New bill would forgive medical school debt for COVID-19 health workers abcnews.go.com/US/bill-fo…
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πŸ“°︎ r/Coronavirus
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πŸ“…︎ May 06
🚨︎ report
Sanders says his supporters will vote for Biden but he needs to court them - Sanders: Biden should focus on student debt relief, health insurance coverage, a living wage, climate change and racism theguardian.com/us-news/2…
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πŸ‘€︎ u/OldFashionedJizz
πŸ“…︎ May 17
🚨︎ report
Stop thinking of your debt in terms of your yearly salary, think of it in terms of your salary after taxes and living expenses.

A friend of mine is $15,000 in credit card debt. She explained that it doesn’t seem like that much because she makes $85,000 per year. Upon further investigation we determined that at her current lifestyle, she is only left with $400 per month after tax, mortgage/rent, food, insurance, phone, gas, entertainment, clothing, etc etc. When we considered that of that $400, $238 would be interest (19%x $15,000/12), leaving only $122 left to go to principal payments, she was only paying down approximately $1,500 of that credit card debt per year (not including the fees she probably pays to get that lower credit card rate).

That means that in reality, my friends $85k salary amounted to net savings ability of $1,500per year with credit card debt of $15k, it would take something close to 10 years to pay down the debt (a little less due to compounding). This was an eye opener for my friend as she had no idea how long it would actually take to kill her debt even with a relatively high salary. Sh

... keep reading on reddit ➑

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πŸ“°︎ r/personalfinance
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πŸ‘€︎ u/schoolofhanda
πŸ“…︎ Jun 07
🚨︎ report
Biden releases plans to expand Medicare, forgive student debt thehill.com/homenews/camp…
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πŸ‘€︎ u/noarat
πŸ“…︎ Apr 09
🚨︎ report
40k in debt, Mom lives with me at 32 years old. Advice on how to move forward?

Sooner rather than later I'd love to be on my own as I've just turned 32. Here are a few of my current issues:

  1. Debt mentioned above. Student Debt and CC Debt over the years. Over usage, my own fault. Student Debt has only been paid via interest, haven't made a dent. CC Debt I was able to collaborate into one big monthly fee via my bank ($320+/month). Working out great.
  2. Mother does not work, but she does collect $1000 in Social Security every month. She's very healthy for her age luckily. I could have moved out on my own years ago, but we don't live in the best area and I would not be able to have the thoughts of her living situation in the back of my head all of the time.
  3. She's adamant on moving out of state (Sedona, AZ specifically). We live in PA atm. I'd like to support both of us so she wouldn't have to worry about anything. Easier said than done obviously.
  4. After Taxes, I make only around $32k/year ($21/hr, $2400/month)

Monthly Expenses

  • $900 - Rent/Wat
... keep reading on reddit ➑

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πŸ“°︎ r/personalfinance
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πŸ‘€︎ u/SiaonaraLoL
πŸ“…︎ Jun 01
🚨︎ report
I lost my college fund. Thought I could yolo to cover all 4 years. Looks like I’m going into another 6k in debt.
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πŸ“°︎ r/wallstreetbets
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πŸ‘€︎ u/lscsmasterrace
πŸ“…︎ Jun 10
🚨︎ report
New bill would forgive medical school debt for COVID-19 health workers abcnews.go.com/US/bill-fo…
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πŸ“°︎ r/UpliftingNews
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πŸ‘€︎ u/Tommy__Douglas
πŸ“…︎ May 06
🚨︎ report
Donald Trump is warning β€œChina will own the United States” if Joe Biden is elected president. But Trump himself is tens of millions of dollars in debt to China. politico.com/news/2020/04…
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πŸ‘€︎ u/imago_deo
πŸ“…︎ Apr 24
🚨︎ report
Of all the debts that people have, student loan debt is the one most related to lower life satisfaction, a study of 5,808 American adults finds. That is despite the fact that mortgages tend to comprise consumers’ largest debts, and credit card balances tend to have the highest interest rates. psycnet.apa.org/record/20…
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πŸ‘€︎ u/geoff199
πŸ“…︎ May 22
🚨︎ report
China suspends debt repayments for 77 developing countries and regions business.inquirer.net/299…
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πŸ“°︎ r/Economics
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πŸ‘€︎ u/mistermcsenpai
πŸ“…︎ Jun 08
🚨︎ report
Trump quietly vetoes measure that would have made it easier for defrauded students to obtain debt relief businessinsider.com/trump…
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πŸ“°︎ r/politics
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πŸ‘€︎ u/chrisdh79
πŸ“…︎ May 30
🚨︎ report
Sydney and Melbourne property prices could fall by 50 per cent as debt bubble set to burst, economist warns 7news.com.au/business/pro…
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πŸ“°︎ r/australia
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πŸ‘€︎ u/TraceyRobn
πŸ“…︎ May 18
🚨︎ report
[Rapoport] More good work: Saints star receiver Michael Thomas has partnered with RIP Medical Debt and has made a donation that will wipe out approximately $2.3M of medical debt for economically challenged families in the greater New Orleans area. twitter.com/RapSheet/stat…
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πŸ‘€︎ u/seakucumber
πŸ“…︎ Jun 08
🚨︎ report
Denmark, The Netherlands, Sweden & Austria rejects the EU common debt proposals from Merkel and Macron. They also reject expanding the EU budget for the years 2021-2027. politiken.dk/udland/art77…
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πŸ“…︎ May 19
🚨︎ report
Top Minds confuse kneeling as a sign of humility and respect with... kneeling at gunpoint? It's hard to keep the 'dems are Nazis' comparison going when you also have users saying the Nazis were right and blame Jewish immigrants for America's crippling debt, it's in the Bible, Google it!
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πŸ‘€︎ u/PorridgeCranium2
πŸ“…︎ Jun 09
🚨︎ report
I Graduated Today :D Over the past 3 years I've been working 3 jobs, and now can officially say I graduated with no college debt, got my first car, and have a fantastic software engineering job lined up! Never been this happy and proud before, thought it would be worth a post :)
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πŸ“°︎ r/trees
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πŸ“…︎ May 12
🚨︎ report
'It's absolutely a bad faith argument': AOC slams Republicans for invoking the $25 trillion federal debt as a reason to restrain government spending businessinsider.com/aoc-s…
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πŸ‘€︎ u/Sarbat_Khalsa
πŸ“…︎ May 13
🚨︎ report
Paid off all my debt today

