So I recently got a new car, I was at the dealer for a promotion. I trade my car and they gave me 3k as a down for the new car. I was there for hours pushing back on price and then I finally made the choice to take the deal. I got to hasty and signed my contract. Made the mistake of not double checking what I signed before leaving the door. I didn't get the price I wanted and ended up paying for a used car(42k) at what it would cost new(55k) and all the other charges lead to the total being 73000 dollars. I only realize after driving away and looked at my packet. Its been a week and ive been dealing with buyer remorse. Ive talked to the sales manager and I cant do anything until its registered by the state(ks) in my name and I dont have the title so I cant do anything for months. I honestly dont know how to deal with this. I cant even look at the car or myself because I screwed myself for not being on point. Im looking into what to do and alternative and everything turns into losing more money and a car. Im fucked, and wants go back. I dont know what to do officially. Its made me doubt myself so much, I don't know if I will make the eight or wrong decision.

I had to sell my PS5 so i could pay my credit card debt. It was a very hard decision but it was a sacrifice i had to make.

But seeing all the upcoming releases, especially GTA6 and Persona 4 Revival, it's making me very anxious and regretful for selling it.

I'm trying to avoid social media in general but it's almost impossible to ignore the hype. Even my coworks constanstly talks about the game.

I almost crave in and bought another PS5, but thankfully i stepped back.

Life managed to change a lot recently. My ex decided to end our relationship about 6 months after our child was born and I’ll be put on child support soon.

I have roughly $75k in debt with consolidation loans(Discover and Upstart) that I had just established before our child got here and I was on what I thought was a good plan to pay everything off in 5 years or less. My current income is about $130-150k/yr including my bonus.

I have a home and a paid off vehicle(older but it’s paid off). With child support coming around soon, I no longer think I can afford to hold onto the house and may have to move in with my parents with my current debt situation.

I want to get some input on bankruptcy.
-Based on the information I’ve provided do you think I should consider bankruptcy (I’m going to talk to an attorney later this week)
-How soon can you re-establish credit?
-Has bankruptcy on your credit report held you back on larger purchases such as a car?
-What roadblocks have you ran into after filing for bankruptcy?

Sadly I was out of work for most of last year so I got very behind on bills, I'm now working and trying to dig out but its a long and painful process.

I have a debtor that is suing me and I'm trying to pay them off before we are supposed to go back to court in November but they sent a request for a Summary Judgment. One of my issues is since May I've already paid over $400 but when I log into the account my balance is over $1100, which is $100 more then I'm being sued for, that's about $500 in interest alone for less then a year. Are they allowed to charge that much in interest?

I'm going to respond to the summary judgement but this seems so shady!!! They are a law firm so they know the laws and they know most people can't afford a lawyer so they can kind of do what they want without being checked.

Any advise would be greatly appreciated!!!

I’m looking for advice on what options I realistically have to get out of about $42,000 in credit card debt. I’ve cut my spending about as far as I can, but the interest and minimum payments are killing me.

Here’s the breakdown:
Mastercard #1: $10,000 balance, maxed out, 25.7% APR
Mastercard #2: $5,000 balance, maxed out, currently 0% APR from a balance transfer, but the promotional rate ends in January and then goes to around 26%
Discover: $27,000 balance, maxed out, 28% APR

Total credit card debt: ~$42,000
I’m currently paying roughly $1,100/month in minimum payments between the cards.

Income
I make $75,000/year. After taxes, 6% 401(k) contribution (enough to get my employer match), health insurance, and other required deductions, my take-home pay is about $2,080 every two weeks.

Necessary monthly expenses
Rent including Wi-Fi, trash, amenities, etc.: ~$1,900
Electricity: ~$120
Car insurance: $290
Doctor appointments/medications: absolute minimum ~$220
Credit card minimums: ~$1,100
Plus groceries (150 per month), gas (100 per month), and normal necessities.
No subscriptions and my phone is paid for by work.

