585 posts tagged with debt.
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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

What to attack first when getting out of debt? (Ramsey baby step 2)

I get it: never lease a car. Well, we have two. Following Dave Ramsey's money makeover, we've got more than our 1,000 emergency fund, so how do we start attacking our debts? He says start with the smallest and just start knocking them out. So...how does a car lease factor in there? [more inside]
posted by Admiral Sock on Apr 6, 2014 - 26 answers

Student loan lawyer in Phoenix, Arizona?

I've got an unusual set of circumstances involving student loan debt... could really use the advice of a lawyer. Anyone know a good student loan lawyer in the greater PHX metro area?
posted by ph00dz on Mar 4, 2014 - 1 answer

Getting It Gone. Paying Off Student Loan?

I have somewhere around $60,000.00 of student loan debt. Its all one loan consolidated with the US government but managed by a private company called Ed Financial. I would like to try negotiating a pay off for less than what is due. Details and further questions inside. [more inside]
posted by anonymous on Feb 25, 2014 - 13 answers

Potential difficulty in debt dispute

In disputing a debt with a collector, how do I address this language from their letter: If you notify this office in writing within 30 days from receiving this notice that you dispute the validity of this debt or any portion thereof, this office will: obtain verification of the debt or obtain a copy of a judgment and mail you a copy of such judgment or verification. [more inside]
posted by jinjo on Feb 25, 2014 - 10 answers

Student loan income % payoff

(USA) I heard something about student loan payoffs based on a % of your income,and after 12 (?) years anything left is forgiven. Is this real and how would one get this? [more inside]
posted by Jacen on Feb 15, 2014 - 5 answers

Tell me about med school debt and the importance of med school prestige!

I'm potentially interested in going to medical school. I have been doing research online, and have lots of questions about this prospect, but I want to limit it to two interrelated questions today. [more inside]
posted by ClaireBear on Feb 14, 2014 - 22 answers

Applying for a credit card with bank I stiffed 20 years ago.

So when I was in college I ran up a $700 credit card debt with Citibank visa. Then I didn't pay it. And for over a decade my credit was crap. But eventually I turned it around and have good credit again. So here's my question: I need to get a credit card for one of the biggest hotel chains as I stay there for business a bit. I'd like the benefits and points maximizing. Problem: the best card is run through citibank. Since my teenage folly I've changed my name but I still have the same SS#. Will applying today reactivate the debt with them?
posted by rileyray3000 on Feb 10, 2014 - 13 answers

Unlocking Contracted Recurring Revenues to use for Debt Collateral

Every month my company sells roughly $15,000 worth of monthly recurring revenue contracts with five year term lengths. The service sells for $1,000 per month so every month we sign on 15 new customers. $15,000 * 12months * 5 years = $900,000 (total contract revenue for all 15 contracts sold during the month) We've maxed out our borrowing on physical assets held by the company and I need to find a way to unlock these revenue streams to use as collateral for further growth. What's the best way to do this? I would prefer to not have to go to every customer and amend their contracts in any way. Thanks!
posted by Paalen on Jan 24, 2014 - 16 answers

How can I increase income to pay student loan debt?

I have $85k in student loan debt, and need to increase my income so I can pay it off. I need a bigger spoon to eat this elephant. Fishing for ideas. [more inside]
posted by mannermode on Dec 22, 2013 - 13 answers

Reliable sources of corrective financial advice in South Carolina?

My in-laws in South Carolina, who don't have a stellar history with money, are facing some challenges that are really restricting their circumstances. They're not against cleaning up their act in terms of budgeting and being smarter about money, but don't really have a head for it. What's the best way to help from a distance? [more inside]
posted by Shepherd on Dec 5, 2013 - 6 answers

Age 25. Huge college debt. Can't land a better job. What should I do?

I have $40,000+ in debt, a bachelors degree in criminal justice, an EMT-B license, a basic computer tech certificate, 4 years of customer service experience as a banquet server, a bad driving history, and one misdemeanor - how can I find a better job than being a banquet server? What can I do to be competitive? Should I attend police academy or not? What are my options - what can I do to improve my life? [more inside]
posted by usersname on Nov 9, 2013 - 49 answers

How do I learn to budget and reduce my debt?

I'm living with just shy of $50,000 of debt. That's actually pretty crazy to say. $18k of it is credit card debt. $22k of it is owed to the IRS (terrible decisions while freelancing). It was recently down to $20k, but I missed one of my monthly $500 schedule payments so I got hit with a sizable penalty. The rest of it is a Sallie Mae student loan. [more inside]
posted by anonymous on Nov 4, 2013 - 35 answers

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