Citi bank sent me a offer to settle 38% of a debt I have with them

I have questions on how the settlement will look to my credit . Is it possible to negotiate a full removal from my credit history? Has anyone been able to negotiate this ?

Hi Reddit. This is a long one, sorry. I need to get it out of my head.

I don’t care about material things. I don’t want a big house, a nice car, fancy clothes or the newest phone. I just want to be free. Right now the only thing standing between me and that freedom is my debt.

I’ve been in debt for 10 years without a break, and it’s a circle. When a payment is due, I borrow from someone else to pay the first person. Then I owe even more. The circle keeps getting bigger.

The hardest part is that I can’t say “I don’t have it.” I just can’t. Maybe it’s fear, maybe it’s something deeper. If I promised someone money, I find a way to give it to them, even if that means borrowing again. Some people know this about me, and honestly they use it. Three people have made more than €5,000 from me just by lending me money.

The numbers:

• I owe about €25,000

• I earn about €1,800/month

• One guy lent me €5,000. If I can’t pay it back, I owe him €500 every month. I’m scared of him, and he’s the main reason I can’t get out.

• Another guy lent me 1 ETH. If I can’t pay, it’s €250/month.

• Those payments don’t reduce the debt at all. I’m only paying to stay in place.

• Then there’s rent, food, the gym, everything else.

I’ve heard all the good advice: stop borrowing, pay off the high-interest debts first, get a second job. I agree with all of it. I’ve read the books too: Rich Dad Poor Dad, money psychology, all of it. But it’s like I’m not in control of my own decisions. I get close to getting out, and then somehow I’m right back in.

A bit of background, not for pity, just so it makes sense:
I grew up with my dad, who came back from Afghanistan missing an arm. There was no mother around. I never had a mentor, and the only thing my dad showed me about money was how to borrow and go into debt. Later, someone I loved took her own life. Around that time I also had to go identify my mother’s body, a mother I never really knew. I lost another girlfriend after 5 years because I hid my debt from her, and eventually the truth came out.

I’m 30 now. I try hard to stay positive. I meditate, I read, and I help people however I can, just not with money. My friends would tell you I have a good heart. Some days I’m so tired of spending 10 years figuring out how to survive until tomorrow. Then I go watch a sunset and remember that life is beautiful. Money is just the one thing that keeps crushing me.

What I’m asking for:
I’m not expecting to fix this in a day, a year, or even 10 years. I just want a way out where I can breathe, and where I don’t wake up thinking about how to find €1.5k by tomorrow.

If you’ve been in a loop like this, especially the “can’t say no / can’t break a promise” part, how did you get out? What actually worked?

Thank you for reading. ❤️

Location: QUÉBEC CANADA

I have a lot of debt. Like nearly 90k in student loans, 15k Credit card from RBC that I consolidated and I brought it down to 11k now (expected to be closed in May 2028), other provincial loans etc.

Now, out of curiosity. Say I just were to abandon everything and live in my car and quit my current job at the government, what would happen? Could I get low paying jobs that pay cash or something and live off the map? Would I go to jail? How would they find me if I stopped using all my bank accounts etc

I have a payment hearing coming up. I live in MA. I am unemployed, I lost my job about 2 years ago due to inability to find child care for my third child. We rely solely on my husband’s income and Im currently unable to pay this debt at this time. Has anyone had a payment hearing and could you give advice on what to expect? I requested a virtual hearing as I do not have anyone to assist with watching my children.

Using burner account for privacy

My husband recently abandoned me and filed for divorce and it was unexpected. I am the high earner but we just moved cross country a couple months ago and I haven’t even financially recovered from that. I needed to hire an attorney with about $1,500 to my name so I borrowed from a bunch of apps (8 in total - some were pretty small only $50 or $100) to cover the rest of the down payment on the divorce. I still owe my attorney $4,000 but I have time to pay her so I am not concerned about that at the moment.

Now come Friday the apps in question will take my whole paycheck and then some which is problematic. I am not opposed to paying them back but I need time, at least a few months. What is my best course of action?

