>10k credit card debt, across 5 or 6 accounts, ranging 1.5k to 2.5k each. >5k outstanding loan that is automatically taken out of my direct deposits. >cant seem to get ahead on any one debt, basically living check to check >make 40k ish a year, fiance makes about the same >fiance has little credit card debt >fiance owns home, in her name. Still paying on mortgage. We split utilities and mortgage. >baby on the way, due end of august >need to start saving disposable, expendable income, dont have any cause debt, despite the fact i make ok money. >not really worried about ruining my credit, as we already have a home, and we both own our own vehicles. Also >have 40k link
So what do biz? Should i go ahead and say fuck it to this debt? Which will free up a ton of money for this major life change coming? Which i feel we are already decently prepared for considering we have a home and two vehicles and two ok jobs.
take 15k equity out of the house or consolidate all existing debt into one loan at a lower rate. you would have link you dumbfuck
Mason Stewart
One of you should keep good credit, although that likely doesn't matter much since unless you're savvy/intelligent (you're not) many of the opportunities having good credit opens can become pitfalls.
My opinion is that you, a man whom society expects to provide for yourself, should keep good credit in case SHTF in a familial sense.
So, have her sell you the house. Then have her take out lots of unsecured loans/credit cards. At least enough to cover your debts (pay the credit cards off immediately, maybe allow the 5k loan to keep auto deducting depending on % rate), but as much as possible unironically won't hurt. Don't go over 5-10k with a single lender.
Don't have her declare bankruptcy, just don't pay it. It's that easy. Ignore the phone calls, letters, etc etc. If you end up with money to spare, settle the debts for 15-20% owed. If not, you're probably divorced anyway. 7 or so yrs from date of collections entry it will fall off her credit
Before you do this, have anything that may be influenced by a credit check with her and/or both of you done. life/auto insurance comes to mind.
Colton Diaz
try to cut your expenses and reduce your lifestyle as much as possible then try to pay off as much of ALL the debt as you possibly can before the baby is born, you want stability and you can try to HOLD the link until it hits like $1, but try to hold it for now
Brandon Mitchell
Liquidate your link and pay off your debt you fucking idiot.
If you like to cling on false hope given by delusional people than sure go to reddit
Daniel Ramirez
>be OP >file bankruptcy >fiance leaves and gets kicked out of house >can't buy property due to bankruptcy sounds like a great idea OP
Blake Moore
No, you should not declare BK, and you should not stop paying the debt. Declaring BK or non-payment will ruin your credit score for eight years and nobody will give you a good job during that time. Not worth it for $10k. Just pay the $10k user, you can pay that off in one year if you’re disciplined.
2 cars and credit card debt? you are from the usa right?
sell your link.
Henry Bennett
Abort baby now
Daniel Baker
trade LINK for DIAPERS
Isaiah Watson
You can be debt free and have $4k spare savings if you sell your link you fucking idiot. If you sold last week you'd be debt free AND have $12k spare savings you absolute moron.
what the fuck are you doing reproducing before you're financially ready? you subhuman breeders should be exterminated
Lincoln Bell
>having credit card debts
Goys like you shouldn't be allowed to procreate.
Landon Clark
well yeah if he has inheritance coming within 10yrs and/or thinks either he or his wife realistically has a shot at /making-it/, he should liquidate the link somewhere above 50c and pay his debts.
but if thats not the case, they are satisfied, and in a good school district (aka given up)... what is the issue?
Fuck, take it a step further OP. Don't get married, rent her the house, she quit her job, get them gibs, and then work somewhere heavily focused on cash tips.
a 30-40k job isn't anything to worry about ruining your credit over. 50k/yr in the US is attainable without education or ShittyCorpTM's 38k job because of its robust service economy.
If both of you continue to work 9-5s the kid will likely get fucked by some external influence anyway, this plan kills two birds with one stone.
Jack Green
This. OP sounds like the typical 'obese wife, malnourished husband' rednecks
Easton Diaz
False hope? Go read some posts there. They fucking crucify credit addicts and overspenders. By comparison, their personal finance subreddit is actually okay for balanced budget advice.
Bentley Turner
This Nig/spic logic "hurr durr I'm in depth and can't afford to live but I'll make another mouth to feed its OK the government will pay for it" Imo all social services for child rearing should be cut. Maybe people would learn to be responsible and not fucking make kids if they knew no gibsmebucks will help them
Christopher Murphy
I'd say you're thinking about this all wrong. Do this instead.
