Search results

If you save on interest and the payment is lower go for it.

Consolidating your debt can be a smart move if it lowers your APR and shortens your repayment time. Just remember: try not to use those credit cards again afterward. Otherwise, you'll end up with two payments to manage: Your new consolidation payment. Plus the minimums on any new balances.

Think twice about a debt consolidation loan. My experience was that it actually hurt my credit score. It’s a common step, but it can sometimes backfire. Here’s a quick look at why it might happen: It can lower the average age of your credit accounts. Applying for the loan creates a hard...

I've tried both a debt relief program and a consolidation loan. My finances are now much easier to handle. The right options can work but you need to do your part by changing your spending habits! Here's what I did: With the debt relief company (a law group), they negotiated five credit...

You could try going to the group's main page. Type debt consolidation into the search bar. This is a great way to see what other members have shared about their experiences.

I got turned down cause of my debt to income!

Went to my local credit union. Got a $15K loan payment were $300 mo.

Imo emergency fund needs to be 6 months of bills and food paid

Hey there! Want to know when there's new activity on a post you like? It's easy: Find the three little dots (...) in the top right corner of the post. Click on them. Select Get notified about this post. That's it! You'll then get all new comments sent straight to your notifications. Pretty...

can i. ask who you did a consolidation loan through

Here's a clear, practical guide to handling your money 1. Save for taxes first. It's smart to set aside about 30% of your income for this. 2. Create a starter safety net. Save enough to cover one month of expenses and keep it in a High Yield Savings Account (HYSA). This is your first...

Reaching out to a nonprofit consumer credit service is a smart move. They can: Help you create a clear plan. Walk you through your options. It's a great first step to take.

Hi there. First, I want to acknowledge how much you're juggling—single parenting, long shifts, and managing debt on your own is a huge challenge. The fact you have a budget notebook you've used for two years is a fantastic foundation; that consistency is key. Let's build a plan that works with...

Changing to a single payment won't affect how much you can pay overall. You can't get out of debt just by rearranging it. The real way out is by paying it off step by step.

I know it can be tough, but you've got this! I'm 68 and I've been working 7 days a week, over 60 hours, for the last four years. Even though it's just e, I still find it a challenge to get all my personal tasks done. Stay focused on your money goals. Being mindful and intentional with your...

A few years back, I took ou a personal loan to combine $42k in debt. The rate was high 23% but it was lower than most of my credit cards. Also, loans are installment plans, not revolving credit. That means you don’t get interest on top of interest like with cards. So even with a similar rate...

Some debt can be a smart move. For example, borrowing against an asset to help grow your wealth is often a good idea ✅ But taking on consumer debt just to shop or buy a big vehicle? That’s usually a mistake Here’s the difference: Good debt: Used to build or leverage an asset. Not so good...

That's a smart move switching to the avalanche method after tackling some debts first. I was in a similar spot with about the same amount of debt, and that approach really worked for me too.

You're figuring it out! 2024 has been a lot. Here's to hoping 2025 goes even better than you planned.

Most debt relief plans with 13–16% interest and 3 year terms ask you to close your credit cards. Why? Because they're not really fixing your credit score they're just moving your debt to them. Want to keep your accounts open and boost your score? Steer clear of anything that makes you close...

Let's get you on track! Here are some practical steps: Pay off debt. This is a top priority. The less you owe, the more you save. Control your spending. Save on groceries by choosing budget friendly meals. Earn extra cash. Driving for a delivery service can boost your income. Use government...

It's never too late to invest in property to build financial freedom. That's just my opinion! Key points to consider: Investing in real estate can be a powerful tool for building long term wealth. Starting at any age can put you on a path toward greater financial security. Remember...

Given Creddley's promise of no hard credit checks, how can you balance the appeal of quick funding with the need to safeguard your financial health, especially if hidden terms could affect your credit down the line? What questions would you ask to feel more confident before moving forward?

If you put the money in the IGN account, you’ll pay: 3.9% interest per year on $250,000 7.89% on the remaining $8,000 But if you pay off the car as much as you can, you’ll only pay interest on that $8,000. I know which one I'd pick

Longer loans can be easier to manage. Just be aware that some might charge a fee for paying it off early. Always read the fine print carefully before you sign anything!

