u/Horror_Objective_202

Hey all, I just applied for a $15k loan with SoFi to pay down my credit card debt of the same amount. The interest rate was lower than half of my cards (16% APR) and the payment is roughly $30-60 less than what I pay total monthly in credit card payments. There’s no pre-payment penalty which is great because I intend on paying extra if I can every month.

For context, I’m 27, married, renting in HCOL area, employed full-time, doing online school for accounting (accruing student loan debt). I am paying off my previously leased car ($15000 left on my loan with PenFed). My wife and I don’t make much after tax and have a hard time saving, despite budgeting every last dime. My take home pay is about $3400/month after taxes, health insurance, 401k.

I grew up with very financially irresponsible parents and was never taught good personal finance skills so I’m figuring this all out of my own. So I guess I’m just looking for some advice if anyone has any and reassurance that this was a smart move. Thanks in advance!

Hey guys! I’m happy to say I’m 4.5 weeks post op and healing nicely, though I’m too self conscious to share a pic at the moment. Super happy with my decision, but super pissed at what I found out. Turns out my surgeon’s office sent in all but one of the necessary procedure codes for pre-auth (the 4 that were submitted were approved). So now I’m looking at a possible bill of $19k+. I met my deductible and out of pocket max, but got a letter today stating that the code that wasn’t submitted prior to the procedure was not approved and out of network? Just wondering if anyone else has experienced the same thing or something similar and if you have any tips or suggestions.

Update: Spoke to my insurance company and surgeon’s office. Looks like they are appealing the claim for $17k with my insurance and will update me as soon as they figure things out. Was also told that if this was an error on behalf of the pre-auth team, I will not owe them a dime. Hoping that this gets resolved and I don’t have to pay more than I was originally told. If anyone still has any suggestions or tips regarding this, please let me know!