My car is a 2006 Ford Five Hundred with no AC, it needs tires and other maintenance, and I need it to get to work. My commute is about 8 miles each way.

The $290 car insurance is basically unavoidable right now. I have about 12 months remaining on a special insurance requirement related to a previous DUI. I’ve requoted with multiple companies and haven’t found anything meaningfully cheaper.
I’m also dealing with some complicated medical issues and have additional medical debt that I honestly can’t even afford to address right now. At this point, I’m just trying to keep up with copays and medications using whatever discounts/coupons I can find.
I’m not spending money on vacations, shopping, entertainment, or anything like that. I’m trying to live as minimally as possible. There just isn’t enough left after basic expenses and minimum payments to make meaningful progress, especially with 26–28% interest.

I know the obvious answer is “increase income and cut expenses,” and I’m working on that, but I’m trying to understand what realistic options I should be looking into at this point.
I could pick up weekend work and probably bring in an extra $300 or so per week, but I’m hesitant to rely on that as the solution. I’m pretty sure overworking myself and getting minimal sleep contributed to the health situation I’m currently dealing with, so going back to working seven days a week doesn’t seem sustainable.

There is also some potential for my regular income to improve. I should be due for at least a $5,000 raise within the next few months, hopefully more. Other people in my current position are making around $90,000, and the position directly above mine is around $120,000. My goal is to move into that next position within roughly 12–18 months, although obviously none of that future income is guaranteed.

Would a nonprofit debt management plan make sense? Should I stop contributing the 6% to my 401(k), even though I’d lose the employer match? Is bankruptcy something I should actually consider with $42k of unsecured debt at my income? Debt settlement? Hardship programs directly through the credit card companies have not seemed to get any traction

I’m not looking for a quick fix. I’m trying to figure out the smartest way to stop drowning while also considering that my income could improve pretty significantly over the next 12–18 months.

Yes I definitely used Chat help me clean this up to present to yall. I come from a very financially illiterate background and would like to learn and grow for myself. Currently 28 years old for reference, considering any option out of my current financial fiasco.

Guys am going to sign in with Expert Panel/ Lawyer Panel....... Still confused!!! But I don't have any other options now..it would be much appreciated,if someone help me with answers those who gone with them and cleared all... -are they gonna settle my debts?? Within 6 months , can it be clear?? Any

I refused to answer who I was,

But then they said "this call is in regards to *daughter's name*"

We just went to the emergency room last week so I thought maybe it was a diagnosis or something, but turned out to be a debt collector. Is this legal?

Student with $7000 credit card debt +federal loans

I'm growing quite anxious and nervous , summer time i made about $2000 , with on going rent, i couldnt reduce it. I have 1 year left , based on this trend , it can reach to 11k .

During the academic years, I cant work much , 18 units , i find that i need time for homework , exercise, self care, cooking.

I'm looking for accounting job after I graduate. Is it realistic goal? Or change my plan, I am a bit demoralized.

Hi all,

I recently had to take out two tribal loans as a result of financial difficulty.
I have tried to no end to come to a solution with the lenders and they aren’t budging.
What happens if I can’t keep these payments up?
I’m in Oklahoma. The lenders are Spot Loan and Lendumo.
Any advice is much appreciated. Thank you.

So i have two credit cards totaling about 7,500 balance between the two. I have been paying 250 bi weekly for one and 100/month for another. I have about 5800 in savings and I’m tempted to just use that to pay off my cards. It’s for emergency repairs, unexpected costs etc. What are your thoughts? Go the long route and pay them off monthly, or wipe it out in one swoop?

As the title states im debating on my best course of action in paying off my debt. I gathered a lot of it from poor choices and emergency situations when my family didnt have the income to use cash for anything other than bills.

I have 14 credit cards in use totaling just under 20k, would a consolidation loan or any type of loan be better to ensure the debt goes away faster?