I ((M22) manages to pay off all the credit card debt and last semester of college off today. My parents have never been able to financially help me out significantly so I am proud to say that I did this on my own and am very proud.

EDIT:

Hello guys wow I woke up today and read through all the comments and I really do appreciate all the kind words. I’ll delve a bit deeper into my situation because I do believe I am one of the lucky few mixed in with a bit of hard work. A real American story lol. My parents are first generation immigrants in this country so I do not blame them for their financial situation and we all learned of financial literacy together, in many ways I learned to appreciate the struggle because it gave me an important perspective to money from a young age. College debt is massive financial killer for so many young and old people here so I made a conscious decision to attend my city university where the tuition is pretty low in comparison to the rest of the country i

... keep reading on reddit ➑

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πŸ“°︎ r/offmychest
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πŸ‘€︎ u/superwaveybrazy
πŸ“…︎ Jun 03
🚨︎ report
'Beyond Predatory': Trump Treasury Department Gives Banks Green Light to Seize $1,200 Stimulus Checks to Pay Off Debts commondreams.org/news/202…
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πŸ‘€︎ u/jigsawmap
πŸ“…︎ Apr 14
🚨︎ report
California Gov. Newsom Signs Executive Order To Prevent Stimulus Money From Being Taken By Debt Collectors sacramento.cbslocal.com/2…
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πŸ‘€︎ u/HeinieKaboobler
πŸ“…︎ Apr 23
🚨︎ report
ROBODEBT: From July this year, Services Australia will refund all repayments made on debts raised wholly or partially using income averaging of ATO data. Refunds will also be made for any interest charges and/or recovery fees paid on related debts. twitter.com/tegangeorge/s…
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πŸ‘€︎ u/psylenced
πŸ“…︎ May 29
🚨︎ report
National Debt has Increased $5.2 Trillion During Trump's 3 Years as President newsweek.com/national-deb…
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πŸ“°︎ r/politics
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πŸ‘€︎ u/freddyjohnson
πŸ“…︎ May 14
🚨︎ report
Red Bull writes off 100 Million Euro debt for RB Leipzig rblive.de/vereinspolitik/…
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πŸ“°︎ r/soccer
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πŸ‘€︎ u/llendo
πŸ“…︎ Jun 06
🚨︎ report
@BarackObama has already added $5 Trillion to the national debt in less than 3 years. We must defeat him in 2012. #TimeToGetTough - 15 Nov 2011 twitter.com/realdonaldtru…
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πŸ‘€︎ u/NotFooledbyFools
πŸ“…︎ May 31
🚨︎ report
Joe biden unveils plan to forgive student debt and expand medicare eligibility as unemployment soars newsweek.com/joe-biden-un…
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πŸ“°︎ r/politics
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πŸ‘€︎ u/arghhharghhh
πŸ“…︎ Apr 15
🚨︎ report
Got screwed by an online university into a lifetime of debt and need help finding a way out

I got manipulated into attending the University of Phoenix when I first moved to the U.S and didn’t know much about colleges here, and they said they would accredit the undergrad degree I already had from my country, so I took the opportunity to pursue two masters with them. Little did I know this university was not credible and I’ve been trying to pay 100k in student loans for the past 8 years. I can’t land jobs that require degrees even with my masters that were supposed to be promising (MBA and MAED) since most people know the truth behind these for-profit schools and do not take them seriously. I am losing 10% of monthly income to loans, and my salary is already low. I recently heard about how UoP was sued for using misleading information to lure people into their school who don’t know better. These loans ruined my credit and my life has been hell trying to pay them off since moving to the U.S. I wanted to know if anyone could offer me any advice on paying this off since I heard th

