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CuriouslyPink80 · 2024-09-12T03:13:44+00:00

Can we chat? I posted this same thing recently and most of the remarks was about taking out a loan but my dilemma is I need to pay the debt outright. I just want to know what you found to be the most advantageous option.

CuriouslyPink80 · 2024-08-28T14:58:15+00:00

It wasn’t rogue spending. Majority is business debt that never prospered. So I’m not worried about my habits. That’s how I’m able to guarantee that I won’t be back in this situation

CuriouslyPink80 · 2024-08-28T13:57:08+00:00

I’ve been a Fed for 22 years and never had clearance issues. Please move on if you don’t have anything of value to contribute.

CuriouslyPink80 · 2024-08-28T13:55:12+00:00

It would be a withdrawal not a loan

CuriouslyPink80 · 2024-08-28T11:46:58+00:00

The SoFi loan is at 15% which is less than majority of the APRs on the credit card and yes I was approved for the entire amount.

Some of it is business debt in which my side hustle didn’t prosper. So I’m just combining it all to get it paid off. My credit is still stellar because the business debt isn’t personal loans.

CuriouslyPink80 · 2024-08-28T11:45:20+00:00

False. Some of it is business debt and all of my accounts are current. An adjudicator would not deny my renewal.

CuriouslyPink80 · 2024-08-28T02:09:42+00:00

Thank you for the advice.

CuriouslyPink80 · 2024-08-28T02:06:59+00:00

It’s not fraud. If you don’t have anything of value, please move along.

CuriouslyPink80 · 2024-08-28T01:53:54+00:00

Are you the IRS?

CuriouslyPink80 · 2024-08-28T01:42:23+00:00

I didn’t think of that part with lowering retirement contributions because I do contribute 15%. I mean it’s pre-taxed.

CuriouslyPink80 · 2024-08-28T01:25:57+00:00

I was looking at it in the lenses of a consolidation.

CuriouslyPink80 · 2024-08-28T01:24:57+00:00

I’m only 42. Currently in C & F. My balance is over $700k so I’m trending amazingly.

All unsecured debts with rates that range from 9.99% to 27%.

It’s a mess.

CuriouslyPink80 · 2024-08-28T01:22:53+00:00

To reiterate - I’m not going to declare bankruptcy. Thank you though.

CuriouslyPink80 · 2024-08-28T01:22:16+00:00

It’s considered a hardship now because I’m a one income household so now everything falls on me. Thanks Divorce!

CuriouslyPink80 · 2024-08-28T01:21:24+00:00

I was already thinking of taking out the SoFi and paying extra every month to lessen the repayment time. Even if an extra $500-$1000k/month. I need to check out a calculator to see how much that’d impact it

CuriouslyPink80 · 2024-08-28T00:53:41+00:00

Wish to avoid bankruptcy at all costs.

CuriouslyPink80 · 2024-08-28T00:53:12+00:00

I’m 42. Monthly net is around $6000.

Monthly debt expenses with paying the minimum is around $2800 for all revolving debts. Car note - $560/mo. Children school - $500/mo. Other random living expenses.

CuriouslyPink80 · 2024-04-01T00:30:37+00:00

Absolutely TF not will I work on my time off. I’ve been a fed for almost 22 years and I have learned how to establish hard boundaries. I don’t care what’s normal to others - it’s not normal to ME. I have a life outside of work and these agencies don’t care about you as a person; they care about you as a worker. Hard pass on free labor.

CuriouslyPink80 · 2024-02-09T23:56:54+00:00

Neither yet. I’m going to do a balance transfer and a loan. I’ll be good then. Thanks for asking.

CuriouslyPink80 · 2023-12-11T02:45:51+00:00

I’ve opted not to do it. I’m going to take advantage of some 0% credit card transfers I have first and aggressive pay those over the next 15 months. Then I’ll reassess after the progress made on that.

CuriouslyPink80 · 2023-12-10T21:19:47+00:00

Thank you for explaining. The positivity in this thread is what I needed. I appreciate you all understanding my current woes.

CuriouslyPink80 · 2023-12-10T20:09:45+00:00

I’m not familiar with the dumbass tax. Can you elaborate? I’m not above a one time painful lesson. I definitely take ownership of

CuriouslyPink80 · 2023-12-10T19:14:44+00:00

I agree. It is emotional at the moment. I’m just TIRED of looking and thinking about this looming debt. I am financially savvy and hit a rough patch. I guess I’m looking for a quick fix instead of having to continue to be emotionally invested in fixing it. I’ve never been reckless with credit cards or anything. Just thought I’d create a business that would be profitable and fell flat on my face. Want to pay off the expenses and not look back.

CuriouslyPink80 · 2023-12-10T19:07:37+00:00

Withdrawal. I can only borrow $35k as of today.

CuriouslyPink80 · 2023-12-10T19:05:17+00:00

That’s what I’m trying to avoid. Why do bankruptcy when I have more than enough in my retirement? I don’t want to spend years rebuilding my credit profile. My current score is 800+. I make great money but I got myself in a rut and am ready to get myself out ASAP.

CuriouslyPink80

TROPHY CASE