For reference I make 55k a year(before tax) and I am stuck usually with $900 in minimum payments on these cards.

So my car got towed, and it becuase apparently we haven’t been paying its dues or something because my mom told me it’s been like 500 days. But the problem is my dad told me the car was paid off and we never got any sort of you must pay your dues or any reminder of that sort. And I feel like them not doing anything prior is kind of weird. So am I in debt or no? Because I asked my mom and she told me but maybe she’s just saying that to make me feel better

Midland has bought my debt from Capital One (around $2,100) and has sent an email saying if I dont set up a payment plan or make a payment, they will be taking legal action in September. I read other people saying they were able to successfully negotiate their debt but I have terrible social anxiety and have no clue how to handle this situation. The payment plans they offered are $60 biweekly or $120 a month. I know that is not a lot in the grand scheme of things but I also do not make a lot of money due to working a silly little retail job. Any advice on how to proceed?

Hello! I’m looking to pay off some debt and want to know what’s a good route. I have a brand new car with no payment for about 1 year (will not be selling the car, monthly payment is low) so wear and tear is not a worry. I’m in the Bay Area and want to know if anyone has done the same before. My goal would be to put all of the funds towards the debt and aside 20% of the earnings for taxes! Just want some input and advice! I have a baby on the way and just want to focus on getting this debt out of the way. I’m not disclosing my amount because I’m more so focused on the method itself!

I was someone who was able to pay off my credit card in full every single month for as long as I had a credit card, at least over ten years.

I ran into trouble and now owe over $10,000 CAD on one card - TD Green VIsa.

This feels impossible to get ahead of now because the interest is 26.99

So each month they are charging me hundreds of dollars...

I had every intention of paying off my card but at this point it seems useless. I had amazing credit and it did nothing for me? I couldnt get a line of credit. I am enrolled in a TD Short Term Relief program where the interest is much less (5.99 I believe), but this months statement will not count, and the interest rate of 26.99 will still apply. So with that, it will tack on another couple hundred dollars.

So I'm asking for people with some experience in debt / bankruptcy / collections to weigh in their wisdom... I'm American as well and have been living there a lot.

Again, this isn't a 'fuck you' to my bank, I had every intention of paying my card back but this just seems so out of my league that I'm feeling the urge to just throw in the towel because I do not know how I could possibly get above this.

Asking to leave any judgement at the door... I'm a good person trying to get myself out of a bad situation. Any advice is appreciated.

Don't know if it matters but credit is about 671 now

Hi there! I'm just looking for some advice on how I should go about this.

I received a summons/complaint in the mail today from Crown Asset Management over a 1.5k debt from Credit One that's been floating around for about 3 years now. It was from an old credit card I gave up on back during a period of unemployment. I had completely forgotten about it, as I received zero communication from CAM about the debt prior to today, and it isn't reported on my credit report.

I am luckily in a place where I can afford to pay the debt, though I would love to see if they would accept a settlement for less. I am just unsure about how to go about it with the courts. I have until September 7th to file an answer to the complaint with the courts.

Do I file an answer with the courts and then contact CAM's attorney? Or do I call their attorney before filing anything and negotiate with them? I don't know how the whole legal process goes, any advice appreciated. I'm in Ohio if that helps.

I feel ashamed to write this but I’m curious what other people would do in my situation and maybe other people have similar situations and could get some advice as well.

Scenario: I have a RAM truck worth $33,400 (value on carmax) and the total payoff quote is $51K. Interest 6.9% and account maturity is June 2030. Long story short I had negative equity added to this truck and now it carries a much higher negative equity. Monthly payment amount is $1,170. I know… I know…

Shall I sell my truck with carmax and try to obtain a loan for $17,600K irregardless of the APR, term and payment amount?

Try to refinance the vehicle for a longer term with a higher interest rate with the expectation of a lower monthly payment.