... keep reading on reddit ➑

πŸ‘︎ 5k
πŸ“°︎ r/personalfinance
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πŸ‘€︎ u/eyeuhh
πŸ“…︎ May 10
🚨︎ report
House Democrats unveil bill to cancel $30,000 in student debt per borrower amid coronavirus finance.yahoo.com/amphtml…
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πŸ“°︎ r/politics
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πŸ‘€︎ u/TheGoodSquirt
πŸ“…︎ Mar 23
🚨︎ report
[US] Uncut Gems (2020). With his debts mounting and angry collectors closing in, a fast-talking New York City jeweler risks everything in hopes of staying afloat and alive. netflix.com/title/8099066…
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πŸ‘€︎ u/smoothiebrain
πŸ“…︎ May 25
🚨︎ report
Thoughts and decisions that led to debt free with paid off mortgage in early 30’s

My wife and I are early 30’s, have worked hard, caught good breaks, delayed gratification, and have paid off student loans and our mortgage. We are now debt free and own our home outright.

I realized if you want something different than everyone around you, you will have to do things differently. This may lead to people calling you frugal, or saying you shouldn’t pay off your mortgage.

Each choice I have made to attack debt or not take on new debt has led to the next, and once you pay off debt it impacts your decision making moving forward. You really don’t want to take on any more debt. It is too much work to pay it off to go through it again.

I realized after graduation that paying off my student debt in 3 years instead of 15-30 will save $100k +. Lifetime earnings are finite. I turned down my ego, moved in with my parents, worked and worked overtime and put everything I made towards my student loans for 3 years.

Sacrifice: living with parents for 3 years and driving a $3,500

... keep reading on reddit ➑

πŸ‘︎ 1k
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πŸ‘€︎ u/PxNxWx86
πŸ“…︎ Jun 01
🚨︎ report
Wisconsin hospitals suing patients over debt amid pandemic apnews.com/2761e976aaf045…
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πŸ“°︎ r/news
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πŸ‘€︎ u/auldlangy
πŸ“…︎ Apr 11
🚨︎ report
To put in 8 years of sweat, tears, debt, countless hours of standing in line, working 2 jobs to support my passion and dreams just to be wiped out in 30 minutes leaves me speechless(check comments for more detail)
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πŸ“°︎ r/nyc
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πŸ‘€︎ u/ithinkurcute2
πŸ“…︎ Jun 05
🚨︎ report
The Coronavirus Is Exposing Wall Street’s Reckless Gamble on Bad Debt newyorker.com/business/cu…
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πŸ“°︎ r/Economics
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πŸ‘€︎ u/zsreport
πŸ“…︎ May 24
🚨︎ report
"You shouldn't expect your government to do things for you" in regards to crippling student debt
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πŸ“°︎ r/ShitAmericansSay
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πŸ‘€︎ u/PayneBrah
πŸ“…︎ May 23
🚨︎ report
The hype for that game is bigger than my credit debt
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πŸ“°︎ r/memes
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πŸ‘€︎ u/Theo71-
πŸ“…︎ May 26
🚨︎ report
Amazon raised $10 billion in the bond markets, including $1 billion of debt yielding just 0.4% β€” reportedly the lowest rate in the history of US corporate bonds markets.businessinsider.c…
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πŸ“°︎ r/finance
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πŸ‘€︎ u/xarc13
πŸ“…︎ Jun 03
🚨︎ report
I don’t feel sympathy for people who go to elite private universities then complain about student loan debt

I see a lot of people who go to really competitive private schools that cost 70k+ per year but then complain about their debt afterwards. There are so many options to get a cheaper college education, and almost anyone who’s competitive enough to get into a T50 school can take advantage of them (except maybe international kids). There are state schools, community colleges, cheaper private schools, and other private schools that give general merit aid. When you make the conscious decision to go to a top private school that costs 70k a year (looking at you BU, NYU, UChicago, Ivies) and pass up the cheaper options, I don’t feel bad because that was a decision you made knowing the consequences.

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πŸ“°︎ r/unpopularopinion
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πŸ‘€︎ u/sph523
πŸ“…︎ Apr 07
🚨︎ report
Thanks to r/PersonalFinanceCanada, I am Debt Free Today.

Hi Reddit,

Really wanted to share this despite what's going on right now.

26/M Toronto, had $24,000 OSAP and $30,000 Car Loan in 2018, lived paycheck to paycheck, and evicted because my parents couldn't pay the mortgage.

I started budgeting and saving, work 2 jobs, and had to make a lot of sacrifices to make things work.

Today, I'm finally debt free and I can start building my Financial Freedom, all thanks to you.

Please share your success/progress stories to motivate others to start!

