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Leesa926

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  1. Now I KNOW they say it is never good to take out of your 401k. I left my previous job in December. Was only there 4 years and have about 18k in the 401k. I'm thinking if I just take it out I can pay like 90% of our debt except a low interest car. We could pay the rest of non car debt within 4-6 months probably sooner. I know all the reasons not to but at the same time most people probably have a lot more in their 401k when they say don't touch it. My new job I have shares of stock that will vest in about 3 years. Current total would be $95,000 and I'm pretty sure it will be higher by then. I figured if had I taken another job I would not have that luxury. Thoughts? I just want to get out of this debt. Once I do I can max out an IRA or something so yes I'll loose the money it would turn into in 15 or so years but figure I can re save that 15k in 4 years so.... Please keep in mind I have not used credit in a long time. No need for it. Cards cut up, this is old high interest debt. I'm unable to get a lower interest at this time due to a bankruptcy a few years back. Again I know this is not usually advised but it's not a good lot of money in comparison and not gaining anything right now in the economic climate. Thoughts.
  2. Thanks. Already doing that. Just moved cell provider (great deal with work perk), haven't had cable in 5 years. Our biggest issue is eating out and where we can save the most. I have a new instapot (gift) so gonna put that to use! Luckily no gym or starbucks but we definitely have waste so going to evaluate. Getting paid monthly now I think will actually help!
  3. Agree but I think it's probably better to pay off my high interest loan first. The rest of my unsecured debt is 0% for another year which I plan to pay off within the year not adding any additional. I'll have my 401k and stocks to save for retirement for now. Think that sounds like a plan, if anyone disagrees let me know.
  4. I have no intention of cashing in the stock just meant I will have that in 4 years but I plan to leave it alone. Same with 401k. I think I'm just nervous as having the 15k in the bank feels nice as savings and/or downpayment but thinking better to pay off the 16k loan (haven't found a better loan for it) Already cut up cc except a cash back that pays all our bill's each month that is paid in full. I now get paid monthly so trying to budget better. With the money I was paying on the loan I can put towards cc and savings plus my score should go up. Just making sure that's the best decision. It's a loan from upgrade so definitely not good interest wise. Hope that makes sense. Again not looking to buy now just prepping for what to do. 1st time I've had this extra money just sitting in the bank.
  5. Thank you. I appreciate all the help. No I don't think you are being mean at all. I am not planning on buying for at least 6 months-1 year + that's why I am looking to plan now. I admit I was emotional and pregnant during that post. The car payments we have I was getting mileage from work that paid one of them. Not the best scenario but it was needed (the 2nd car). I agree need to take a better look at how we handle money that's why I am wanting to see if it's better to pay off the debt with the cash we do have. I intend to pay off the cc within the 15 months before the 0% expire. I wasn't really planning on touching the 401k just a quick thought that came in my mind but I know not good. I'm thinking pay the 16k loan, put that money towards the cc debt so in a year or so we will be rid of debt then can look to buy. In buying I am not looking to overextend as well. Just something close or less then our rent. Want to be settled before my 1.5 year old starts school.
  6. Just went through and made a monthly budget. Trying to buy a house in the next year or so and came into some money trying to find best way to deal with it. Pay off debt, use as down payment, etc. I make decent money due to a new job and promotion this year. After bill's we have about 1500 left over not only paying minimum on the debt so I know we need to do something. Our debt is: - 16k loan high interest (about 16%) 4 years left about 500/month - 15k cc currently on 0% interest - 2 car payments totalling 750/month. Still 4 years to go. Decent interest I have about 16k saved and also 20k on 401k. I left the job so I can take it out or roll it over. I know not good to take but if I needed for down payment or if it's better to pay debt. I have about 60k in stock that should go up but won't vest for 4 years. Amazon I'm thinking best option is pay the 16k off and put that payment (500/month) towards the other debts. Just liked having that security as well as possible down payment but most home mortgage programs I could probably get are 0-3% down some with no pmi (did that with our 1st) Thoughts??
  7. I joined credit boards 12 years ago when I bought my first house and it helped me tremendously! Currently we are renting due to a job move and trying to decide best time to buy. Want to clean up any credit issues as well. Score around 675-700 but should go past 700 just had some high utilization I paid and inquiries that will fall soon. I have a few questions. 1- We filed bankruptcy but it was discharged in 3/2017 so my understanding is I'd be ok since 3 years have passed. 2- Sold our home 3/18 and many 1st time home buyer programs allow if you haven't owned a home in 3 years. Last time I went through one and had 0% down. No PMI. Is it worth waiting till next year? Lease ends in July. 3- I left my job in Dec (similar position so should be ok) I can move my 401k, keep it but would it make sense to use for down payment. It's like 18k after 10% if I took it out. 4- I have about 18k saved. Is it better to use for down payment, pay off debts or save for emergency. (Paid some debt already but most of the $ came from job sign on bonus) 5- Is it best to go through a mortgage broker or direct to bank/credit union? I will be reading the forums so sorry as some of this is probably answered but wanted to post due to the bankruptcy and 1st time homeowner questions. Thanks!!
  8. I joined credit boards 12 years ago when I bought my first house and it helped me tremendously! Currently we are renting due to a job move and trying to decide best time to buy. Want to clean up any credit issues as well. Score around 675-700 but should go past 700 just had some high utilization I paid and inquiries that will fall soon. I have a few questions. 1- We filed bankruptcy but it was discharged in 3/2017 so my understanding is I'd be ok since 3 years have passed. 2- Sold our home 3/18 and many 1st time home buyer programs allow if you haven't owned a home in 3 years. Last time I went through one and had 0% down. No PMI. Is it worth waiting till next year? Lease ends in July. 3- I left my job in Dec (similar position so should be ok) I can move my 401k, keep it but would it make sense to use for down payment. It's like 18k after 10% if I took it out. 4- I have about 18k saved. Is it better to use for down payment, pay off debts or save for emergency. (Paid some debt already but most of the $ came from job sign on bonus) 5- Is it best to go through a mortgage broker or direct to bank/credit union? I will be reading the forums so sorry as some of this is probably answered but wanted to post due to the bankruptcy and 1st time homeowner questions. Thanks!!
  9. I know, I know.... normally I wouldn't but I've been in panic mode....
  10. $59.99 as a 1x. They have monitoring as well. It came with the auto enhanced included on myfico
  11. Only EQ has the low auto scores the other 2 have Fico 9 at 650 and 664. Maybe that can help. Thanks all!
  12. Thanks just hoping not crazy interest! Don't think I've ever had a car loan over 2%...ugh
  13. Based on my scores above can I get a car loan. Decent loan I mean? Will having a coborrower even help? I could try my credit union as well
  14. Pulled my scores.... Fico 658 EQ 638 TU 664 EX FICO 9 Auto 603 604 605 Fico 8 Auto 664 623 602 auto 2 score. Think I'm gonna have trouble....
  15. Thanks. See I always thought it was easier to qualify for a lease...shows whatI know. Will work on my fico scores to see what I'm dealing with.

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