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ilanaks

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  1. The extra 10k is on top of my expenses and tax liabilities. I likely should have filed for bk when I was previously unemployed but should have enough now to pay off 80% or more of my outstanding debt. The only thing I'm considering is if I should try to get a settlement offer from Chase.
  2. Hello, I had some poor second line of income strategies and then was unemployed for 2 years so racked up a significant amount of credit card debt from 2016. Due to the pandemic, the issuers have closed the cards so I'm just focused on paying them off. Luckily I have a fair amount of income coming in now from my new consulting work so am just trying to address this in the most strategic way. Since interest has been accruing for 4 years a good portion of the debt is merely accrued interest. Given that the cards are closed I'm unsure of the best strategy (if I should try to get a settlement offer, work with a consolidation firm or just pay what's owed). I am a travel hacker so would like to be able to open miles and points cards again in the future but am prioritizing becoming debt free. I have roughly 35k in an IRA, currently 10k available to pay towards cards and will have 10k/month available to pay off through November (so 40k in total) at which point my consulting contracts end and my income stream is TBD. My credit is currently at 612 because of my high utilization. I am completely lost as to the best strategy and a friend directed me to this forum so would greatly appreciate any/all advice. All my current debts are below, I have no other debt besides my student loans which are all public. Issuer Card Balance Limit APR Open/Closed Amex SPG $ 10,381.97 $ 6,900.00 18.99% Closed Amex Platinum $ 20,269.28 N/A 18.24% Closed Amex Blue $ 1,469.59 $ 1,700.00 29.24% Closed Amex SPG Biz $ 1,521.80 $ 1,800.00 27.24% Closed Chase Marriott $ 5,849.21 $ 6,000.00 15.24% Closed Chase Sapphire Preferred $ 956.19 $ 1,000.00 15.99% Closed Chase Sapphire Reserve $ 10,036.69 $ 12,000.00 22.99% Closed Chase United Club $ 3,362.91 $ 5,000.00 15.24% Closed Chase United Explorer Paid Off $ 1,000.00 15.99% Closed Alliant N/A Paid Off $ 3,000.00 11.24% Open Target RedCard $ 1,321.89 $ 5,000.00 22.90% Open Discover It Paid Off $ 500.00 22.99% Open
  3. Hello, I had some poor second line of income strategies and then was unemployed for 2 years so racked up a significant amount of credit card debt from 2016. Due to the pandemic, the issuers have closed the cards so I'm just focused on paying them off. Luckily I have a fair amount of income coming in now from my new consulting work so am just trying to address this in the most strategic way. Since interest has been accruing for 4 years a good portion of the debt is merely accrued interest. Given that the cards are closed I'm unsure of the best strategy (if I should try to get a settlement offer, work with a consolidation firm or just pay what's owed). I am a travel hacker so would like to be able to open miles and points cards again in the future but am prioritizing becoming debt free. I have roughly 35k in an IRA, currently 10k available to pay towards cards and will have 10k/month available to pay off through November (so 40k in total) at which point my consulting contracts end and my income stream is TBD. My credit is currently at 612 because of my high utilization. I am completely lost as to the best strategy and a friend directed me to this forum so would greatly appreciate any/all advice. All my current debts are below, I have no other debt besides my student loans which are all public. Issuer Card Balance Limit APR Open/Closed Amex SPG $ 10,381.97 $ 6,900.00 18.99% Closed Amex Platinum $ 20,269.28 N/A 18.24% Closed Amex Blue $ 1,469.59 $ 1,700.00 29.24% Closed Amex SPG Biz $ 1,521.80 $ 1,800.00 27.24% Closed Chase Marriott $ 5,849.21 $ 6,000.00 15.24% Closed Chase Sapphire Preferred $ 956.19 $ 1,000.00 15.99% Closed Chase Sapphire Reserve $ 10,036.69 $ 12,000.00 22.99% Closed Chase United Club $ 3,362.91 $ 5,000.00 15.24% Closed Chase United Explorer Paid Off $ 1,000.00 15.99% Closed Alliant N/A Paid Off $ 3,000.00 11.24% Open Target RedCard $ 1,321.89 $ 5,000.00 22.90% Open Discover It Paid Off $ 500.00 22.99% Open

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