Throwaway for obvious reasons.
Me(32) and my girlfriend(29) are living together for a year and going out for two. I make about 1.5 times the amount she makes and split all our bills including rent 60-40. She has a huge student loan in low six digits. So here's the incident. Yesterday, she came up to me and asked why I was not helping pay off her student loan.I asked her whether she wants me to help plan her budget or is she expecting me to help pay of her loan. she said it was the latter. I told her I am not willing to join finances as long as we are not married. But she retorted that I have more than enough in my savings and it's unfair that I am not helping her pay off her student loan. So, I asked her if she was expecting me to take my savings and completely pay off her loan. She nodded and I started laughing uncontrollably. She got upset and has informed most of her friends and they have been calling me an asshole as I am not helping her. I would have been fine if she had asked... keep reading on reddit ➡
Was 90k in debt, and am just shy of 33 years old. I've been living with my parents for so long that I don't even feel like an adult anymore.
At least that chapter's over with though.
I got into my dream school with a decent scholarship a couple weeks after the stock market crashed in 2008. My parents had saved diligently for myself and my twin sister in a 529 account, but we saw that get cut in half overnight. Despite all that, my mom told me to pick the school that would work best for me and to not worry about the cost because "we'd figure out a way to make it work". I applied for hundreds of external scholarships, but didn't get any. So, I chose my expensive private dream school, signed my life away to Sallie Mae (the solution to pay for it after my savings was exhausted, which I didn't know in advance), and started college in fall of 2009.
I was lucky to graduate with a good job thanks to the school's incredible co-op program, but also saddled with $120k worth of loans ($30k federal, the rest private). I met my amazing husband while there, and he was in the same boat. Together, we make a pretty decent living, but we currently owe more on our student loans than... keep reading on reddit ➡
The loan applications were April 8th. After 4 or 5 applications, The car dealership kept saying because of my credit I was being declined, but I did a lot of research and found loans 3-4% lower the rates they offer. But relunctantly, I took it (longer story). A week later I get the declines in the mail with the explanations and the only bullet point is that the vehicle isn't eligible for that type loan. It's a 2016 Ford Transit Connect. I ended up shredding them thinking they weren't relevant and I would never deal with them again. Last week, only 1400 miles later, the wheel fell off while driving and they are jerking me around to repair it under warranty.
How long does a bank keep a rejected application on file? If I called their customer service, would they send me another copy of the rejection letter stating reasons for decline? Now that the dealership has proven they're shady all around, should I try to pursue getting documentation and filing a complaint with Consumer Protection,... keep reading on reddit ➡
Millions of people are behind on their credit-card and auto-loan payments, the latest sign of the coronavirus pandemic’s financial devastation.
Lenders in April had nearly 15 million credit cards in “financial hardship” programs, such as deferral programs that let borrowers temporarily stop making payments, according to estimates by credit-reporting firm TransUnion. That accounts for about 3% of the credit-card accounts the company tracks, TransUnion said Wednesday.
Nearly three million auto loans were in these hardship programs, accounting for about 3.5% of those tracked.
The numbers have surged from a year ago, when 0.03% of credit cards and about 0.5% of auto loans were in financial-hardship programs.
The spike in unemployment caused by the coronavirus has strained people’s ability to make their monthly debt payments. To make matters worse, Americans were tapping credit cards and auto loans at record levels even before the pandemic to deal with rising costs and stagna... keep reading on reddit ➡
Hi there - Basically I've been called a selfish asshole by my whole family. I can be a bit direct sometimes and I want to know if I've crossed the line.
I've been out of college for 3 years now with a computer science degree. I was an excellent student, worked hard, and with some networking I was able to get a 100k job straight out the door. After a few negotiations and moves, and generally being good at my job, I've managed to work my way up to 200k.
I have a financial dream, FIRE (financial independence retire early), and one of the key components is generating passive income. I'm planning for this through property investments and I'm hoping I'll be able to start my own business (no one ever got truly rich working for someone else!). There are sacrifices though, I'm incredibly frugal, I don't spend money on eating out, I have a cheap car, my main entertainment is video games etc. One big thing I need to do is pay back my student loan, paying that interest is money for nothing.... keep reading on reddit ➡
Many years ago, my SO and i decided to get married. We discussed this with our parents who made the decision to each gift us $7,500 for a total of $15,000 to pay for the wedding. Sweet, we thought.
Well, it turned into a nightmare. Suddenly JNMil wanted to dictate everything, from the guest list, wedding dress, costumes, venue, everything. More than once my SO would be in literal tears about it. JNMil would continually say, "I paid for this wedding. I should have a say."
Eventually fed up, when she came over with another list of demands I said, "JNMil, was that money a gift or a loan? If was a loan, I will write you a check right now, but understand that you will no longer be welcome at the wedding. If it was a gift, then I'll kindly ask you to shut the fuck up about it from now on. Either way, you do not get to dictate our wedding plans."
So, she got upset, "I'm only trying to help."
Me: "Well, you aren't. So stop it."