>Get promotion, more money, distance yourself from all relationships just a bit in order to do so. >Let wife eventually divorce you, that debt is gone. Plus the kid. Keep half her money. >Sell the house, downgrade alot. Yes, alot. >Denounce your religion to get rid of gift obligations. >Less distractions, more time for work, more promotions, more money. >Pay off debt. >Get new wife and kid or get back old wife and kid and your new mixed child Jerome. >Live life better off having taken the time to get your shit together and not listen to biz. >Make up story for kid that you went to jail and thats why you weren't around for their life until now. >Buy bigger house for bigger family, buy car, have more kids. >Eventually get into same debt again. >Realise your 70 now, kids can't get help to raise families because of debt you graciously passed down to them by your actions, wife dead, one kid probably dead by then, not the mixed one. >Visit their graves with remaining kids by taking bus there (because you sold the car to pay for the funerals obviously). >You arrive at grave, kids have lives now, they don't come. >Stand over wifes grave, fall to your knees, tell her you're sorry for being such a failure. >Phone buzzes in your pocket >You take it out with tears rolling down your face. >LINK: $1000+ >yfw you're debt free again and still have 40k link left over.
You wanna declare bankruptcy over 15k? Quit whinin
Carson Ramirez
How much does your car cost? You're in no way supposed to be driving a car that's over a $1000 if you're in debt. If your car is over $1000 in value, I'm sorry but you're going to have to sell that thing and buy a cheaper one. After you sell that car pay off your debt, by saving up. I know it sucks but if you're living paycheck to paycheck it means you're going to have to do a side hustle, stop putting your money into scamcoins and SAVE. You're not going to get rich of these things unless you're already really rich, those people can take a hit, us normal joes cant.
Nathan James
>all social services for child rearing should be cut I agree with you. But if nigs and spics have kids when they cant afford it im willing to endure OPs financial strain for more white babies.
Christian Mitchell
Dude you'll be fine. Sell your fucking link and invest in 10 stocks that pay above 5% dividends per year. Make sure they are monthly payers like (O). I make around 10% now just in dividends per year with consistent dividend increases. 40k at 5 to 10% is 166 to 333 in cash a month. That's actually bill paying money. If you want to reduce expenses: refinance the house with a long term balloon note, like 7 to 10 years. This will save you a fuckton, and it's only temporary . Refinance into a conventional loan after you pay down your stupid debt. Use the cash from your dividends and your newly found mortgage savings to take care of your kid, and pay down your debt. 15k is chump change. Stop being a child. Good luck you baiting sunofa...
John Jackson
ding ding ding
so we're in agreement OPs fat fucking redneck "fiance" should quit her shit secretary job she's probably taking dick at anyway and become a tip working gibs taker?
John Howard
gambler's mind is one tricky bitch aint it
Elijah Jenkins
>Imo all social services for child rearing should be cut This but only for minorities
Grayson Lopez
sell your vehicle to cover the 10k
Ryan Brown
This^
Andrew Kelly
Yes make sure you declare bankruptcy really loudly or the authorities won't hear
David Watson
>>have 40k link
sell those link, u get 20k. rest pay check by chck.
link going to zero.
Dylan Garcia
Yes, do it before you marry her or else you'll drag her into your shit hole
Robert Morales
Uh you might wanna check binance bro...
Josiah Bailey
Also, you'll recieve credit offers the day after you clear to start rebuilding your credit.
Camden Jackson
Make sure to pay rent my wageslave pepe
Robert Smith
>fiance owns home, in her name >struggling with finances
I am imagining a fascist future dystopic city where everyone who is as retarded as you is forced to live communally and not allowed to leave. Jordan Peterson is the dictator-for-life of this penal colony city, but he has also cloned himself and his clones are running the guided living communities like drill sergeants. Your first job when you wake up is to clean your room. Every aspect of your life is controlled, so you can't make any more fucking retarded decisions and then do fucking retarded things like debate filing for bankruptcy when you're 10k in debt and making ok money. You will spend the rest of your life as a cog in the machine, because that is your place, because you don't have the intelligence or aptitude for self-determination, and I think ultimately, you and your cohort will be a lot happier that way.