πŸ‘︎ 980
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πŸ‘€︎ u/eruptox7
πŸ“…︎ Jun 11
🚨︎ report
German Chancellor Angela Merkel seems to see the historical writing on the wall. Her agreement to a €500 billion European recovery fund suggests that the COVID-19 pandemic has done what recent debt, refugee, and foreign-policy crises could not: inaugurate a new phase of the European project. project-syndicate.org/com…
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πŸ“°︎ r/geopolitics
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πŸ‘€︎ u/Naurgul
πŸ“…︎ Jun 02
🚨︎ report
Consumer Debt Soars To $14.3 Trillionβ€”Now Higher Than 2008 Crisis forbes.com/sites/zackfrie…
πŸ‘︎ 706
πŸ“°︎ r/Economics
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πŸ‘€︎ u/bobbyw24
πŸ“…︎ Jun 08
🚨︎ report
Eight years ago I was an alcoholic, in $10k credit card debt. Today I’m 8 years sober and just put a down payment on a house.

Just the title, it’s been a journey.

Edit: thanks everyone, what a positive community.

πŸ‘︎ 3k
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πŸ‘€︎ u/fishboy3339
πŸ“…︎ Jun 11
🚨︎ report
A relative makes about $35k per year and is about $40k in credit card debt.

A couple of years ago one of my relatives thought he had cancer and instead of going to see a doctor he ran up every credit card he could get approved for and was then diagnosed with something pretty easily treatable. At least that's what he claims. I think it was something else, but either way, here we are. He's about $40k in the hole. Most of these debts are credit card related, with a healthy sprinkling of medical and tax debt. He only makes in the $35k ballpark per year. Has zero assets.

I think the obvious option is to hunker down, get multiple jobs, and live under a rock when not working. The problem is that he is struggling to pay it off but interest is just killing him. Are there any other options here? I keep hearing that bankruptcy might be an option. I know less than Michael Scott about bankruptcy. I have suggested he got to a bank and try to get a debt consolidation loan. He says he has tried but his credit is too far gone for that.

Any suggestions here? Has anyone been

... keep reading on reddit ➑

πŸ‘︎ 928
πŸ“°︎ r/personalfinance
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πŸ‘€︎ u/BG1234567
πŸ“…︎ May 26
🚨︎ report
To put in 8 years of sweat, tears, debt, countless hours of standing in line, working 2 jobs to support my passion and dreams just to be wiped out in 30 minutes leaves me speechless(check comments for more detail)
πŸ‘︎ 633
πŸ“°︎ r/aznidentity
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πŸ‘€︎ u/isabellapintop
πŸ“…︎ Jun 05
🚨︎ report
Whatever happened to the debt ceiling?

Remember the Republicans shut down the government over an imaginary debt ceiling they just drew on the wall? They literally stopped governing over it. We're $25T in the red now, several times bigger in debt.

https://money.cnn.com/2013/01/23/news/economy/debt-ceiling-house-republicans/index.html

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πŸ“°︎ r/StockMarket
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πŸ“…︎ Jun 07
🚨︎ report
'People are drowning in debt' - crackdown on loan sharks welcomed rnz.co.nz/news/ldr/418394…
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πŸ“°︎ r/newzealand
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πŸ‘€︎ u/jobbybob
πŸ“…︎ Jun 05
🚨︎ report
Crippling depression and debt.
πŸ‘︎ 6k
πŸ“°︎ r/memes
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πŸ‘€︎ u/Ten-The-master
πŸ“…︎ Jun 11
🚨︎ report
TIL in 2016 a man named Joshua won an entire resort located on the Micronesian island of Kosrae in a raffle he paid $65 to enter. When he won it, the resort was free of debt, profitable and had more than 20 years remaining on its lease. abc.net.au/news/2016-07-2…
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πŸ“°︎ r/todayilearned
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πŸ‘€︎ u/SwaftBelic
πŸ“…︎ Apr 16
🚨︎ report
Just broke 400k student loan debt!

Kill me.

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πŸ“°︎ r/Residency
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πŸ‘€︎ u/Xenowolverine
πŸ“…︎ Jun 03
🚨︎ report
Debt will soar: the government must just stay cool and focus on growth; Some in the Treasury are panicking about a debt pile set to hit 115% of GDP, but the chancellor – and most economists – agree that austerity is not the answer theguardian.com/business/…
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πŸ“°︎ r/ukpolitics
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πŸ“…︎ May 17
🚨︎ report
How to Encourage an Ostrich to pay its debts imgur.com/hc00mlw
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πŸ“°︎ r/disneyvacation
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πŸ‘€︎ u/echophantom
πŸ“…︎ May 24
🚨︎ report
This woman constantly begs and complains on Facebook for a job. She is constantly complaining about how much debt she is in and how no employer will get back to her about a job. We use to go to school together so I thought I’d help her out
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πŸ“°︎ r/ChoosingBeggars
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πŸ‘€︎ u/BOOOTYEATER3000
πŸ“…︎ May 03
🚨︎ report
China suspends debt repayment for 77 developing countries thestar.com.my/aseanplus/…
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πŸ“°︎ r/worldnews
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πŸ‘€︎ u/BashirManit
πŸ“…︎ Jun 08
🚨︎ report
History of the U.S Debt Clock (2020) - The Story behind how the debt clock was invented youtu.be/kdpG-pqkScc
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πŸ“°︎ r/Documentaries
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πŸ‘€︎ u/IceHistory0
πŸ“…︎ May 01
🚨︎ report
Debt free

