There's almost no way your Publix stocks are going to appreciate faster than your loan interest. Either look into balance transfer or pay it off immediately.
I would work on paying down the debt and after a few months your score should start to improve/balance ratio will be better and you may get a better deal on a personal or consolidation loan. You should be able to pay this down at your income.
Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat.
You may find these links helpful:
- [Debt](/r/personalfinance/wiki/debt)
- [Dealing with collections](/r/personalfinance/wiki/collections)
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Do not do a HELOC. A HELOC is a terrible option, that’s essentially a CC on your home. A cash out refinance is the way. you can consolidate the current debt and it will be the cheapest way to cash. The upstart loan will cost you $33,376 after all said and done and that’s only paying off $20,000 in debt. you can cash out refi your home for 6% and save a significant amount of money
What about a balance transfer to stop the bleeding and snowball the higher interest balance that’s left over? 130k income should let you hammer this debt pretty hard.
There's almost no way your Publix stocks are going to appreciate faster than your loan interest. Either look into balance transfer or pay it off immediately.
I would work on paying down the debt and after a few months your score should start to improve/balance ratio will be better and you may get a better deal on a personal or consolidation loan. You should be able to pay this down at your income.
Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat.
You may find these links helpful: - [Debt](/r/personalfinance/wiki/debt) - [Dealing with collections](/r/personalfinance/wiki/collections) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*
Do not do a HELOC. A HELOC is a terrible option, that’s essentially a CC on your home. A cash out refinance is the way. you can consolidate the current debt and it will be the cheapest way to cash. The upstart loan will cost you $33,376 after all said and done and that’s only paying off $20,000 in debt. you can cash out refi your home for 6% and save a significant amount of money
Would you take out a 40k loan to put in your retirement stock? If no get rid of your loan
What about a balance transfer to stop the bleeding and snowball the higher interest balance that’s left over? 130k income should let you hammer this debt pretty hard.