Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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some repeats:
check if you can do a harp refi. foreclosing would be last resort. talk to lender about possibility of shortsale if you can't do a harp, and you really want to get out. if the...
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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Thank you for the replies so far, I have one further question in regards to the credit score. I was under the assumption once I pay off all my debt by end of 2013 I was expecting my score to shoot...
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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15 Replies
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First get a good chunk of change put aside for a rainy day fund. Probably around 10-15k. Then pay down those debts. Then start working about anything else like new car and such.
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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15 Replies
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I have a new job which pays 90k base with anywhere from 20-40k in bonuses a year.
Here is my financial info: Age 30, Single, Male, Current 401k is $35k.
Debt: 20k student loans, 15k cc debt....
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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15 Replies
2,185 Views
If your current credit score is ~600 and you let the bank foreclose on your home, it's going to be quite awhile before you can get another mortgage I would think. I would strongly reconsider that...
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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15 Replies
2,185 Views
Some of these suggestions are going to be repeats:
Congratulations on the job, but don't fall into a false sense of security too quickly. Build up an emergency fund.
I'd reduce what you're...
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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Man...we're the same age. You make 30k more than I do a year and I have over 150k in my retirement and I have no debt. You need to stop spending and start saving.
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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Congrats on getting a well paying job. Be thankful you got that locked up. Solution to all your problems...keep working hard, and keep moving up in your field.
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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15 Replies
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do everything in your power to get rid of the credit card debt. make it your apollo 13 mission. just figure out a way to land on that credit card debt free moon.
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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Credit can go down quickly but go up slowly! If you look at a credit report it goes back a few years and any red blemish remains for years and the first thing someone looks at if reviewing your...
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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15 Replies
2,185 Views
pay off loans and credit card
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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OK.. You have multiple things going on here let us try to tackle.
If you plan to get married in 5-7 yrs than your focus needs to be reduce debt and increase credit score.
If your car is 10...
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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15 Replies
2,185 Views
My only advice is be a spendin fool
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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he should get married, don't couples get tax break/
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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15 Replies
2,185 Views
Forget about your 401K and you credit score and knock down your CC debt. Everything extra goes to the bank. Sorry, you ran it up...now it's time to pay up.
Then work on your student loans. Draw up...
Need advice on what to do with new higher pay job
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Thread created 11-04-2012 by chyamor
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15 Replies
2,185 Views
Your score should go up slowly as you pay off the debt. It's not going to be an overnight change from 600 to 700. Very easy to damage your score, but it takes time to fix it. How high it goes will...