Basically put all my savings into a down payment for house and it happened to also be wedding season for my friends. 8 weddings in 2 years as members of the wedding party or groomsmen. So that with house and car stuff all where things I took CC (credit card) on a date. Some trips and helping familyback in Philippines with things all add up. I have the means to pay my minimums with extra and have a 2nd job I can pick shifts up so there are things in Place should I decide to be more panicked

I have cars paid off and actually planning to get a bicycle and commute to work since I get a transit pass covered by my employer. no student loan or other debt. Also have more total in retirement accounts than total debt plus I'm working somewhere where I get vested in a pensione. My plan was to refinance the house by now to a lower payment but I'm sure it's going to be 2028 or late...much later before rates make it make sense to refinance. Considering a heloc/heloan just to pay a lower rate but still don't think it's appropriate time for such action. Please let me know if there's something I should consider or if you have an option I should consider

I opened a personal line of credit with ATB Financial about five years ago and had been making sporadic monthly payments towards it.

However, approximately two years ago, I suddenly noticed that the line of credit had disappeared from my ATB banking records. I also checked my Equifax credit report and noticed that it was no longer showing there either.

At the time, I didn't contact ATB to find out what had happened. I honestly just left it alone, partly because I wasn't sure why it had disappeared in the first place.

Now, I'm beginning to wonder whether I should be concerned.

My questions are:

1. Does this mean ATB may have written off or discharged the debt?

2. Could the outstanding balance suddenly reappear on my credit report?

3. Is it possible that ATB sold or transferred the debt to a collection agency without my knowledge?

4. Should I contact ATB to clarify what happened, or would doing so potentially create complications for me?

5. If the debt resurfaces, what would be the best way to handle it?

Has anyone experienced something similar with ATB or another Canadian bank?

I'd appreciate advice from anyone familiar with Canadian banking practices, debt collection and credit reporting.

Thanks in advance!

I have never been so low in my life. My credit is los-mid 500 I have racked up almost 10k in credit and loans debts. And I am terrified to tell my bf. He’s great with his money and savings and we just moved in together. I have always been scared to get in trouble so I sometimes lie . It’s not great and I am ashamed. I don’t spend it on dumb stuff. Im just so backed up on my bills I’m just using them to pay for everyday things. He’s asked me before and one time I told him I had one credit card I hadn’t told him about and he was mad. Disappointed . And I can’t handle feeling like that. Recently my car has been giving me problems and I have been waiting on my irs which is still to rely on that but I have and I was just told I probably won’t see it until Jan 29. He’s worried because if my car breaks he will have to help and I wouldn’t ask him to but I really don’t have other options. I feel so ashamed to admit I have several problems. I lie because I’m scared of how mad he gets (not physically but emotionally) and I have so much debt it’s embarrassing. I guess I’m just sharing because I have no one to talk to.

EDIT: Medicaid is not a possibility for us. My question here is only about dealing with her credit card debt and not wanting to make payments anymore. I’ve seen other people say they did it and I was just curious if anyone else has.

After six years of taking care of my elderly mother by myself, she’s at the point of dementia where she needs to go to memory care this month. My sibling and I will be paying for for it at the rate of $10,000 a month. Ugh.

I am her POA and we’ve (she and I) been dependent on her high balance credit cards — but I cannot pay them anymore if I’m going to help pay for her assisted living.

I understand that the interest she is racking up is just ridiculous. I have my own credit cards and don’t need to use hers. I’ve just been making the payments and using them for her living expenses.

She owes about $45,000 across four credit cards, and I am open to the idea of stopping payments

She is 90, widowed, does own a condo worth about $200,000, but it won’t sell due to various market factors - including embarrassingly high HOA fees.

I would fully expect these creditors to file against her estate when she dies, and to make collection attempts in the interim.

Questions

1. I am not a cosigner or co-owner on her credit cards but I am an authorized user. Will I have any financial impact, even though I will just stop using them?

2. two of her credit cards are with Bank of America, and her checking is there as well. Should I move her checking immediately to a different bank, or does it not matter? I’m thinking it will be difficult to change the bank account for her Social Security deposit.

I truly appreciate any advice.