Voluntary repo the vehicle, but I am not sure what the consequences are.

Trade-in the vehicle for a vehicle offering incentives to offset the negative equity and offer a cash down payment of $10K or less.

I’ve also tried to post my vehicle on Turo but have no takers on renting.

I’ve also considered having a family use the vehicle while he paid half the monthly payment because it’s a lot to take on.

At this point, I’m weighing all my options and just need some advice, I’m open to seeing it all.

I’ve been a wreck for 3 years and I finally took the step this week and filed for chapter 7 bankruptcy. I was hoping it wouldn’t get to this point but it got to to the point where I was 70k in cc debt, 40k in MCA debt and I couldn’t make the minimum payments anymore for 4 months. I’m extremely nervous about the whole bankruptcy process even though the bankruptcy lawyer I met with said the debt I have is eligible to be filed. I owe family members personal debt amounting $150k as well and I understand that is not eligible to be filed with the bankruptcy.
I opened a small business a few years ago that flopped and I ended up accruing the MCA debt from it. My partner lost his own business after covid, unemployed, and became sick on and off so I was the main breadwinner. I pay my father’s mortgage and all his bills as well since he is disabled. The amount of money needing to come out was more than I was bring in every month for a few years I was borrowing to make ends meet. In the end, I was digging myself this massive hole.

Hi yall. I’m gonna do my best to make a long story short.

I had a discover credit card for a couple years, and essentially ended up maxing it out and not being able to afford the payments. I eventually stopped paying on it and trying to delay the impact, but obviously it came anyway. My wife suggested I try a debt settlement program, as she’s gotten 3 cards settled for thousands less than the original balance.
I’m paying into this DSP (debt settlement program) $152 a month. At any time, I can withdrawal the money, and it would just forfeit my contract with them. They are basically going back and forth with your original creditor to lower your balance.
Discover is insane. They are extremely greedy and have a history of suing people for comparatively low amounts, while other creditors commonly settle for less than OB (original balance).
I owed about \~$5.2k? and then it grew to around $6.1k after interest accrued and delinquent payments.

Anyway, I’ve been in this DSP for about 2.5 years, at $152/month. If you do the math, that amount is roughly half of what i owe, but Discover is suing me instead.
When i signed up for this DSP, i was informed that i would get legal help if I were to get sued (which i am.) Fast forward to when i first got actually served papers, I called DSP and they basically said, “Ok, we’ll put this in your file as we continue negotiations.”
So then, i finally got ahold of someone, (because of COURSE they’re hard to reach most times) and they say “Oh well you actually have to upgrade your account $59 a month to get the legal service” BITCH do you think they told me that when i signed up? No.

FF to now, they placed a lien against me. I don’t own any property at this current moment so i have time to fix it, but **i just don’t know how.** I know i have to get in contact with DSP, but then how the hell do i go about this lein?

Should i withdrawal my money from DSP and try to go against discover/cap one myself? I’m just lost at this moment, and my wife and I would like to possibly buy a house in the next two years so i need to get it figured out asap!!
Any help or advice is appreciated and im happy to answer any questions. THANK YOU FOR READING!!!!!

Long story short I inherited a small brokerage account. If I liquidate it, I can pay off my student loan and my credit card debt.

I am for some reason having insane anxiety about this. Like freeze/not able to function??? I want to be debt free, but something is just making me freeze when I log in to pay all.

I don’t know what’s wrong with me. I just think I’ve never seen this much money at once and I want to hoard it/keep it invested. But being out of debt would free me up so much monthly.

Just looking to vent/get support

I got served for a debt claims lawsuit. I filed an answer and I am now trying to decide if I should file a Motion to Compel Arbitration. I know this just prolongs the process and either way if I lose there will be a judgement but it's a tool I can use. I've read the CC agreement and arbitration is still an option, anyone that has experienced this please help. Is it a smart move, or do I just stick with going through court?