is the insurance good to have anyway? [more inside]
posted by bbqturtle on Oct 30, 2014 - 22 answers

Who should I talk to about long-ago debt and my credit score?

Who should I talk to about long-ago debt and my credit score? Is that the sort of thing a new credit union will do, or would that just hurt my interactions with them? [more inside]
posted by brisquette on Oct 27, 2014 - 5 answers

Legitimate Credit and Debt Counseling

Family member is in debt and needs help getting out of debt. I've researched both Appraisen and Clearpoint but both seem to be run by a corporation. I don't know if that's a good thing or not. Some credit counseling firms have charged big fees and gotten some people in worse trouble and even deeper in debt. I don't want her to get locked into something worse. Do these really help? Are they legit?
posted by CollectiveMind on Oct 27, 2014 - 18 answers

Do any rules govern how much collection agencies can inflate debt?

I've noticed that when collection agencies buy debt, they often, though not always, significantly inflate the original debt. Do any laws govern how much they can do so? If not, how is it possible to be liable for an amount that someone has essentially made up? [more inside]
posted by corb on Oct 14, 2014 - 4 answers

Seniors, Social Security, and Sallie Mae

Thinking ahead to my eventual retirement, I phoned Sallie Mae earlier this year, and spoke with a rep who was easy to chat with, and seemed well-informed and helpful. I asked her if there was any sort of discount or other concession made for student loan payments once the debtor retired and began drawing Social Security. Her answer was that, good news, once I provide Sallie Mae with documentary evidence that I am drawing Social Security, the balance of my loans would be waived. [more inside]
posted by mmiddle on Sep 11, 2014 - 7 answers

Eyeing a career change from Engineering: Am I being reckless?

I recently graduated and I've been working as a Jr. Engineer for a few months now. I realize now that this is not a career/field I want to be in and have been strongly thinking about going back to school to get a Computer Science degree. The problem is that I have 35k in loans from my previous degree and I need to make a decision soon. Am I being reckless for wanting to do a career change so soon? [more inside]
posted by This Is Reality on Aug 29, 2014 - 16 answers

Dumb Idea Filter: Using HSA card for ineligible charges

What's the worst that will happen to me if I use my HSA card for a non-medical bill? Or a few. [more inside]
posted by anonymous on Aug 22, 2014 - 21 answers

Looking for the best Credit Card option to transfer Approx. 18k balance

Fell on some hard times in the last two years, blah blah blah... Anyways...We built up about $18,000 in credit card debt, with little savings left.... We are slowly getting back on our feet and would like to minimize the damage of interest that will build as we try and pay this card off... [more inside]
posted by TwilightKid on Aug 5, 2014 - 11 answers

I've got a bad feeling about this.

Received a panic-inducing document marked "SECOND NOTICE" concerning my student loans today. It states it's from a "consumer advocacy group," but makes some ridiculous claims and includes no organization name or contact information except for a phone number. Should I bother to report it? And, if so, to what entity? [more inside]
posted by Austenite on Jul 1, 2014 - 9 answers

Remembrance of Financial Catastrophes Past

Asking on behalf of a friend (let's call her "Liz"): can a credit restoration company help fix a credit report with multiple charge-offs? If not, what CAN be done? Sadly drifting swirls of bleak gray snowflakes within... [more inside]
posted by julthumbscrew on Jun 24, 2014 - 9 answers

debt consolidation, good move at the expense of my credit?

briefly, over the last 3 years i experienced various times of unemployment. I've unfortunately accumulated about $45k in credit card debt. Does it make sense for me to have a debt consolidation service negotiate my balance down at the expense of my credit? [more inside]
posted by foodybat on Jun 22, 2014 - 20 answers

Beans and Rice and Beans and Rice

I have set myself a goal of paying off my $10k credit card in the next 6 months. After I cut out all luxuries, entertainment, eating out, new items for myself etc, the main variable is food. I have trimmed the fixed payments where I can and accepted the ones I can't. I need to feed myself, my partner, my 9 year old daughter and my dog. Please help me do this as cheaply as possible! Short term pain, long term gain and all that. [more inside]
posted by Youremyworld on Jun 3, 2014 - 48 answers

I need helping know how to deal with this debt collector letter.

I recently received a letter from Pioneer Credit Recovery, informing me that my debt of ~$1500 in state taxes has been assigned to them. There are some details that make me unsure how to respond. [more inside]
posted by anonymous on May 27, 2014 - 19 answers

Asking for Kind-of-ex-husband: how to deal with large federal tax debt?

I am writing this on behalf of my almost-ex-husband. He has owed between $80,000 and $100,000 to the IRS since 2003 and has done almost nothing about it. More details inside. [more inside]
posted by anonymous on May 21, 2014 - 15 answers

Budgeting 101?

Can you recommend budgeting and personal finance courses, or where I should be looking for such a thing? [more inside]
posted by anonymous on May 13, 2014 - 13 answers

Debt dispute, part 2

Follow-up from my last question. My 'proof of debt' packet arrived, containing 1) the same bogus justification for (most of) the debt as before, AND a brand new thing: both of my previous payments, toward the undisputed portion of the debt, are now preceded by a charge labeled 'bad debt collection' in the exact amount of those payments, canceling them out. What's my next step?
posted by jinjo on May 5, 2014 - 5 answers

Help us weigh financial priorities.

My family's income has just increased, and we're having trouble choosing between financial priorities. Advice? [more inside]
posted by anonymous on Apr 9, 2014 - 17 answers

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