I have enrolled 4 debts from different creditors with a debt settlement company. One of these debts is from an American Express credit card. However, American Express doesn't want to work with a debt settlement company because they don't have a law firm partnered with them. Interestingly, with my other 3 debts, they were settled and I got favorable settlements with them, and I never encountered that issue with American Express. Why do they behave differently? What's the difference? submitted by /u/iamnotsad06 [visit reddit] [comments ..read more

Hi everybody. Joined this because I like everyone else is trying to minimize their debt. I do have student loans and car debt but I am going to focus on that later, as my biggest concern is my credit card debt. Got into decent debt due to being in grad school for counseling and had to do a practicum that at the time being, didn't allow me to work full time so my income was cut in half for a year and half, on top of moving across the country and planning a wedding. So here's my current owing: CC 1- $9000 with a 25.49% APR CC 2- $7351 with a 26.24% APR CC 3- I just opened this for partial balan ..read more

submitted by /u/Accountantability [visit reddit] [comments ..read more

I have about $50k in credit card debt. I got my score up to 690. Should I apply for a personal loan to bring down the interest in the remainder debt? What would you do? submitted by /u/jmedigital [visit reddit] [comments ..read more

Hey everybody, just wanted to consult you all on some advice pertaining to my debt. Here are the totals before I ask about my options and what I should do. -Medical debt (hospital/ER) $8100 -Utility bill $1916 -Credit cards $1950 -Car loan (was repossessed and charged off) $4245 remaining Grand total if I'm not forgetting any accounts is $16,211. My credit score is absolutely horrendous, 472 according to Experian. I am only 24 and I feel like I have ruined my future. I was doing great for a long time keeping up with payments, but in 2022 I lost my job,and couldn't find one for a while, about ..read more

I used to be buried in debt, struggling to make ends meet each month. But through hard work, determination, and smart financial decisions, I was able to turn my life around. Now, I am debt-free and enjoying the freedom that comes with financial stability. If I can do it, so can you. Share your personal finance success stories below and let's inspire each other to achieve our financial goals! submitted by /u/memorablemajority2 [visit reddit] [comments ..read more

submitted by /u/Johny_KobraKai [visit reddit] [comments ..read more

I recently took out a $40,000 personal loan for 8.99% over 60 months with the intention of consolidating my debts. Now I'm not so sure it was the right idea. I owe the following: $19,000 @ 20.49% - credit card $2,987 @ 15.75% - credit card $3,140 @ 22.49% - credit card $10,021 @ 4.75% - 401k loan $12,400 @ 2.49% - car loan I took out the personal loan with the intention of paying roughly $1,000 per month and paying it off as quickly as possible to avoid interest. How should I apply this consolidation to my debt? Should I focus on what opens up the most available cash per month or just the hig ..read more

39f, and transferred a 21k balance to a new card at 2.5% rate for one year. Is there a reason I shouldn’t just take money out of my 401k to pay this? I hate carrying it, the payments are high, and even though yes I will have to pay back my 401k through paychecks auto deducted for 5 years, I will be back to putting cash in my pocket. I went through a rough time and drained savings and my funds in that account are pretty decent. Any reason why not? submitted by /u/ladybrainhumanperson [visit reddit] [comments ..read more

I’ve paid off two cards so far as well as my afterpay and most affirm accounts I still owe about $1,200 on Best Buy, $400 on a chase card, $650 on us bank, and about $200 left on my last affirm. I also have a student loan of $20k, but can get some forgiveness as i work for the government. Also owe about $30k on my car I’m really hoping to get the rest of the cards, and affirm paid off by August so i only have my car and student loan. I started at about $20k in debt on cards but haven’t really chipped at it until the last year as i got a better job. I’ve paid off close to $11k in thr last ..read more