this post was submitted on 20 Oct 2023
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Hear about how much debt everyone in the US has all the time, curious about some of your stories!

My bad debt is 10k left on a school loan from a for profit school that is now out of business.

Only other debt is house.

So how are you all doing with debt management?

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[โ€“] StuckInAWell@lemmy.world 6 points 1 year ago (1 children)

I had pretty substantial CC debt about a year ago. Nearing $14k. After health issues, having to move, replace many belongings, car repairs, etc. Used a 401k loan to pay off 10k of it, and since that loan was paid off (it was over $800 a month) I've paid the rest down under $3k, and should hopefully have it paid off by either year end or spring at the latest. Currently it's sitting in 0% APR though, so it's at least not eating away with interest.

[โ€“] ericbomb@lemmy.world 1 points 1 year ago

Smooth moves!

Super good job on getting that under control.