Archive for the 'Debt' Category

How can I dig myself out of this credit card hole?

Given the current economy, would doing a “charge-off” on my credit cards be a reasonable option, and how would I go about doing it for my biggest benefit? Many years ago I had a college credit card that I couldn’t afford to pay off. I finally asked about a charge-off on it; about 80% […]

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My Life Needs a Reboot. Advice for the lost?

My life is a mess. I’m in debt over my head, without a steady income, and in the midst of a personal crisis. What can I do to get back on my feet and get some direction in life? I don’t even really know where to start, but here goes. I am a guy in […]

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To Ph.D., or not to Ph.D? That is the question.

Should I get a Ph.D.? So I’m about to graduate from a top-25 law school. I’ve got a respectable but not stellar GPA (the school doesn’t rank). I spent my last two summers working for a U.S. Attorney’s Office and the Federal Communications Commission. Yay me.
Except that I don’t have a job yet, and […]

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Garnished wages can we still settle the debt?

My Mom’s wages are being garnished by a collection agency. Can we still settle the debt? How much do we offer and where do we get the money? My mother’s Ford Fiesta bit the dust a month ago and she needed to get a new car. Her hours have recently been cut at her old […]

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Has my student debt condemned me to a life of mediocrity?

Due to a breakdown in negotiations, I have $30,000 more student debt than I thought, leaving me with $35k. I live very, very simply, and after college I wanted to go travel the world for a few years and not worry about a career or marriage or consumer debt. Am I totally, completely screwed into […]

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Is my debt going to ruin my parents’ credit?

How will a line of credit that my parents cosigned affect my ability to enter into a debt repayment plan through credit counseling? I’ve reached a breaking point and I need some help figuring out how I’m going to deal with my debt. I already plan to speak to a credit counseling service and […]

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Is my debt going to ruin my parents’ credit?

How will a line of credit that my parents cosigned affect my ability to enter into a debt repayment plan through credit counseling? I’ve reached a breaking point and I need some help figuring out how I’m going to deal with my debt. I already plan to speak to a credit counseling service and […]

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Is my debt going to ruin my parents’ credit?

How will a line of credit that my parents cosigned affect my ability to enter into a debt repayment plan through credit counseling? I’ve reached a breaking point and I need some help figuring out how I’m going to deal with my debt. I already plan to speak to a credit counseling service and […]

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Name That Loan Company

Help name my friend’s finance business! Name my friend’s finance business!

My friend is starting up a personal loan type business. (Personal, or debt cosnolidation - NOT Mortgages - Think Prosper.com) She’s essentially a broker who helps get the I’s dotted and the T’s crossed.
Before you cry foul, the business model is based on 2 sales […]

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Want to move, feeling trapped

Help, need relationship/life advice… I’m staying at home for the time being to help out my family instead of jetting off to another city to be with my boyfriend. Target move date is in January but we’re both getting insanely antsy and we have the same conversation every day about me just going there NAO. […]

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Can a future debt accure interest retrospectively?

I did my Australian taxes late. I’m now being charged a general interest charge on a $7.5k Higher Education Debt that didn’t exist at the time. Is there anything I can do? So my life fell apart for a few years (living arrangements, relationships, work, health - everything was a disaster). As a result I […]

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Financial crisis blog recommendations?

Recommend any financial crisis blogs written by people who are following all the relevant indicators, or by people involved in the finance industry, who are trying to make sense of the market and economy?
Original text: Financial crisis blog recommendations?

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Invest for the future vs. Debt reduction

Investing 201: Given the economic news of late, If the value of my mutual funds drop and the interest rate of my debts go up would it be prudent to liquidate the mutual funds to pay off my debts or should I “stay the course” despite this?
Financial details inside… OK so I have about […]

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Invest for the future vs. Debt reduction

Investing 201: Given the economic news of late, If the value of my mutual funds drop and the interest rate of my debts go up would it be prudent to liquidate the mutual funds to pay off my debts or should I “stay the course” despite this?
Financial details inside… OK so I have about […]

Continue...

Invest for the future vs. Debt reduction

Investing 201: Given the economic news of late, If the value of my mutual funds drop and the interest rate of my debts go up would it be prudent to liquidate the mutual funds to pay off my debts or should I “stay the course” despite this?
Financial details inside… OK so I have about […]

Continue...

Invest for the future vs. Debt reduction

Investing 201: Given the economic news of late, If the value of my mutual funds drop and the interest rate of my debts go up would it be prudent to liquidate the mutual funds to pay off my debts or should I “stay the course” despite this?
Financial details inside… OK so I have about […]

Continue...

Invest for the future vs. Debt reduction

Investing 201: Given the economic news of late, If the value of my mutual funds drop and the interest rate of my debts go up would it be prudent to liquidate the mutual funds to pay off my debts or should I “stay the course” despite this?
Financial details inside… OK so I have about […]

Continue...

Invest for the future vs. Debt reduction

Investing 201: Given the economic news of late, If the value of my mutual funds drop and the interest rate of my debts go up would it be prudent to liquidate the mutual funds to pay off my debts or should I “stay the course” despite this?
Financial details inside… OK so I have about […]

Continue...

Invest for the future vs. Debt reduction

Investing 201: Given the economic news of late, If the value of my mutual funds drop and the interest rate of my debts go up would it be prudent to liquidate the mutual funds to pay off my debts or should I “stay the course” despite this?
Financial details inside… OK so I have about […]

Continue...

How can I start getting square with my HECS debt?

Hey, Australians who have dealt with (or are) HECS bureaucrats! How can I start getting square with my HECS debt? I went to university in Australia in the 90s, receiving some money from the HECS scheme. I worked for a few years in Australia but without reaching the minimum wage requirement to pay back HECS. […]

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How can I start getting square with my HECS debt?

Hey, Australians who have dealt with (or are) HECS bureaucrats! How can I start getting square with my HECS debt? I went to university in Australia in the 90s, receiving some money from the HECS scheme. I worked for a few years in Australia but without reaching the minimum wage requirement to pay back HECS. […]

Continue...

How can I start getting square with my HECS debt?

Hey, Australians who have dealt with (or are) HECS bureaucrats! How can I start getting square with my HECS debt? I went to university in Australia in the 90s, receiving some money from the HECS scheme. I worked for a few years in Australia but without reaching the minimum wage requirement to pay back HECS. […]

Continue...

How can I start getting square with my HECS debt?

Hey, Australians who have dealt with (or are) HECS bureaucrats! How can I start getting square with my HECS debt? I went to university in Australia in the 90s, receiving some money from the HECS scheme. I worked for a few years in Australia but without reaching the minimum wage requirement to pay back HECS. […]

Continue...

How can I start getting square with my HECS debt?

Hey, Australians who have dealt with (or are) HECS bureaucrats! How can I start getting square with my HECS debt? I went to university in Australia in the 90s, receiving some money from the HECS scheme. I worked for a few years in Australia but without reaching the minimum wage requirement to pay back HECS. […]

Continue...

How can I start getting square with my HECS debt?

Hey, Australians who have dealt with (or are) HECS bureaucrats! How can I start getting square with my HECS debt? I went to university in Australia in the 90s, receiving some money from the HECS scheme. I worked for a few years in Australia but without reaching the minimum wage requirement to pay back HECS. […]

Continue...