Her: "If you don't want my help, maybe I won't com... keep reading on reddit ➡
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.
I’ll keep this as short as possible. This is for my wife. State is California.
My wife works for an doctors office that decided to shut down in March. In may opened up to half the open hours with only one person out of three to be staffing the business. Yesterday they conference called and everyone voiced that would want to return full time again because then they lose unemployment. The owner says they have to open up at 75% staffing hours for a small business loan requirement.
Today the owner decided to only staff one person for two days a week for 8 hours a piece. Owner is requesting that everyone email her why they cannot work full time. But when my wife questioned why she wanted us to lie and email her. And saying wouldn’t this remove our eligibility for unemployment benefits.
Owner responded saying yes and that she’s had enough of my wife’s bad attitude and questioning every decision she makes and if she decides to not show up she will take that as a resignation. My wife ha... keep reading on reddit ➡
Would things be as bad right now downtown? We have a generation of disenfranchised youth. These gen z / millennials are angry. They have been ignored and have had their futures taken away from them and they get called lazy whenever they point this out. They watched as the majority of $2 trillion dollar stimulus was given to big corporations. The second time in the past 12 years a massive chunk of taxpayer money was poured to corporations. These people throwing bricks, do you think they come from some good financial situations and lives? Youd think they'd be doing this if they had the ability to pay mortgage and had a car? Or if the median income could cover average cost of living with more than a sliver of a margin? This isnt to excuse their actions, I hate that they are doing this. But dont get it twisted, there's a lot going on right now creating the tension. Mr. George Floyd's, god bless his soul, I believe he was the straw that broke the camel's back.
The national guard isnt what... keep reading on reddit ➡
Polish has alot of loan-words, but I just realised yesterday that our noun for a gown "Szlafrok" means "Sleeping dress" in German and comes from the German word "Schlafrock".
The worst part? I did German language for 3 years :|
How about you guys? What are some surprising but obviously loaned words in your languages?
The CEO of Magic Johnson Enterprises collaborated with MBE Capital Partners to offer $100 million in loans to minority- and women-owned companies hurt by stay-at-home orders due to Covid-19. The loans were funded through Johnson's EquiTrust Life Insurance Company and will be provided through the Small Business Administration's Paycheck Protection Program.
"We have to remember that these businesses have been in urban communities for a long time," Johnson said. "They've been doing great things, and they probably didn't have a relationship with the banks when the stimulus package went out. So now, we're able to say, 'Hey, you can have a relationship with us.'"
They actually gave this advice on a webinar today. So much for using money from loans to pay for food and shelter ¯_(ツ)_/¯
International student here. I wanted to get an MBA in the US. Enrolled at Emory University’s 2 year MBA program. With little to no savings of my own, I had to rely on loans to pay for tuition and living expenses during my two years in school in Atlanta. Thanks to some scholarship, I was able to keep my debt under $100K. (Check out the tuition and fees if you are unaware of MBA costs in the US). Now the good thing is that I got a high paying job out of school, and was determined to pay off loan quickly as possible.
Some tips for anyone looking for tips on paying down an apparently insurmountable loan:
There are just two ways you can kill it - get a Lower interest rate, or make extra payments (or both). You can rely on loan forgiveness etc, but I don’t know what’s the probability of that happening. I’d have gotten a lower interest rate loan if I could, but there’s not many refinancing options for international students.
A Few Tips:
I am 18 and I will be attending college as a freshman in the fall My parents tell me that I qualify for a $1000 loan in their name for school. They are telling me that they want to use this money to pay off their own rent instead of me using it for my own education. Isn't this illegal? The loan is meant to be for school. I don't have a bank account because they are withholding my birth certificate and social security card so the loan can't be in my name, and only theirs. Would it be fraud if they got a loan intended to pay for their children's education and just used it on themself?
Edit: I am currently in New Jersey and I will be attending college in New York for my first year.
I've been watching e-tran. Yesterday approval totals were 42,146. Today they stand at 46,737. Big jump from only less than 100 a day prior.
Edit: 79,377 approvals as of 5/9 11am est
The Duterte Administration's short timeline of COVID-19 related loans
[May 29, 2020 - World Bank approves new $500 million loan](https://business.mb.com.ph/2020/05/... keep reading on reddit ➡
Really new to Reddit. I've posted this before on Personal Finance, but the post got removed, so maybe this is a better place to get advice on this issue.
My parents have 2 mortgages, one is theirs in a different city where they live with my multiple younger siblings (4, tweens and teenagers). The other mortgage is for my house, where my name and theirs is on the title. My parents bought me a car when I was in high school and paid it off years ago when I just started university. The vehicle is owned by them, but it is registered and insured under my name. I pay all insurance, maintenance fees and gas for the vehicle. I also pay for all of the expenses such as utility bills, mortgage, insurance, security, etc. associated with my house (owned by me and my parents).
I live with and share expenses with my partner. We both recently graduated, and just got jobs a few months ago. We both have student loans. Unfortunately, I was temporarily laid off due to COVID-19. My partner works from home... keep reading on reddit ➡