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honestly it seems more like his wife got breast cancer from a drug for a serious autoimmune disease, he is a contractor hence marketplace insurance and the deductible usually starts at 7-10k. That ruins most people's emergency funds. Say what you will but medical poo poo can gently caress up everything in the states.
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Dec 20, 2018 01:48
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Yea, a depressing number of bankruptcies are medically motivated and for people who had insurance. Unless you have a very good plan through an employer that you can cling to while sick, it's easy to get buried in bills.
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Dec 20, 2018 02:18
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Yeah, I’m not really making fun of the fact that someone is forced to live paycheque to paycheque, more the idea of a 60-hour emergency fund.
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Dec 20, 2018 02:20
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Subjunctive posted:Yeah, I’m not really making fun of the fact that someone is forced to live paycheque to paycheque, more the idea of a 60-hour emergency fund. I don't know the circumstances and he could well turn out to be a BWM superstar but given the prior history I'm willing to cut some slack, personally. Self-employed heath insurance is a loving nightmare in the US even with ACA and when you have a sick wife it's not so easy to squirrel away an emergency fund. I mean we could sit around all day and second-guess whether he should have bought this thing or that or why isn't he driving a 10 year old beater car etc. etc. but right now I feel like there is more fertile BWM ground to be sown. Like: https://www.reddit.com/r/personalfinance/comments/a7thsx/how_long_would_it_take_an_unpaid_55k_loan_to_go/ quote:There's no way to refute or cancel it(?) but I don't feel responsible for the loan for details I will spare you from. I already have a car loan and I won't be getting a mortgage for at least 8 years, my only other concern with credit is it could effect job opportunities that check credit. If I were to ignore the loan and not declare bankruptcy, how long till it falls off my credit report? Before you ask why don't I pay it off, I have too many other bills and debt I'm already struggling with that have far worse consequences if I fail to pay such as eviction, no utilities, loss of medical treatment and reposession. I've also contacted the lender to ask for adjustment on the monthly amount and term limit which they declined. As counter-intuitive as it sounds, I'd like to start saving at the expense of non-payment of the 5.5k even if it make take years to recover my credit as a result. Thanks for the read Or: https://www.reddit.com/r/personalfinance/comments/a7tf76/19_year_old_in_bad_finance_situation_with_car/ quote:I just turned 19 years old in November and when I turned 18 everything was brand new and I felt the need to look for a car to finance, well I did, January 3rd 2018 I financed $13,890 on a 2015 Dodge Dart with an interest rate of 17.74%. If anyone knows anything about Darts, you’ll know that they were a complete failure from FCA (I did not know this at the time) it had 27,000 miles and I thought the price was good for what I was getting (navigation, manual transmission, and the black appearance package. Now I’m almost to the one year mark of ownership and the car is not worth what I am paying for it. My payments are around $350 a month and I drive anywhere from 300-600 miles a week which can cost on the low side of $23 a week to fill up @300 miles or $46 to fill up @ 600miles. The car has a small gas tank so my fuel range is limited. I owe about $12,600 and it’s worth about $8,000 (trade in) I’m considering trading it in for a new car that is financially economical, and has a rebate that can cover my negative equity. My credit is in remission after an unfortunate financial situation I was put in a few months ago. So about 600 is my score and I could maybe put down $600-$1,000. What price range should I be looking at? And new or used? And should I even do it? I will have 4 years left and it currently has 43k miles. I started working at a ford dealership 2 months back so I think that helps a little. One car I was looking at was a 2018 Ford Fusion SE for $22,600 with rebates of $3,000 plus. I can manage higher payments to get something that makes sense. Ixian fucked around with this message at 06:21 on Dec 20, 2018 |
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Dec 20, 2018 06:18
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Krispy Wafer posted:I almost go bankrupt every leap year. UCS Hellmaker posted:honestly it seems more like his wife got breast cancer from a drug for a serious autoimmune disease, he is a contractor hence marketplace insurance and the deductible usually starts at 7-10k. That ruins most people's emergency funds. Say what you will but medical poo poo can gently caress up everything in the states.
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Dec 20, 2018 06:33
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Ixian posted:I mean we could sit around all day and second-guess whether he should have bought this thing or that or why isn't he driving a 10 year old beater car etc. etc. but right now I feel like there is more fertile BWM ground to be sown. Like: I’d say I found my ex-wife posting on reddit, but she already knows how long it takes non-payments of debt to fall off credit reports  On second thought this poster mentions wanting to start saving, so nope, that’s definitely not her.
