http://www.learnvest.com/discussions/categories/debt/feed.rss Sat, 18 May 13 17:07:19 -0400 Debt en-CA http://www.learnvest.com/discussions/discussion/317/credit-card-debt-category Mon, 08 Apr 2013 15:54:10 -0400 COACH LETITIA 317@/discussions/discussions http://www.learnvest.com/discussions/discussion/2/student-loan-debt Thu, 13 Oct 2011 08:02:10 -0400 LV 2@/discussions/discussions http://www.learnvest.com/discussions/discussion/314/used-hybrid. Sat, 23 Mar 2013 13:51:24 -0400 MMR 314@/discussions/discussions http://www.learnvest.com/discussions/discussion/3/yay-im-out-of-debt Thu, 13 Oct 2011 08:02:28 -0400 LV 3@/discussions/discussions http://www.learnvest.com/discussions/discussion/241/going-back-to-school Wed, 05 Sep 2012 09:28:12 -0400 cc11782n 241@/discussions/discussions I was just wondering if any of you had any advice on how to minimize student loan debt for someone who is going back to school.

I came out of school a few years ago with only about $45k in student loan debt, which I've since paid down to close to $32k.

I've decided for personal reasons that I want to go back to become a foreign language teacher. The area I went to school for and subsequently am working in now just is not fulfilling work, nor is it making me happy. I kind-of got steamrolled through college without really thinking about what I WANTED, rather, just about what would be the most job security.

So, luckily, I found a school that has a program that is solely a graduate program created for people like me, who want to go back and teach in a subject that was not what they have their bachelors degree in. I know everyone complains about student loan debt, and to each his own, but for me, I'd rather take on the additional 30-50k for graduate school and be happy then spend the 30-50k to go back to graduate school for the field I'm in.

I'll be working the job Im at currently throughout the whole process up until the time I have to student teach, at which point I will be trying to look for programs with debt forgiveness (ie - teach america, something like that), to help with the costs - but do any of you have any advice on how I can minimize any additional student loan debt (aside from paying as I go), or know of any places that have a comprehensive list of where scholarships are offered?]]> http://www.learnvest.com/discussions/discussion/266/income-based-student-loan-repayment-loan-forgiveness Mon, 05 Nov 2012 09:32:02 -0500 Bsmurphy 266@/discussions/discussions
I'd really like to go back to school, but I don't want to go any further into debt to do it. I've been thinking about it, and I'm thinking that since income based repayment caps my payments depending on my income, that it doesn't really matter how much more I take out in loans, that I'll only have to pay back the percentage for 120 payments.

Sooo..... if I go back to school and take out $6,000 more in Stafford loans, then start back on IBR when I graduate, I won't have to pay back any more than I would have originally.

Does that make sense to anyone else?? ]]> http://www.learnvest.com/discussions/discussion/1/credit-card-debt Thu, 13 Oct 2011 08:01:42 -0400 LV 1@/discussions/discussions http://www.learnvest.com/discussions/discussion/142/settle-credit-card-debt Thu, 23 Feb 2012 09:09:15 -0500 Okaraseva 142@/discussions/discussions http://www.learnvest.com/discussions/discussion/203/credit-card-payments Wed, 06 Jun 2012 18:05:33 -0400 ekpny 203@/discussions/discussions http://www.learnvest.com/discussions/discussion/294/how-do-i-get-out-of-irs-tax Wed, 06 Feb 2013 13:28:30 -0500 timthan2011 294@/discussions/discussions http://www.learnvest.com/discussions/discussion/292/priority-goal-issue Mon, 04 Feb 2013 08:56:19 -0500 DanG1580 292@/discussions/discussions
I have priority goals for a few different accounts, such as credit cards and a student loan account.

The issue that I'm having is that the student loan is broken up into an "A" and "B" account. I have tried linking both a and b to a priority goal, as I automatically have $106.91 deducted to go towards this student loan on or around the 11th of each month. The issue I am having is that when trying the a or b account linked to a priority goal to pay down $106.91 every month, it does not record the payment, but does show the amount is deducted from my account when I view the activity on Learnvest under the "Inbox" section. I categorize it to loan payments, but it still does not credit towards the loan paydown priority goal.

Any suggestions on this?]]> http://www.learnvest.com/discussions/discussion/289/student-loans-or-emergency-fund Mon, 28 Jan 2013 11:09:53 -0500 spmcavoy 289@/discussions/discussions
Should I be putting any extra money towards my emergency fund? Or should I be chipping away at my loans? ]]> http://www.learnvest.com/discussions/discussion/286/paying-off-mortgages Mon, 21 Jan 2013 17:33:29 -0500 siebgal 286@/discussions/discussions http://www.learnvest.com/discussions/discussion/278/how-to-categorize-short-term-bridge-loan-from-family-member Thu, 13 Dec 2012 09:24:53 -0500 DanG1580 278@/discussions/discussions
I recently received a sum of money from my parents to assist me during a transition of selling my home and owing some money on the sale and shortly after this moving into a new place. Currently since it is a credit to my bank account, this is categorized on Learnvest in the "Income" category. I created a separate folder under Income, and called it "Mom and Dad - Loan" but this is going to skew my monthly income average, since I am a salary plus commissioned employee.