I used to struggle with drugs which took me down a path of partying and blowing away my money. I eventually took out a few credit lines and blew it all, about 40k plus credit card debt another 25k. I got anxiety looking at my bank account. I felt embarrassed to tell anyone the truth.

I started reading this subreddit. I read about people working on their spending, slowly chipping away at their debt. I read about people posting they are debt free. I read about people investing. I read about people putting their lives together. This encouraged me to do the same.

I slowly started paying off my debt. Found new healthy hobbies with sports/exercise. 4 years later I am completely debt free, everything I save now will be to invest.

Thank you to all the people that posted about working on their debt and letting me know I am not alone, this really encouraged me and got me going.

To anyone out there who is reading this and scared, you can do it. The hardest part is just starting. If you need e

... keep reading on reddit ➑

πŸ‘︎ 1k
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πŸ‘€︎ u/j2322ali
πŸ“…︎ Jun 05
🚨︎ report
Hi I’m Scott Adkins star of DEBT COLLECTORS, out now on VOD οΌ† all digital platforms. AMA!

Hi Reddit, I'm Scott Adkins and I pretend to kick people in the face for a living. I've starred in films such as The Expendables 2, Doctor Strange, Avengement and the Undisputed franchise. My new movie, Debt Collectors is OUT NOW. Ready to answer any of your questions.

LINK TO FILM: http://www.samuelgoldwynfilms.com/debt-collectors/

Proof: https://i.redd.it/qqcj99q3kp351.jpg

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πŸ“°︎ r/movies
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πŸ“…︎ Jun 10
🚨︎ report
Covid-19: Leading economist warns of 10 years depression and debt rnz.co.nz/news/world/4173…
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πŸ“°︎ r/collapse
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πŸ‘€︎ u/unnamed887
πŸ“…︎ May 23
🚨︎ report
Consume debt
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πŸ“°︎ r/ConsumeProduct
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πŸ‘€︎ u/jimfromhalifax
πŸ“…︎ May 13
🚨︎ report
Cincinnati church wipes out $46.5 million in medical debt for 45,000 families fox4news.com/news/cincinn…
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πŸ“°︎ r/news
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πŸ‘€︎ u/Wizzmer
πŸ“…︎ Feb 28
🚨︎ report
Half of Canadians say they are on brink of insolvency as Coronavirus threatens to burst country’s consumer debt bubble

https://business.financialpost.com/personal-finance/debt/half-of-canadians-say-they-are-on-brink-of-insolvency-as-coronavirus-threatens-to-burst-countrys-consumer-debt-bubble

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πŸ‘€︎ u/TobiasFunke9
πŸ“…︎ May 20
🚨︎ report
Robodebt: total value of unlawful debts issued under Centrelink scheme to exceed $1bn theguardian.com/australia…
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πŸ“°︎ r/australia
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πŸ‘€︎ u/psylenced
πŸ“…︎ Jun 10
🚨︎ report
Wages Seized. Bank Accounts Frozen. The Poor Are Getting Poorer as Creditors Pursue Debts time.com/5830744/debt-cor…
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πŸ“°︎ r/politics
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πŸ‘€︎ u/mynameisalex1
πŸ“…︎ May 02
🚨︎ report
Cuomo should make marijuana recreational especially if the state is in debt during this pandemic. google.com/amp/s/patch.co…
πŸ‘︎ 2k
πŸ“°︎ r/nyc
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πŸ‘€︎ u/SavagePimp25
πŸ“…︎ May 14
🚨︎ report
Who's got two thumbs and, as of 10 minutes ago, became completely debt free after more than 15... This guy right here. Last year was shit (health and financially) and I've got kidney transplant on my near horizon, but right now..... I feel good...
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πŸ“°︎ r/happy
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πŸ‘€︎ u/thefreakychild
πŸ“…︎ May 26
🚨︎ report
AITA for telling my wife she can’t have her dream job because I refuse to be burdened with all of her student debt?

Throwaway.

My wife and I married young, at 23, and now at 27 she’s about to graduate from law school. The issue is she has a ton of student debt, around 195k from both undergrad and now law school.

But over the past year she’s completely changed her mind about law and becoming a lawyer. She now wants to teach and do Teach For America after graduating. She told me this past week. We’ve talked about this at length and she wants to do this because it’s her new dream job (previously it was law).

