I have about 10k in cc debt. I’m getting married soon and my family has given me about $12k toward my wedding. I have all of that 12k in a savings account that I intend on putting toward the final payment of my wedding. Obviously 10k in cc debt is a lot and interest makes it hard to pay down. I’m wondering if it would make more sense to use the 12k to pay off my cc debt and then put the remainder of what’s owed to my wedding on a cc and work on paying that off after the wedding when I have less expenses. submitted by /u/mistigirl20 [visit reddit] [comments ..read more

So I need to have smaller payments to pay off my credit cards and did a debt management program. The part that concerns me besides the big credit score drop, is how to talk to these creditors. I was told I have to wait 120 days before any debt can be settled (reduced). But from a million calls a day, I am very scared about getting served/sued. I was told I can give the creditors a phone number basically saying I’m changing numbers. But I am not finding the courage to do this. I am afraid I will have a panic attack on the phone and say something wrong. What should I do? -Feeling very worried ..read more

It's mostly the credit card debt that's bothering me. I'm okay with the auto loan being semi long term. Can anyone give me some advice/ideas? My goal is to have money to live and hopefully get my own apartment but rent is insane in los angeles and I can't afford to enjoy life like this submitted by /u/AnxiousPug1999 [visit reddit] [comments ..read more

I see ads online all the time about getting rid of all my credit card debt, they get "forgiven". I don't respond or apply to any of them, because I assume they are scams. Are any of them legit? submitted by /u/Your-Cousin-Larry [visit reddit] [comments ..read more

A year and a half ago, I had credit card debt, a personal loan, and student loan debt. I made the last payment on my last credit card today, aside from an interest payment that I'll be able to deal with as soon as it pops up, I am officially debt free. I wouldn't have been able to pay it all off without the support of my family, and I'm very grateful for all the ways they've helped me deal with it. submitted by /u/stupidusername6942 [visit reddit] [comments ..read more

I got a second job as waitressing to start taking my debt more seriously. A little background, I was $20k (not including student loans) in debt and have been spending the last year really attacking It. After 8 months I finally paid off my $2k cc and pay down a few smaller debts. Now I’m attacked my $5k cc, which often feels impossible with the interest. Im a freelance floral designer and I moved to to a new city over a year ago. Since moving I’ve had a hard time nailing down stable income. More recently I’ve been able to get more work, on a weekly basis with a company, getting paid $1200 a we ..read more

Hate myself for getting here... Currently have 40k in CC debt. Lost my FT job and got a consulting gig that is enough to basically break even every month paying CC minimums. I have about 50k in investments, most of which is in a regular investment account and then a portion in 401k and Roth. I'm wondering if it's worth liquidating my investments and take all the penalties to pay off a huge chunk of this debt, which will free up cash flow to continue paying off the remainder fairly quick. I hate selling my investments, but I feel like it will provide me a clean slate to start over and NEVER ma ..read more

I got a second job as waitressing to start taking my debt more seriously. A little background, I was $20k (not including student loans) in debt and have been spending the last year really attacking It. After 8 months I finally paid off my $2k cc and pay down a few smaller debts. Now I’m attacked my $5k cc, which often feels impossible with the interest. Im a freelance floral designer and I moved to to a new city over a year ago. Since moving I’ve had a hard time nailing down stable income. More recently I’ve been able to get more work, on a weekly basis with a company, getting paid $1200 a we ..read more

Just wanted to celebrate having no more credit card debt! My Ventura card at one point had a $4k balance. I started my journey to becoming debt free thanks to this sub towards the end of 2023. Next goal is to pay off my car loan that has $16k balance. Thanks for the motivation guys! submitted by /u/Dee_Nice_ [visit reddit] [comments ..read more

Feels good to be free from this debt. I still have other debts to take care of but I have a great weight lifted off my shoulders. According to my debt planning app I should be debt free by the end of this year! submitted by /u/throw_this_away_xd [visit reddit] [comments ..read more