Do you have any suggestions on how to better categorize this short-term bridge loan that I will be paying back to my parents in full over the next month or two?]]> http://www.learnvest.com/discussions/discussion/186/rebuilding-credit Sat, 05 May 2012 12:58:21 -0400 Wenosaurus 186@/discussions/discussions
Is there anything I can do to rebuild my credit?]]> http://www.learnvest.com/discussions/discussion/249/buying-time Thu, 13 Sep 2012 16:06:18 -0400 mjspencer515 249@/discussions/discussions
I'm in a position where my student loans are just too much to handle financially along with rent, groceries and living. Professionally, I am able to take classes for free and decided to take classes and temporarily defer my loans to get a head a bit. Does anyone have any advice on what to do during this time... I'm thinking I should focus on paying off my credit card and save money that would have went to my student loan payments?]]> http://www.learnvest.com/discussions/discussion/244/mistaken-identity Fri, 07 Sep 2012 11:26:51 -0400 MargaretB 244@/discussions/discussions My parents have had financial troubles for the better part of two decades and some of their problems (liens, etc.) keep popping up on my credit reports. I have gone through the traditional route of contacting the departments listed to dispute these items but it seems like as soon as they are removed/resolved they magically pop up again. It is dragging my score down and I am losing patience with the "system". Any advice/helpful comments?]]> http://www.learnvest.com/discussions/discussion/240/over-100000.00-student-loans Mon, 03 Sep 2012 20:03:28 -0400 Jkiz 240@/discussions/discussions http://www.learnvest.com/discussions/discussion/218/paying-towards-loans-while-in-school Thu, 28 Jun 2012 15:04:55 -0400 raewood 218@/discussions/discussions
I'm debating sending in a check and asking it be applied to the principal only. Or should I send in two separate checks - $50 towards the interest and $200 towards the principal?

Thank you in advance for any suggestions and/or advice!

]]> http://www.learnvest.com/discussions/discussion/216/pay-off-a-mortgage-or-keep-cash-for-building Tue, 26 Jun 2012 15:35:27 -0400 SkiierinIdaho 216@/discussions/discussions http://www.learnvest.com/discussions/discussion/39/addictions-and-bankruptcy Mon, 17 Oct 2011 13:43:40 -0400 hopedvm 39@/discussions/discussions http://www.learnvest.com/discussions/discussion/122/federal-taxes-offer-and-compromise Wed, 18 Jan 2012 22:52:36 -0500 workworkwork 122@/discussions/discussions http://www.learnvest.com/discussions/discussion/40/fighting-back-against-the-stupid-youth-debt-and-small-business-debt Mon, 17 Oct 2011 14:01:21 -0400 LaManchaLady 40@/discussions/discussions
So now...here we go again on the debt. We're still working on the credit cards, as well as the business debt, while trying to keep from going broke or insane. And we'd like to start a family soon. Somehow, our plan went kaput!

So we made a new plan. My husband and I are both working full-time and part-time jobs, and I make custom cakes on the side as well. I coupon like a madwoman - with only a small stockpile of things that we ACTUALLY USE (mainly personal care products and canned food like tomatoes for soups, etc). I am on a number of survey panels that provide me with points that I accumulate to redeem towards gift cards (We've used these for wedding and birthday gifts mainly.), as well as products to test. Just in the last week, I've received a full-size shampoo and conditioner and a full-size laundry detergent! So I get both the products and the points from filling out a survey about them after a few weeks. This past summer we had a large family garden, which is providing us (as well as my parents, brother, and his 2 kids) with green beans and corn, as well as a few pickles and onions for the winter.

In the coming months, I'm planning to reduce my grocery spending (with coupons) by another $20/month. We're planning an even bigger garden next year with more variety, and we're also planning on getting a couple of feeder hogs for the farm, which will provide my extended family with plenty of pork for the year.

If anyone has any other suggestions or things that are working for them to help save and cut costs, I'd love to hear them!
]]> http://www.learnvest.com/discussions/discussion/167/buying-a-new-car-and-condo-help Tue, 10 Apr 2012 12:17:15 -0400 aweb 167@/discussions/discussions
On my 25th birthday, I will be receiving an investment account with about $70k, which was a result of a medical malpractice lawsuit when I was 1 year old. I desperately need a new car, as mine has 180,000 miles and has been costing me so much in repairs. I also am considering buying a 1-bedroom condo, to make the investment and stop throwing my money away on rent each month. This has been in my short term planning for some time, and I will have around $5k saved to help with the down payment on the condo (my price range is around $130k-$180k).

I am very overwhelmed with how I should allocate this large sum of money coming to me in a few weeks. Should I keep all of it in long-term investments and finance both the car and the condo? Should I buy the car with cash and make a large down payment on the condo to minimize mortgage payments? Should I pay off my student loans in full?

Help!]]> http://www.learnvest.com/discussions/discussion/179/trying-to-lower-interest-rates Tue, 24 Apr 2012 17:30:11 -0400 Tompetty54 179@/discussions/discussions http://www.learnvest.com/discussions/discussion/61/transferring-to-a-0-apr Thu, 20 Oct 2011 12:06:26 -0400 mariaspencer 61@/discussions/discussions
any reccomendations on opening a 0% APR credit card and transferring the balance. Good/Bad idea? Does any credit card suffice?

Thank you!]]> http://www.learnvest.com/discussions/discussion/102/debt-consolidation Thu, 15 Dec 2011 14:25:27 -0500 Carrie-9- 102@/discussions/discussions