I’m upset because if she teaches her starting salary will barely clear 35k in the first few years and we live in a really, really expensive city. She has no intention of going back into law later as well as she says law school was a mistake.

Last night we were talking about the future and she mentioned our plans to have kids in a few years and how she’d like to be a stay at home mom in a few years as well. I looked at her and asked how she thinks we’re going to afford that when we’ve got near

... keep reading on reddit ➑

πŸ‘︎ 19k
πŸ“°︎ r/AmItheAsshole
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πŸ‘€︎ u/Userthrowaway62
πŸ“…︎ Mar 15
🚨︎ report
I am out of credit card debt! I made some terrible financial choices over the past year or so but I’ve cut spending and now I only need to pay off my student loans!!

See title

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πŸ“°︎ r/offmychest
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πŸ‘€︎ u/cheeseenthusiast2
πŸ“…︎ Jun 04
🚨︎ report
Oregon governor issues order to prevent debt collectors from seizing stimulus checks thehill.com/homenews/stat…
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πŸ“°︎ r/Coronavirus
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πŸ“…︎ Apr 18
🚨︎ report
Trump will borrow whopping $4.4 trillion this year. That’s $50,000 per family of four. But the same family will get only $1,200! Almost all the new debt goes to bailout corporations, banks & Wall Street home.treasury.gov/news/pr…
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πŸ“°︎ r/economy
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πŸ‘€︎ u/wakeup2019
πŸ“…︎ May 04
🚨︎ report
Loan debt
πŸ‘︎ 10k
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πŸ‘€︎ u/Gumus33
πŸ“…︎ Apr 30
🚨︎ report
This millennial's travel addiction was forced to hold, but she still has $20k in debt and no desire to stop the vacations
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πŸ‘€︎ u/ParkAndDork
πŸ“…︎ Jun 10
🚨︎ report
Should I use my savings of $6000 to pay off a 6.9% note of $5800 (about $250 a month) and then be debt free?

Things are tight and I could use the 250 a month on other things but worry about a nest egg.

Takes about me about a year to save $2000 (assuming nothing happens).

I could lower the insurance if I owned it free and clear.

Any other suggestions or things I'm not considering, would really appreciated it.

edit:

Thank you all for the responses! So many ideas and guidance I hadn't thought of, I'm reading everything, you all are great!

edit again:

credit 720

job secure for a year at least

A contributor pointed out that we are in pandemic and with oil and food going wacko, suggested I hold onto my reserves for a while just to see whats going to happen.

edit #3
Based on all the advice given here, I think I'm going to wait for about 3 months and see what happens with the economy. Then if everything is still functioning, will do a double payment to end the debt early, thereby keeping my reserves *(for if the roof leaks, water heater breaks or furnace

... keep reading on reddit ➑

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πŸ“°︎ r/personalfinance
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πŸ“…︎ Apr 26
🚨︎ report
I wish that a thief would inherit the debts of the person they stole from.
πŸ‘︎ 6k
πŸ“°︎ r/TheMonkeysPaw
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πŸ‘€︎ u/M-b0p
πŸ“…︎ May 15
🚨︎ report
To everyone who has NOT paid off their CC debt: you are not alone.
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πŸ“°︎ r/povertyfinance
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πŸ‘€︎ u/lumpyspacesam
πŸ“…︎ Jun 07
🚨︎ report
China suspends debt repayments for 77 developing countries, regions, senior official says business.inquirer.net/299…
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πŸ“°︎ r/anime_titties
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πŸ“…︎ Jun 11
🚨︎ report
TIL that Charles β€œPretty Boy” Floyd, a Great Depression-era gangster and notorious bank robber, endeared himself to the public by destroying mortgage papers at the banks he robbed, freeing many from their debts. biography.com/crime-figur…
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πŸ“°︎ r/todayilearned
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πŸ“…︎ Mar 13
🚨︎ report
New bill would forgive medical school debt for COVID-19 health workers abcnews.go.com/US/bill-fo…
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πŸ“°︎ r/medicine
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πŸ‘€︎ u/dolderer
πŸ“…︎ May 06
🚨︎ report
Still employed, but literally never had this much money with no debt. It feels very unearned. Anyone else in a similar situation? Is there something I should be doing?
πŸ‘︎ 3k
πŸ“°︎ r/povertyfinance
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πŸ‘€︎ u/JAB0NK0
πŸ“…︎ May 01
🚨︎ report
19 years old and already in massive debt for a music degree, toast me motherfuckers
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πŸ“°︎ r/RoastMe
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πŸ‘€︎ u/astropiano
πŸ“…︎ Jun 08
🚨︎ report
China under pressure to write off loans as countries struggle to repay debt during coronavirus crisis cnbc.com/2020/05/11/belt-…
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πŸ“°︎ r/worldnews
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πŸ‘€︎ u/ohnoh18
πŸ“…︎ May 11
🚨︎ report
For those of you that have paid off your debt, what have you done with all your extra money each month? Still staying Frugal?