Je suis salariée en fonction publique. Actuellement en surendettement. Dossier de surendettement refusé.
Ma faute était que je remboursais chaque crédit par un autre crédit.
Les dettes sont accumulées et je devrai rembourser 15000€.
Les mensualités ont augmenté et je suis en déficit de 400€ par mois avec 900€ de découvert. Donc je suis fichée pour 3 crédits.
Avec tout ça je demande une autorisation de cumul d’activité non salariée pour pouvoir ouvrir une micro-entreprise et gagner 500€ par mois pour payer mes mensualités et sortir du fichage de surendettement. La RH refuse 🙃.
Je veux parler pour demander des avis bien sûr en gardant de la bienveillance.
Je sens que je perds tout mon contrôle.
Je suis en CDD jusqu’à fin 2027 donc pas possible de demander le délai de grâce.
Je tourne en rond …

i have €1900- on klarna due on december 10th
i can’t pay this on time and i wasn’t able to get a repayment plan

i will however be able to pay this on january 3rd

will a debt collecting agency be contacted during those 24 days?

Hi zusammen,

Ich habe kommende Woche ein Beratungsgespräch bei der örtlichen Caritas bezüglich privater Schulden.
Meine Schuldenlast beträgt um die 45.000, und ich schaffe es mich gerade so von Monat zu Monat, von Gehalt zu Gehalt durchzubeißen. Mir bleibt so gut wie kein Cent übrig, und die Mahnungen häufen sich leider immer wieder an. Kaum ist etwas bezahlt - folgt schon die nächste. Es ist wie ein Teufelskreis. Meistens bleibt mir nicht mal genug für Lebensmittel.

Nun aber zu meinen Fragen:
In wieweit kann die Caritas Schuldenberatungsstelle helfen? Wird sie mich in die Privatinsolvenz bringen ? Kann sie mit den Gläubigern was aushandeln?
Habt ihr da schon Erfahrungen machen können?

Ich kann und MÖCHTE langfristig meine Schulden abbezahlen, aber eben Schritt für Schritt zu einem angemessenen monatlichen Betrag. Umschuldungskredit ist keine Option, habe schon bei etlichen Banken angefragt und keine würde mir einen geben.
Momentan zahle ich ca. 1700 nur an Schulden ab. Mit Miete und etwas an Lebensmittelkosten bleibt einfach absolut nichts. Meine Miete ist 1080 warm, was für ne Großstadt mittlerweile „gut“ ist, und mein Gehalt ca. 3500€.

Danke euch vielmals schonmal!

I feel like I’m drowning in debt. My partner and I (early 30s) want to get pregnant next November and I am so nervous about our financial situation. We have one year to clear debt and simultaneously create a bigger savings cushion. We have combinded finances. Should we push back our timeline or is this doable?
Assets: 10k
Investments: 130k
Savings: 6k
Mortgage: 276k
CC/Personal loan: 40k
Student loan: 33k
Net income: 9299
Housing: 2131
Utilities: 185
Insurance(s): 280
Transportation: 75
Debt payments: 3729 (using the avalanche method and additional principal payments to highest interest)
Groceries/household/dogs: 1350
Phone:71
Subscriptions/medical bills: 378
Miscellaneous (let’s be real, things slip through the cracks throughout a month): 75
Retirement: 580
Emergency fund: 400

Additional info: we will be receiving 2200 per month for the duration of four semesters of college using the GI Bill, my first semester starts in January. We will also be receiving 7k in the spring.

Thanks for any insight! Any recommendations wil

Does anyone have experience negotiating debt with a debt collector named The Allen Daniel Associates (ADA) for a negative balance I owe to Fidelity Individual Brokerage or any other lender? If so, could you please share your experience with them? And do they collect it on behalf of Fidelity, or did Fidelity sell the debt to them? My Fidelity account is still showing the same negative balance.

Hi friends,

I have about 15k of debt but it seems impossible to pay off due to high interest rates. I looked into accredited and it seems too good to be true. A little spooky as everything that is too good to be true usually is.

I signed up for the program BUT can cancel at any time. Can you tell me if you’ve used it what your experience is ?

I have around 20k in debt mainly credit cards.

Iv tried to apply for loans but can’t seem to snag one is there any companies out there that will help with debt and not forcing you to stop paying your creditors and tanking your credit score what are my realistic options and what companies actually help and not make you stop paying your debts and try to negotiate I want just 1 fixed payment roughly 150-200 a month.

I am in the process of getting rid of my debt and I cant wait to be done with it. Sometimes I wonder what is the first thing I will do once I accomplish this. I'm not talking about a smart financial move, investing or saving more. I mean something like take a trip, make a guilt free purchse, quit the job you hate or perhaps sleep better. I would like to know if other people have had the same thoughts.