[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 9 KB, 529x111, cha.png [View same] [iqdb] [saucenao] [google]
10795169 No.10795169 [Reply] [Original]

Guys, I am panicking, I only have 4k link and 2k in cash.
Problem is I have some debt I need to pay off. Should I just buy the link? Seems like I don't have much time.. How long do I have?
And should I use all my money to be debt free in 4 months or buy link?

>> No.10795186
File: 818 KB, 736x1344, 977.jpg [View same] [iqdb] [saucenao] [google]
10795186

>>10795169
if the debt isn't to the mafia you know what to do

>> No.10795203

>>10795186
I owe my mom 2k and 6k on my credit cards. The 6k is $100 a month in interest...

>> No.10795213

Pick the certainty of being debt free, if link works out you'll still have enough for a house at least

>> No.10795217

I would say fuck the debt. But I have less at stake here. Find more time to pay off the best and buy link and wait for the price to skyrocket now you have way more to pay debt off

>> No.10795243

>>10795169
can you consolidate your debt into a loan using lending club or something like that? see if you can get a low interest loan and have a smaller payment

>> No.10795266

>>10795203
You better give at least 1k of that to your mom. You decide the rest.

>> No.10795282

>>10795243
I tried that and was denied. My credit isn't the best.. around 650 due to my high utilization rate. Also don't have a long income history so that is probably why. Honestly I don't find the $100 a month in interest to be that much of burden, its the debt to my family that is more of an issue

>> No.10795291

>>10795169
Never screw over your mom.

>> No.10795308

>>10795266
>>10795291
KK, I'm gonna pay her back. I have a monthly surplus after bills and expenses of 2k. My main concern is if I should buy link now & September delaying paying her back to October

>> No.10795319

>>10795169
Do you think LINK will appreciate more than the interest on your loan? If so buy more LINK.

IF you think your interest will outpace your LINK gains, pay your CC. Really fucking simple.

Or don't be a brainlet and roll your balance to a 0% interest credit card with free balance transfer.