Listening to this in the background and taking notes when something seems interesting so any and all of this could be completely wrong

Fiance has a small student loan and a small credit card loan (that she knows of)

Fiance blew his Achilles, only just getting back into work, job at specialty hospital bed company, I assume for

$5000 to $6000 saved prior to all this

• 36 years old

• Works in some sort of victims of violent crimes advocacy thing

• Take home is a little less than 5000 month

• laid off twice last year

  • got into issues with credit cards

  • laid off in a tech sales position, then a position at a real estate tech company

    • Founders of the latter helped her find her new position

• "Not in a great place" "I thought I could rely on the credit cards and I wasn't making lifestyle changes"

  • Working part-time at Target/Costco?

• Breadwinner in her household?

• Delayed wedding because of the money issue, lost deposits on a few things "only a few hundred dollars"

"What does he think about your financial situation"

"I don't think he knows"

....

"I pay all the bills"

"He knows about a few credit cards, not that they're maxed out"

"I don't want him to have to change his lifestyle if I can't keep up with it"

• based gender equality

General Financials -

• Start of Month - $671

• End of month - $304

• Paid for "Experion credit report" $20 recurring

• "Credit Fresh" $150 - "A lot of credit that I need to pay off"

• Labeled one of her credit cards "savings"

• No savings, no emergency fund

Debts -

• Maxed out Capital One Card 1 ($876.15)

  • $32 minimum payment

  • $21.70 interest

• Capital One Card 2 ($543.87)

  • 13.64 interest

  • minimum $30

  • "My dog god sick so I kind went crazy and applied for a bunch of stuff and just kept it?"

  • Was not working full time at the time

• Credit One Card 1 ($573.87)

  • Not maxed out

  • $30 minimum payment

  • 13.64 interest

• Credit One Card 2 ($908.15)

  • Maxed out $32 minimum payment

  • $10.04 interest

  • Still purchasing on it

• Credit One Card 3 (908.15)

  • Minimum monthly $32

  • $20.70 interest

  • 28% interest?

• Aspire ($378.41)

  • Minimum Payment 35.47

  • $10.47 interest

• "Verv"(?) ($1267.37)

  • Minimum payment $51

  • $30.58 interest

  • Not sure I heard that name right

  • Still purchasing on this card despite having been watching to the guy's videos for at least a month

• Prosper Maxed out ($1463.31)

  • Minimum payment $48

  • $33.68 interest charged

  • Made purchases on this one too

  • 32% interest?

• Petal ($1959.54)

  • $40 under the limit

  • $59.30 minimum payment

  • $40.11 interest

• Apple Card (???)

  • Repeatedly declined

  • interest charged was muffled, I think I heard "hundred" in there

  • minimum monthly is $85

• Credit Card (44??)

  • ???

• Personal Loan ($2'100)

  • Estimated 20% interest

  • minimum $150 payment every two weeks

• Car - $18'535

  • Buick Encore 2016 - 9'000 on it when purchased

  • $576.15 monthly payment

  • $201.93 interest (20% interest)

  • Bought at beginning of Covid, somehow this is the refinanced.

  • Five year loan

$1308 TOTAL MINIMUM

$450 A MONTH LOST IN INTEREST

35% OF HER TAKE HOME PAY

YAY ITS HAPPENING :D :D :D

Grad student at UT studying Urban Planning, graduating in May, believes urban planners make 60k-80k after graduating. (He says he'll be around 65k)

• 2 solid minutes trying to figure out what he's actually making

• "Do you have a sugar daddy?"

  • "I basically got scammed last month..."

  • He fell for one of those "send me money and I'll double it" scams with a sob story attached? It's a little vague

• Eats out 3x a day, despite Student Loans, spending a colossal amount

• Bought a condo last year and financed a fridge

  • City smart housing program ?

  • $106k pricetag

  • Income restricted so you can't make more than a certain threshold

  • 400 sq ft studio

  • City says it can't appreciate more than 2.5% each year

• Around $30000 in student loans? I didn't actually add them all up

  • All Federal loans

Caught this before it got jannied:

Hi all,

I'm hoping to get some advice regarding my mortgage situation. Three years ago, my mortgage broker structured my loan in a way that would allow me to avoid paying mortgage insurance. The loan is split into an 80% primary mortgage with a balance of $465k and a 3% interest rate, and a 20% secondary HELOC with a balance of $180k and an 8% interest rate.