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Dec 20, 2018 06:34
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https://www.reddit.com/r/personalfinance/comments/a7u1l8/how_bad_is_my_vehicle_lease/quote:How bad is my vehicle lease quote:For First 72 months: $475 montly (435 + 40 [for mechanical protection plan]) for 71 payments totaling $34k quote:but to answer your question yeah options of my lease quote:19k SL and 48k yr income
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Dec 20, 2018 07:12
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SiGmA_X posted:https://www.reddit.com/r/personalfinance/comments/a7u1l8/how_bad_is_my_vehicle_lease/ My eyes glazed over a bit reading that mess, but am I correct in thinking that buried in all that was basically an option to make payments for NINE YEARS on that stupid truck? (That "3 years + 72 months" option) Imagine buying a car in TYOOL 2009 and making your last payment on it this month.
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Dec 20, 2018 07:18
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UCS Hellmaker posted:honestly it seems more like his wife got breast cancer from a drug for a serious autoimmune disease, he is a contractor hence marketplace insurance and the deductible usually starts at 7-10k. That ruins most people's emergency funds. Say what you will but medical poo poo can gently caress up everything in the states. Ah, well, gently caress. Can't even make fun of the mods without feeling like poo poo in this drat country.
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Dec 20, 2018 07:32
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Vox Nihili posted:https://forums.somethingawful.com/showthread.php?threadid=3877294&pagenumber=1&perpage=40 Well, he made his go fund me, so really he isn’t the bad with money one. Edit: well I didn’t see this until the next page, so um, yeah I guess I can judge if that’s the case. UCS Hellmaker posted:honestly it seems more like his wife got breast cancer from a drug for a serious autoimmune disease, he is a contractor hence marketplace insurance and the deductible usually starts at 7-10k. That ruins most people's emergency funds. Say what you will but medical poo poo can gently caress up everything in the states.
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Dec 20, 2018 14:40
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Known Lecher posted:My eyes glazed over a bit reading that mess, but am I correct in thinking that buried in all that was basically an option to make payments for NINE YEARS on that stupid truck? (That "3 years + 72 months" option) As I was reading it initially, I was like "ok well that's a lovely deal, but he can just walk after the lease, it's pretty much a regular lease if he does that." And then I saw that the amount he will have paid over the course of the normal lease was actually the same price as buying a new truck outright (without letting yourself get shafted). In other news, my local Board Game Bar I mentioned before has been open for a month now, and they have already upped their sitting fee from $7 to $10. I have no idea if this is because they underestimated their popularity, and decided they can fleece people for more money, or they underestimated their costs, and were already going under at $7.
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Dec 20, 2018 15:47
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17% on a car loan, holy moly.
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Dec 20, 2018 16:01
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It's super sad that his family apparently pressured him to make an even worse decision than he originally intended
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Dec 20, 2018 16:35
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It could have been kids getting tired/bored and just wanting to get things wrapped up and the salesman took advantage.
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Dec 20, 2018 17:27
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SiGmA_X posted:https://www.reddit.com/r/personalfinance/comments/a7u1l8/how_bad_is_my_vehicle_lease/ This poo poo should be loving illegal.
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Dec 20, 2018 20:13
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Ixian posted:https://www.reddit.com/r/personalfinance/comments/a7tf76/19_year_old_in_bad_finance_situation_with_car/ BWM 2018: My credit is in remission.
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Dec 20, 2018 21:24
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Ashcans posted:17% on a car loan, holy moly. My friend bought a car and had that. I told him to pay it off ASAP if he was able too. For the record I think it was his very first credit line etc. So I can see if the guy was young getting a terrible deal.
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Dec 20, 2018 21:45
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Jack2142 posted:My friend bought a car and had that. I told him to pay it off ASAP if he was able too. For the record I think it was his very first credit line etc. So I can see if the guy was young getting a terrible deal. I hope this counts under the amusing anecdote carve out in the rules: My first car I bought I didn't even know the interest rate on.  I was working part time 9 months a year at a K-12 school district with no health insurance. Signed on the dotted line for a ~$325/month payment for 5 years (I think, this was a long time ago) on a $9,995 car that they had grossed up to $15,000 with surprise-in-the-finance-room fees. I literally never found out what the interest rate was on that loan and this was before bills had to have it on there.
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Dec 20, 2018 22:27
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https://www.reddit.com/r/personalfinance/comments/a7w712/recently_laid_off_22k_in_credit_card_debt_no/ Recently laid off, $22k in credit card debt, no savings. Can barely pay rent, let alone CC payments. quote:Long story short; a very unfortunate sequence of emergencies coupled with some exuberant spending led to a 200-point nosedive in my credit score in the span of a couple months, with my FICO score sitting at 610 now and $22k deep in credit card debt. All my credit card limits got slashed heavily, which means that my credit utilization went up to 80% in the process. Got about $7k of credit card utilization left. No savings. And here’s the kicker: I was recently laid off. SiGmA_X fucked around with this message at 23:45 on Dec 20, 2018 |
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Dec 20, 2018 23:43
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In the replies:quote:keeping up with people in the finance industry is really not a game I should be playing yet in hindsight, even if you justify it to yourself as "networking" and "relationship building." also, a lot of my savings were in small-cap stocks that basically lost half their value in the past few months. no joke. Whoops.
