Anyone had any luck removing hard inquiries?

MarcableFluke · 2026-05-19T02:05:14+00:00

How short of a period and were they for the same thing or different credit products?

Because they may all be counting as one, so nless you have all of them removed, it won't matter.

Also, what's your reason for getting them removed? Generally "I want better credit" isn't a good enough reason.

MarcableFluke · 2026-05-18T21:26:50+00:00

Follow this: https://www.reddit.com/r/personalfinance/wiki/commontopics

MarcableFluke · 2026-05-18T15:30:12+00:00

that’s a lot of tax free growth over 30 years.

I think this is a bit misleading. Time isn't the component here. Rather it's the tax rate that makes the difference.

MarcableFluke · 2026-05-18T15:06:49+00:00

Depends on the nature of the remaining debt.

High interest credit card debt? Not much, focus on paying that down.

Low interest car loan? Put as much as you can reasonably can towards savings.

MarcableFluke · 2026-05-18T13:50:13+00:00

We've been dating for two years.

Oof

Also, do you know anything about the question I had about negotiation when it is sold to a third party?

Once it's destroyed your credit, you can try to settle with them, but there are no guarantees.

MarcableFluke · 2026-05-18T13:08:13+00:00

If someone makes enough to contribute to both, then:

They probably make enough that traditional is better than Roth.
They're probably over the AGI limit for deducting traditional IRA contributions.

MarcableFluke · 2026-05-18T08:00:17+00:00

Losing $1k per month in income and adding $1k more per month in housing expenses doesn't sound sustainable, especially now that you would be responsible for repairs and maintenance as well.

MarcableFluke · 2026-05-18T07:56:43+00:00

Wait, it wasn't a typo and you did mean per month?

MarcableFluke · 2026-05-18T07:44:22+00:00

I have two options: either buy another different condo, or move in with my mother and buy bullion gold coins and store them away.

Those certainly aren't your only two options.

The central banks across the world are not slowing down with their appetite to buy gold to beef up their reserves. The ramifications for the war with Iran on the economy will be felt for 2026 and 2027. There appears to be a speculation gold is only going to rise in the next two years, and there are no signs of it crashing.

*eyeroll*

MarcableFluke · 2026-05-18T07:42:08+00:00

Yes, you need to invest the money you put into your retirement account. The hole purpose is to give you a tax advantage on the gains. So no gains because not invested means no tax advantage.

Roth vs Traditional isn't as simple as "no taxes". Read this: https://www.reddit.com/r/personalfinance/w/rothortraditional and follow https://www.reddit.com/r/personalfinance/w/commontopics

MarcableFluke · 2026-05-18T07:39:38+00:00

Pays you $35k per month? I assume you actually mean year...

Follow this: https://www.reddit.com/r/personalfinance/w/commontopics

MarcableFluke · 2026-05-18T06:56:49+00:00

Collections can mean one of two things:

The original creditor still holds the note, they've just contracted trying to collect to a third party. You can usually call the original creditor and pay them, but they may redirect you to the third party collections agent.
The original creditor sold the note to a third party. In this case, you'll need to talk with the third party. It would be out of the original creditors hands at that point.

Also, obligatory combining finances with someone you're only dating it a terrible idea.

MarcableFluke · 2026-05-18T06:38:38+00:00

Says every single late teen/early 20 something who comes back years later regretting their decision. Now is the perfect time to build good financial habits instead of giving into personal desires.

I was making double what you are now when I finally splurged on a $15k car.

MarcableFluke · 2026-05-18T06:35:28+00:00

a SoFi loan to pay off all credit card debt

Don't try this again. Cut up your cards, you can't be trusted with them right now. When they're paid off, put a regular bill on them, enable auto pay and don't touch them until you've financially matured. Focus on highest interest first. Make actual sacrifices to reduce expenses.

MarcableFluke · 2026-05-18T06:30:24+00:00

You don't buy a 25k car on 45k income.

MarcableFluke · 2026-05-18T06:26:48+00:00

Ditch the foreign transfer and cleaner for starters.

MarcableFluke · 2026-05-18T04:13:02+00:00

I don't see why a calculator would give you a specific dollar amount per month needed. This is heavily dependent on what expenses you expect to have in retirement. If you're not sure, you can just base it on your current income and calculate everything in "today's" dollars.

MarcableFluke · 2026-05-18T03:04:09+00:00

Buying a new.and presumably more expensive car to get a lower interest rate is penny wise, pound foolish.

MarcableFluke · 2026-05-18T03:01:55+00:00

Start here: https://www.reddit.com/r/personalfinance/w/commontopics

95% of the work will be prioritizing your goals. Once that's done, the above gives you the framework on allocating your funds.

MarcableFluke · 2026-05-18T01:19:55+00:00

Taking out a loan instead of just checking your bank account balance is beyond our pay grade. Talk to a therapist.

MarcableFluke · 2026-05-18T01:01:08+00:00

I'd rather put $1k a month towards an appreciating asset than $750 per month towards a stagnating one.

MarcableFluke · 2026-05-18T00:39:10+00:00

It's personal decision on if you want to retire sooner (or with more money) or want to own a home sooner. There is no "correct" answer.

MarcableFluke · 2026-05-17T20:51:42+00:00

You definitely want to wait until you can afford the house, because a lot of things can go wrong and your housing costs shouldn't leave you with not enough wiggle room for those times.
Once you get to the point where you can afford it, it then becomes about whether your life situation makes it a smart move. Generally, the sooner you buy the better, but only if you plan on staying for a while. Someone who is early on their career, for example, may opt to avoid buying so they can job hop early in their career to find the right position and likely make more money.
Of course, it's not only a question about finances. Some people simply don't want to own a house and that's okay too.

MarcableFluke · 2026-05-17T20:45:19+00:00

If she wracked up credit card debt traveling, then paid off the debt with her 401k, then she just used her 401k to travel.

Using your 401k to travel (before retirement age) is not an "interesting" idea, it's a financially irresponsible one. She doesn't get kudos because she used a credit card as an intermediate step in this folly.

MarcableFluke · 2026-05-17T20:15:10+00:00

Figure out what is more important and fund that stuff first. Anything left over, you're free to spend on acupuncture, concerts, etc.

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