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So how much "bad" debt are you in? (lemmy.world)

submitted 1 year ago by ericbomb@lemmy.world to c/asklemmy@lemmy.world

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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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[-] kilcal@lemmy.world 12 points 1 year ago* (last edited 1 year ago)

Seattle Washington area

10k in credit cards

110k in loans

430k mortgage

20k car loan

Credit cards are a little high but that's just because I just took a vacation to Japan. I feel like I'm in a good place otherwise. I was lucky enough to buy my house before the pandemic when interest rates were super low and prices hadn't yet spiked so I'm hoping to sell it in a few years when the interest comes back down. My loans are 50k I took out of my 401k as a down payment on house, 35k for a heloc to fix the house, and 20k on a personal loan.

[-] ericbomb@lemmy.world 7 points 1 year ago

Oh that sounds stressful. Hopefully things work out as that feels like a lot.

this post was submitted on 20 Oct 2023

106 points (96.5% liked)

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