r/financeonloans

Hey, I’m not sure if this is the right place, but I need some advice. I co-signed an auto loan for my ex-fiancé, and now I want to get out of it. Do I just contact the bank, or is there another process I should follow? Thanks

Cleared this test flow yesterday just out of curiosity while the pool is still live and points hit without delays. Did everything using u/lardladd manual took maybe 15 minutes max, configured very logically, transactions clear instantly. If you're waiting for a sign, this is it. The step-by-step walkthrough is up on his profile.

Hey everyone, I’m a 16-year-old sophomore in high school, and I’ve been thinking about studying Accounting or Finance in college. I’ve heard those fields involve a lot of math, and I’m curious about how tough it really is. I’m okay at math, but I wouldn’t say I’m naturally gifted, and I sometimes struggle a bit.

For anyone with experience in these areas, what are the real benefits of majoring in Accounting? Would you recommend it? And is the long-term pay actually worth the effort? I’d really appreciate any honest advice you can share!

Hi everyone! I’m a single mom, and I really need some advice. Before I had my child, I took out a car loan. Initially, it was for $30,000, but because of financial struggles and missed payments, it’s now grown to $55,000. I really can't imagine life without a car, but paying $650 every month for a 10-year-old vehicle is just impossible for me right now. Looking back, I realize it was a mistake, and I wish I could turn back time and make better choices.

I'm reaching out in hopes that someone can share knowledge or tips to help me get through this tough situation. Any advice or support is greatly appreciated. Thank you so much!

I’m looking for solutions here, so here is my full story and I appreciate the help:).

At 20 years old I was diagnosed with cancer since then in the past 4 years I graduated with my bachelors and beat cancer. Unfortunately in that process of fighting cancer I couldn’t work and exhausted all my savings. I am currently dead broke with a degree from a power 4 school and no debt or student loans. With this job market I might have to go 6 months before landing a job that fits my needs and worth. With all this being said with no debt, no student loans, a degree and a couple hundred dollars to my name. How do I go about getting a 10,000-15,000$ loan to float me through the job search? I have no credit and have never taken out a loan before, I hate the prospect of debt but the 10-15k will be easy for me to pay off once I get a job especially considering I have a nice car,(not in my name) and a degree. Can I take out a private student loan for that kind of money and use it to float me in the job search? Again young and dumb so I appreciate the advice on what you would do if you were me.

Thanks,

Chemical

Hey there,

I know I might sound like I’m asking some basic questions, so please bear with me. I’m trying to fix my past mistakes and learn as I go. So, here’s my situation: when you have debt that’s been sold to a debt collector, how does that impact your credit score? I’m guessing it’s already taken a hit.

Also, if I pay back that debt to the collector, will it help improve my credit score, or does it not really matter anymore? Someone told me once that once the debt is sold, paying it off doesn’t help because it’s already damaged your credit, and the debt collectors just keep the profit.

I’d really appreciate some honest, informed opinions on this. Negative comments will be ignored—I know getting into debt isn’t ideal, and I get it. My goal for 2024 is to get out of this mess by working hard.

Would love to hear some solid advice on how to effectively get out of debt!

Hey everyone! Could someone help me understand what the U.S. debt brake is in relation to GDP? I’ve been trying to find this number but haven’t had any luck. Thanks so much in advance

Hey everyone! I’m a rising sophomore and I’ve been looking into WSMM. I want to hear from those who’ve actually been part of the program.

I know it’s a high-ticket sales program, so I’m trying to cut through the sales pitch and get to the real value. Does the info, coaching, network, and structure genuinely help, or is most of it just generic advice that I could find elsewhere?

Would really appreciate honest feedback, especially from anyone who started it early in college. Thanks a lot!