In hindsight that was a dumb way to structure the mortgage, and I can’t change it, so I don’t want to dwell on it.

I put 15% down when I bought the house.

Unfortunately, the recent interest rate hikes by the Fed are killing me. My monthly HELOC payment has increased from $500/month to $1200/month with no end in sight. I used the entire HELOC to buy my house, so I'm really feeling the squeeze.

I'm reaching out for advice because I don't know what to do. I know that cashing out my IRA to pay off a large portion of the HELOC is an option, but I'm hesitant to do so because it will significantly impact my retirement potential. I do have other investments and a 401k, but the IRA in question has the potential to increase fivefold by the time I retire.

I also understand that calling my primary mortgage lender to ask them to absorb the secondary HELOC at the primary interest rate is likely not an option.

So, I'm at a loss. I don't want to sell my home and move, but I also can't continue to bleed money like this. If anyone has any advice or suggestions, I would greatly appreciate it.

I don’t know what to do.

Thank you in advance.

Probably bought a ~780k home. OP missed the part of the strategy where you pay down the HELOC before getting completely fricked by it. He's getting downmarseyd in all the comments since he's being a little catty about it. Other info:

$200k supporting 4 people (SAHM, college student, two teenagers). My wife’s basic full time job is shuttling kids around, dealing with school, insurance, schedules, etc.

$1000 / month in car payments

I can manage it’s just tighter than I’d like.

Also, he took his family to Hawaii two weeks ago.

Other post https://old.reddit.com/r/cars/comments/11vjh70/subprime_car_loan_delinquencies_are_surging_above/

Low-income households are falling behind on car bills

Consumers with low credit scores are falling behind on their auto loans at a record rate.

Why it matters: The upsurge shows that despite the strength of the job market, cash-strapped American households are under pressure from two years of cost-of-living increases and the end of pandemic-related benefits.

State of play: The share of payments on so-called "subprime" auto loans that were at least 60 days late rose to more than 6% in December. Subprime loans have high interest rates and are typically made to people with low credit scores.

• Delinquent payments — basically unpaid monthly bills — are the first step toward default and the car being repossessed.

• The December delinquency rate is a record, eking past prior peaks just before the pandemic, according to data from S&P Global.

The big picture: The uptick reflects a steady weakening of the finances of poorer American households.

• For one, the cost of living has surged — just look at the Consumer Price Index, which has jumped more than 14% over the last two years.

• Meanwhile, key COVID-era federal aid to households, like the Child Tax Credit and expanded unemployment benefits, are in the rearview mirror.

• Savings levels have slumped.

• And Americans are increasingly pulling out the plastic — credit card usage is rising, even as interest rates on these borrowings hits record highs.

Zoom in: Used vehicle prices skyrocketed during the pandemic. That drove up borrowing activity sharply, especially among people with low credit scores who predominantly buy used cars, rather than new ones, an analysis by the Consumer Financial Protection Bureau (CFPB) found.

• Now, those higher borrowing costs are getting tougher to manage.

Worth noting: The subprime sectors of both mortgage and auto finance tend to have a higher incidence of practices perceived as predatory. That’s when lenders offer customers expensive or fee-laden loans that they know the customers may not be able to repay.

• Case in point: Just last month the CFPB and the New York Attorney General sued one of the largest subprime auto lenders, Credit Acceptance Corp (CAC).

• The complaint accuses CAC of making "predatory loans to millions of financially vulnerable consumers," by charging "exorbitant" interest rates and socking on expensive add-on products — resulting in "debts that even CAC believes the borrowers often cannot afford to repay." (The company says the suit is without merit.)

What to watch: Whether these cost pressures begin to spread to a larger share of Americans, pushing delinquencies up even further.

I could listen all day lmao

I mean I made more than that in 2005 with my summer job at the zoo lmaooo

400 dollars a week to regularly lift 100 pounds. Could be worth it if you steal everything you can.

You can afford a home in the metroplex. You just think yοu're better than what you can afford.