I'm $30K in debt and it will be around 15 more months before I'm debt free. I get stressed out about it so I like to play a game where imagine what I would do with my monthly income if I wasn't in debt. I think I would still remain frugal, probably save most of the money but focus on getting back to travelling the world. What about you guys? Does your mindset change once that debt is gone?

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πŸ“°︎ r/Frugal
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πŸ‘€︎ u/quickslic0
πŸ“…︎ Jun 10
🚨︎ report
76 Years and we are forever in debt
πŸ‘︎ 5k
πŸ“°︎ r/HistoryMemes
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πŸ‘€︎ u/table122
πŸ“…︎ Jun 06
🚨︎ report
Uncut Gems: With his debts mounting and angry collectors closing in, a fast-talking New York City jeweler risks everything in hopes of staying afloat and alive netflix.com/title/8099066…
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πŸ“°︎ r/bestofnetflix
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πŸ‘€︎ u/bjkman
πŸ“…︎ May 25
🚨︎ report
The U.S. Was Already Deep In Debt. This Year's Deficit Will Be 'Mind-Boggling' npr.org/2020/03/30/821360…
πŸ‘︎ 12k
πŸ“°︎ r/Economics
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πŸ‘€︎ u/viva_la_vinyl
πŸ“…︎ Mar 31
🚨︎ report
Will our HECS debts seriously be indexed by 2.20% this financial year?

As I understand, HECS Debts were indexed at a rate of 1.80% last financial year. Inflation has since risen to 2.20%.

It is so absurd that we are told not to be concerned about our student debts growing, whilst the interest they are now subject to is almost as high as a god damned mortgage.

This isn’t as much to worry about for people with smaller HECS liability, but for people such as myself with higher HECS ($90k~ after postgrad), it is virtually impossible to make a dent with a graduate salary. In many cases it will grow at a greater rate than it is paid off.

And before anyone uses the β€œits not really growing, because everything is inflating by 2.20%!” line, i would encourage you to take a look at our country’s wage growth. Both where it is now, and where its forecast to be in the years ahead. For this increase to be fair, wage growth would need to be in line with inflation, and it absolutely is not.

Absolutely cooked. As an employed masters grad in this country, i 100% wish I di

... keep reading on reddit ➑

πŸ‘︎ 500
πŸ“°︎ r/AusFinance
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πŸ‘€︎ u/fishinglvl
πŸ“…︎ May 15
🚨︎ report
[D] What's your plan to manage technical debt in ML development?

Hi everyone

I've been working as a Software Engineer turned ML Engineer for a few years now. I have spoken to many young people in the ML community who are unaware of what technical debt is and how it can be dealt with in a production setting. I have a feeling that there are many talented data scienctists out there who are simply not taught how to use tried-and-tested software engineering practices, either at university or in online courses like Coursera and Udacity. This leads to scattered scripts, notebooks and glue-code in the exploration phase which requires effort in the time of weeks to get into production and/or automate.

I put down my thoughts on the matter, with some practical advice on how teams can avoid accumulation of technical debt as they productionalize their ML pipelines. I'd like to know if this resonates with you, and what your ML teams plan is to balance "proper coding" against quick dirty model iterations. Cheers!

https://blog.maiot.io/technical_debt/

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πŸ“°︎ r/MachineLearning
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πŸ‘€︎ u/maiot_io
πŸ“…︎ Jun 09
🚨︎ report
Senate Democrats propose canceling $10,000 in student debt for all borrowers amid coronavirus cnbc.com/2020/03/19/democ…
πŸ‘︎ 18k
πŸ“°︎ r/Coronavirus
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πŸ‘€︎ u/AmericanBornChink
πŸ“…︎ Mar 19
🚨︎ report
Cautionary Tale: T-15, Mediocre Background, No Job, No Girlfriend, Mounds of debt

Guys,

I just need to get this off my chest because I don't really have many options to turn to. I'll be upfront: this is my fault. But I really don't want any of you guys/girls to make the same mistakes I did.

I went to b-school at a top 15 school, coming from an operations background. It was a niche industry and I wanted to learn more about what the world had to offer. Before business school I went with a beautiful girlfriend who is super smart, but we knew we were going to do a little bit of long distance. I got sold from admissions that my life was going to change dramatically after school, that we are all the next thing since slice bread, we're all very ambitious and going to make a lot of money, and we could do whatever we wanted.

Well here's the first thing I did wrong: I did not do on campus recruiting. After learning what investment banking actually was in November, I was told over and over again from career services that I could not do an IB internship because it was too la

... keep reading on reddit ➑

πŸ‘︎ 144
πŸ“°︎ r/MBA
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πŸ‘€︎ u/cautionaryMBAtale
πŸ“…︎ Jun 07
🚨︎ report
Hello! Just wanted to share one of my recent accomplishments, I have had this credit card since 2014 and was $3,300 in debt. Six years later and it is finally paid off. I was young and dumb! But I truly learned a lesson!
πŸ‘︎ 2k
πŸ“°︎ r/povertyfinance
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πŸ‘€︎ u/Juju_Bees23
πŸ“…︎ May 23
🚨︎ report
Just found a 2 year old debt that has gone to collections. What can I do?

