As mentioned in another of these Reddit tips, earning more is an important part of the financial equation. This can be done by asking for a raise. But how do you do that? Start researching Glassdoor or Payscale to see what the market price is for your location in your area. Keep an eye on your performance and talk to your supervisor about a raise at the right time. It may be out of your comfort zone, but growth still is! I`m looking for advice on what to do to fix my life forever, I feel absolutely suffocated by debts and like there`s no way out. Am I going bankrupt? Do I just ignore the debt and accept the fact that I`m a fucking idiot? I`m so shitty with money and I have no financial education and it actually causes me a lot of stress. Have you ever verified your account and cried a little? Have you ever wondered how much you charged for your credit card that month? Keeping a low profile on spending can lead to large amounts of debt. That`s why creating savings goals and a budget is a great way to control your spending and avoid credit card debt. To start your spending, create a budget, track your spending, and check your bank and credit card balances weekly. Subreddits are identified by an “r/” followed by the subject`s name. For example, r/funny is a subreddit for jokes and funny stories, while r/dating is a subreddit for dating stories and tips. Thank you buddy, I appreciate your advice without tearing my head off lol. I`ve filled out and signed an agreement, so let`s see what happens in the next 2-5 years 🙂 www.afsa.gov.au/insolvency/i-cant-pay-my-debts We have selected some of the best financial advice from Reddit`s r/personalfinance subreddit.
We`ve even combed through 100 posts and comments to find gems to help you take action with your money. Ready to get started? Take a look at these 20 financial tips from some Redditors. Contact a financial advisor, they can negotiate for you with creditors or give you advice on bankruptcy or hardship arrangements or a plan for paying debts or comfort loans. Creditors do not want to use a debt collection agency. But if it looks like you`re not paying, they will. The creditor sells your debt to a collection agency for less than the face value, and the debt collection agency will then try to collect the entire debt from you. If you are exposed to harassing, abusive or fraudulent collection tactics by professional debt collection agencies – and wish to cease all contact with you – inform the collector in writing. Keep a copy of your letter and send the original by registered mail to the collection service provider. If you`re 25 – and the debts go back to when you were 18 – they could be barred from moving in – if no legal action or judgment has been taken against you, if you don`t even know who you owe money to, you can be sued by shady debt collection agencies that don`t have the right to sue you.
PM me and I might be able to help you! If the disputed item is incorrect. It must be corrected. The collection service provider must notify anyone who has already received a report containing the wrong item. If, after 30 days, the collector has not been able to determine whether the item is correct or not, they must make the change you requested and notify anyone who has received a report containing the wrong item. Reddit`s r/PersonalFinance community has 15 million members and is one of the most popular subreddits for finance-related content. The community was founded in 2009 and has since published thousands of posts, threads and discussions on a range of topics related to personal finance. To build or establish loans, you certainly need some type of loan to work, but you should never go into debt and pay high interest rates just to build your credit. For example, you don`t need to take out a car loan just to improve your loan.
Instead, you can start with a secured credit card or use your credit card only for groceries or gas and pay in full each month. Wages can only be seized to settle debts related to court-ordered family allowances, tax arrears and defaulting student loans. Collection agencies cannot attach salaries for the repayment of consumer debts. If the disputed element is correct. The debt collection company may continue the collection activity. So I`m pretty embarrassed, but I`ve finally gotten to the point where I can`t find any other way out of my debt than to go bankrupt. I`m 25 years old and I have over $30,000 in debt because I`m just a hell of an idiot with money. You do not seem to have provided any details about the composition of this debt or your income/expenses.
I`m sure you`ve looked at your options, but be seriously kind to your future and really make sure there`s no other way out. When I was 18, I accumulated quite a bit of debt through personal loans, car loans, debt consolidation loans, Ezipay deals for electronics/furniture, etc. It was stupid, I know it now and I`m trying to pay off my debts and make a fresh start in life. Violations of the Texas Debt Collection Act are subject to criminal and civil penalties. If you think you`ve been harassed or deceived, you can even seek injunctions and damages against debt collection agencies. So I recently left the phone to a lady from Beyond Debt regarding paying off a debt worth about $25-35,000 that I`ve stupidly accumulated over the past 6 years because I`m not financially educated/don`t have a stable job/a young idiot, etc. If you dispute the legitimacy of something in your collection agency`s file, you must notify the collector in writing. Simply calling the collector will not stop collection activities. I tried to enter into a Part 9 debt contract that was rejected, I spoke to financial advisory services without luck. In the end, it is inevitable that I will go bankrupt. Subreddits are individual communities on Reddit dedicated to specific topics or types of content. Subreddits can be very broad, or they can be very targeted.
Debt collection agencies are regulated by the Texas Debt Collection Act. Among other things, the law prohibits debt collection agencies: bankruptcy does not last forever. Talk to a financial advisor. This can be the most effective way to get out of debt. Stay in the bud. 30K is low, I`m curious to know what they had to repay in the deal? A lot of debt is artificially inflated and if you`re young and stupid enough to take out loans and credits from such unscrupulous companies (yes, including the big banks), you may have to stick to the whore from time to time. In this subreddit you will find everything that has to do with spending, earning, saving and investing money. Ordinary people and financial experts are constantly online, helping each other make real financial decisions and giving suggestions for difficult questions on a sometimes taboo subject – money. .