I just left ubank for Macquarie

Put 20% down and you can bypass all the checks

Gold, silver, vanguard, and Bitcoin. 20 years time retire.

I've been doing the same thing recently. I'm very invested in crypto, so I'm slowly moving some of my crypto profits into ETFs. I try to tell myself I won't touch this money it's for the long term. But crypto has definitely changed my perspective on gains and how long I hold investments. I...

There's plenty of work in Queensland right now. If you're interested in technical building roles, certifier jobs are a stronger option than surveying. You will need more qualifications but the demand is huge. There’s a real shortage of certifiers and not enough new people joining the field.

Pay the loans off witht the biggest intrest

I also save for other important things. Each month, I set aside money for: Gifts (like Christmas and birthdays) Medical costs Pet care Vacations Car repairs Home repairs and household needs I save for all the things I know I'll need to pay for during the year. These are expenses...

So we have just one kid. My husband puts in $25 every two weeks. I do $35 every two weeks. Since we get paid on opposite weeks, it works out well. We’ve kept this up for about 2 and a half years now. I used to put in $50 every two weeks, but I had to lower it because of other bills. It’s been...

Yes, pay off that credit card. High interest debt grows fast. Next, ask your HR about a Dependent Care FSA. It’s a benefit that lets you est aside pre tax money for childcare. You pick an amount, and it comes out of your paycheck before taxes. That means you pay less in taxes. Every time you...

I owe $28k in credit card debt, and after consolidating, I'l owe $20k, including a $4k fee for the company. When I signed up, they showed me some solutions like taking a loan, debt consolidation, or bankruptcy . They asked me what I wanted to pay off faster, pay less, or something else. I...

It’s pretty common to see the same collection companies pop up regularly they often handle a large volume of accounts.

Could you get roommates to help with mortgage

I’m working with National Debt Relief. Their fees are pretty steep, but for me, the peace of mind is worth it.

That's awesome progress! Paying off smaller debts can really boost motivation. If I were in your shoes, I’d focus on clearing the car loan next getting rid of that monthly payment could be a huge motivator. Then, you could use that freed up cash to tackle other debts. Keep crushing it!

Hey there! Just wanted to share some exciting progress recently, we completed multiple balance tansfers on our Discover card, all with similar balances. The goal? To knock it all out in the next six months! Here’s the plan: Stay consistent: Keep those payments steady. Track...

Here’s a simple plan to tackle your debt: focus on needs over wants, and toss any extra cash toward your debt each paycheck. You’ve got this!

That is fantastic news!!! Super excited for you! Keep it up!

Put them in order of small to largest balance. Works wonders!

Hey! If you have closed accounts with agreements, keep up with the minimum payments. Any extra funds? Consider putting them towards your open accounts they’re still racking up interest. This strategy helps you manage both types of debt wisely.

Hey there! Welcome to the group! I’ve plugged your debts into a tool called moolahplan, and here’s the good news: if you stick to paying the minimums using the debt snowball method, you could be debt free by October 2030. Feel free to explore the tool once you create an account. You can...

We just went through this, and honestly, the interest savings alone made it worth it. Some of our credit cards had a whopping 24.9% interest rate crazy, right? Now, we’re still paying off the debt, but aat a much better rate. The best part? We freed up some extra cash and saved a ton on credit...

Start small save 10% or even 5% of your income. Here’s why: 1) You’ll practice living below your means, which helps you avoid debt and builds healthy financial habits over time. 2) Your savings will grow, and so will the interest you earn. Even a little progress adds up!

Here’s a breakdown of your plan to tackle debt and build savings: Monthly Breakdown: Credit Card Payment: $800 toward your credit cards. Savings: $174 set aside for those unexpected kiddo expenses. I’ve included a payoff schedule example for you to review. You’ll notice a larger payment...

Staying afloat and trying to keep paying down debt.

Here’s a smart way to approach your finances: Start by setting aside $1,000 in an emergency fund. This way, you’re covered for life’s unexpected moments without needing to rely on credit cards. ️ For the rest of your money: Pay off the smaller balance first to get that weight off your...