I just checked my credit report because my husband and I are talking about buying a house. When I checked my score it was down around 35 points. I checked further and found that there were 2 medical bills from over 2.5 years ago that had gone to collections.

The weird part is I have no memory or record of those medical bills. I had one bill from that hospital and I paid it. I have been called by the collection company before, but I honestly blew it off because I always pay my bills on time and I thought it was a scam. The collection company never sent me any written notice of debt and I don't think I received any bills from this hospital for these amounts. Also the bills are from dates I was not at the hospital and for nice round amounts, which rarely happens with medical bills in my experience.

I am not sure what to do. I have looked online and on the wiki, but I am still so confused. Because the debt is so old, I don't know what rights I have or if I can dispute it. I really want

... keep reading on reddit ➑

πŸ‘︎ 986
πŸ“°︎ r/personalfinance
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πŸ“…︎ May 25
🚨︎ report
Goodsprings owes Obsidian a debt
πŸ‘︎ 2k
πŸ“°︎ r/falloutnewvegas
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πŸ‘€︎ u/TheCheerfulCynic
πŸ“…︎ Jun 04
🚨︎ report
Bernie Sanders is about 150 delegates behind. There are still over 2,000 delegates on the table. Do you want Medicare For All? Do you want to cancel student debt? Legalize marijuana? Joe Biden opposes ALL of these. Stand up and fight for Bernie Sanders! We can win this! secure.actblue.com/donate…
πŸ‘︎ 55k
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πŸ‘€︎ u/kevinmrr
πŸ“…︎ Mar 12
🚨︎ report
"So you have chosen debt."
πŸ‘︎ 4k
πŸ“°︎ r/bertstrips
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πŸ“…︎ May 21
🚨︎ report
Robo-dead: The PM imposed an illegal β€˜debt’ collection scheme on Australia’s most vulnerable themonthly.com.au/today/p…
πŸ‘︎ 595
πŸ“°︎ r/australia
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πŸ‘€︎ u/r1nce
πŸ“…︎ Jun 01
🚨︎ report
[23] I think i'm handsome, i make TikToks and i'm finishing up a useless bachelor's degree which leaves me with no job and a lot of debt. Attempt to roast me.
πŸ‘︎ 222
πŸ“°︎ r/RoastMe
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πŸ‘€︎ u/Roastmecrazy
πŸ“…︎ May 16
🚨︎ report
Hertz is going to issue shares to wipe out debt

Congratulations baggies for buying a bankrupt company. Hertz is now asking court’s permission to issue more shares as that’s essentially free money now that all retail fools are buying it.

Source : https://twitter.com/teslacharts/status/1271205620482478081?s=21

DONT LET IT HAPPEN . It’s a massive pump and dump to wipe out debt via RH/WSB baggies who are gambling stimulus money.

TL;DR

  1. Hertz gonna issue shares that baggies will buy. Stonk up
  2. Debtor’s will dump and get paid. They still own the company
  3. RH baggies get screwed

DONT LET IT HAPPEN . Show them who we are. WE. ARE. WSB. Short it. Buy puts. Buy some other stonk.

EDIT : Moar proof of blatant bag unloading on poor suckers. https://twitter.com/teslacharts/status/1271227084606713857?s=21

EDIT 2: ZeroHedge wrote and article with more details. Damn these crooks ! https://www.zerohedge.com/markets/most-absurd-moment-history-capital-markets-hertz-plans-sell-1-billion-new-bankrupt-stock

πŸ‘︎ 197
πŸ“°︎ r/wallstreetbets
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πŸ‘€︎ u/seceng123
πŸ“…︎ Jun 11
🚨︎ report
β€˜We are risking our lives’: support grows to cancel student nurses’ debt theguardian.com/education…
πŸ‘︎ 7k
πŸ“°︎ r/Coronavirus
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πŸ‘€︎ u/Scbadiver
πŸ“…︎ Apr 21
🚨︎ report
Other people would go into medical debt, get a sponsor, or find residential program β€œscholarships” if they really want to get better instead of begging for money for β€œyums” for weeks and then asking for $30k πŸ˜’
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πŸ“…︎ Jun 08
🚨︎ report
Saddled with huge debt? Form a debt collection company, buy your own debt for "pennies on the dollar", then settle with yourself to pay the entire amount owed for $1
πŸ‘︎ 4k
πŸ“°︎ r/CrazyIdeas
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πŸ‘€︎ u/thenewyorkgod
πŸ“…︎ May 04
🚨︎ report
Coronavirus: Leading economist warns of 10 years of depression and debt bbc.com/news/business-527…
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πŸ‘€︎ u/AndrewHeard
πŸ“…︎ May 26
🚨︎ report

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