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Dec 21, 2018 00:28
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Why do they always lead off with oh no my credit score took a dive, also I'm unemployed and can barely pay my bills.
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Dec 21, 2018 00:37
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George H.W. oval office posted:Why do they always lead off with oh no my credit score took a dive, also I'm unemployed and can barely pay my bills. My spouse and I are complete opposites and I'm a co-signer on a now totaled car https://www.reddit.com/r/personalfinance/comments/a82d46/my_spouse_and_i_are_complete_opposites_and_im_a/ quote:First post, and I'm in need of some advice. Thinking of buying another car. Need advice as I can’t currently afford to make a payment. https://www.reddit.com/r/personalfinance/comments/a82t6d/thinking_of_buying_another_car_need_advice_as_i/ quote:My current vehicle is paid off but in very poor condition and I’m thinking what it would cost to get it in a better state I might as well buy another used car. I don’t make enough to make a payment and was thinking about driving Uber/Lyft to pay the car off. quote:So my current car needs a lot. Here’s what I know of: Muffler, axle, serpentine belt, valve cover gasket, suspension on the front. That’s the stuff I know about.
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Dec 21, 2018 00:47
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https://philadelphia.craigslist.org/ctd/d/after-3-years-not-1-client-has-been/6775811613.htmlquote:WE ONLY ASK FOR PROOF OF INCOME 2 RECENT PAY STUBS LICENSE & A CHECKING ACCOUNT STATEMENT IF YOU DON'T HAVE ANY OF THESE BRING A FRIEND AND THEY CAN ADD THEIR INFORMATION FOR YOU!
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Dec 21, 2018 02:23
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SiGmA_X posted:https://www.reddit.com/r/personalfinance/comments/a7u1l8/how_bad_is_my_vehicle_lease/ Why does he say "I'll end up paying 50-55k" when his payments plus buyout is over 55k PLUS he says he put money down? I hope this truck at least had a ton of options on it. It's possible to get what he said he bought (Ford XLT 4WD crew) with a window sticker of pretty close to 45k, so it's possible he paid pretty close to full MSRP for a truck that's a year old right now and should be like 10k under MSRP. Based off his 21k residual after SIX YEARS I'd guess the truck window'd for over 50 grand so maybe he at least didn't do terrible in that regard.
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Dec 21, 2018 02:29
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SiGmA_X posted:
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Dec 21, 2018 02:38
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SpelledBackwards posted:Will 2019 finally be the year I finance my dream thread title: "But it's my dream car!"? but its my dream horse
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Dec 21, 2018 03:00
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FAUXTON posted:but its my dream horse dream horses can quickly turn into night mares.
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Dec 21, 2018 03:39
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Guest2553 posted:dream horses can quickly turn into night mares. Booooooooo
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Dec 21, 2018 03:40
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Guest2553 posted:dream horses can quickly turn into night mares. We really need to reign in these horse puns.
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Dec 21, 2018 03:42
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Saw the word "horse" today.
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Dec 21, 2018 03:50
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Motronic posted:https://philadelphia.craigslist.org/ctd/d/after-3-years-not-1-client-has-been/6775811613.html Good Lord I can hear this screaming through the radio in my head
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Dec 21, 2018 04:01
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Guest2553 posted:dream horses can quickly turn into night mares. User was put on probation for this post
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Dec 21, 2018 04:04
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Murderball posted:User was put on probation for this post You are a good mod.
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Dec 21, 2018 04:05
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Motronic posted:You are a good mod. Hope you're enjoying the tag
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Dec 21, 2018 04:07
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Murderball posted:Hope you're enjoying the tag I've had several thread titles at this point! (he cries lamely into the uncaring void)
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Dec 21, 2018 04:11
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Murderball posted:Hope you're enjoying the tag I kinda figured that had to be you. It's prefect.
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Dec 21, 2018 04:17
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College Guy Needs Advice Regarding Keeping or Selling a New Car (self.personalfinance) submitted 21 minutes ago by n2018man quote:So I bought a new 2018 Toyota Yaris iA because my old car needed about $1500 worth of work all at once, I was broke, and I couldn't even get approved for a credit card since I had no credit history.
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Dec 21, 2018 04:42
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Guest2553 posted:dream horses can quickly turn into night mares. Worse is that that pun is a xanth title.
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Dec 21, 2018 05:07
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Motronic posted:College Guy Needs Advice Regarding Keeping or Selling a New Car (self.personalfinance) How fuckin’ loaded is that Yaris!?
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Dec 21, 2018 05:23
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It came from a letter to an advice column"Dear Prudence posted:Dear Prudence, There's also an extra house involved.
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Dec 21, 2018 05:37
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