Title. This is for every post Ι read that says they can't find a home but when you ask they are looking in a 4 neighborhood area in Plano and have 40k in the bank. You could easily afford Garland. You could find a house in East Dallas or Mesquite. You could make a new build in Oak Cliff on an empty lot. Plenty of options that aren't pay 400k for a 150k when new house in McKinney. There are condos and apartments that sell south of 100k near public transit here in North Dallas or near Balch Springs and Mesquite if you want. Ι don't get it. Ι bought my house where Ι could afford. Ι just set what my budget was on Zillow lifted any boundaries and didn't look at what Ι couldn't have. Why isn't that how more people shop? Just pick one you can have.

He's right, of course. A huge number of these losers would be able tο buy a house just fine if they didn't insist on living beyond their means because they think they should have a nicer house at age 25 than their parents did at age 40, and that it has tο be in the most expensive area possible.

Trans lives matter, poor lives don't.

Honestly if you tip 20% you’re a cuck

Fun.

Says the Nordstream terrorist who brings the world to the brink of nuclear war to prevent a multipolar order that will inevitably end the US prosperity that was based on global theft & bullying? Americans will be poor and miserable because of corrupt US politicians, not winning. https://t.co/wWsk1zUqoG

— Kim Dotcom (@KimDotcom) March 11, 2023

This is what the Demonrats want. To make everyone rely on the government and live in the pod.

Just don't be poor lmao

Not much driving but the pools are at it again

A MUM who boasted about splashing her £26k annual benefits on luxury holidays and a horse has revealed that she's surviving on food banks after having her hand-outs cut.

Marie Buchan, 41, earned the title of the Queen of Benefits after she revealed she scraped by on £500 a week while bringing up her children Tia, Leah, Latoya, Joshua, Alisha, Mikayla, Amelia and Olivia, arguing she worked 21 hour days to stay afloat.

But the mum-of-eight was heavily criticised after she appeared on This Morning where she revealed the taxpayer had funded her cosmetic surgery, luxury holidays and a £600 horse.

However, Marie, from Birmingham, says that the days of frittering away her income is long gone and since becoming a grandmother in October she has made some serious cuts.

Speaking exclusively to Fabulous, Marie says: "As my kids have got older I have really lost out on my benefits because they're no longer kids but they're all still living with me.

"My income has gone down to just £350 a week since the kids have left school but I still have to pay £20 of rent and £140 of council tax with that.

"I've had to use food banks because by the time I have paid for my gas and electric I've got absolutely nothing left. It's unreal.

"I've been forced to claim a £120 one off hardship payment and I am also accessing £60 food vouchers from the kids' school but it doesn't go far enough.

"Luckily the housing association is also giving out Aldi vouchers or else I'd really be snookered."

SHOW MORE

A newlywed has told of how they lost upwards of $27,000 and were left 'heartbroken' after more than half of their guests who RSVP'd didn't show up for their big day.

Gray Narvaez-Dragion, an 18-year-old who is transgender and uses they/them pronouns, uploaded a video to TikTok showing multiple tables with no guests sitting at them.

An overlaid caption on the clip, which had more than 5.2 million views at the time of writing, explains: '88 people said yes... not even 40 showed up.'

The video quickly gained traction online, with thousands of commenters expressing their disbelief at Gray's empty wedding scene.

Many viewers slammed the guests for being rude, with one person writing: 'If you can't make it to a wedding TELL THE HOSTS - it's ok! They will save money with their caterer if you give notice! Don't lie!'

Other commenters sympathized with Gray, from the US, and shared similar horror stories from their big days.

Another person said the same thing happened to him and after estimating 100 people would show up for his wedding day, only about 30 were in attendance.

While a third social media user revealed: 'Happened to my sister. We set the room for 80 and not even 30 came. We made the best of it but darn. I would never do that to someone.'

Gray explained in the comment section that because so few people showed up for their nuptials, they were forced to cancel their 'sparkler send off, private dance, [the] dinner [and] cut the entire reception short.'

The DJ also 'felt so bad [that] he made us use the photobooth I hadn't touched and took pics together.'

Gray added: 'Our ceremony made me so happy, but when I looked into the chairs we had set up I realized they were empty. I didn't realize until after... Been in tears for hours over this... I was so heartbroken.'

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Trans lives matter