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Users are looking for a tool that helps them strategize their debt repayments, considering their income and expenses. This would help users prioritize which debts to pay off first based on interest rates and personal financial goals.
To keep it short and sweet we’ve (husband and I) accumulated way too much debt and cannot keep on like this. We see the error of our ways and want to make better decisions but need advice on the best way forward. Life has threw us some crappy situations but we also haven’t been the best at managing money and want to do better. Current situation: 20k personal loan About 10k in credit cards 2 financed cars Mortgage 37k in student debt I am a RN. Husband is a machine operator. Annual income comes in around 100k. We live in a very small rural area. Expecting our first child in May. We’re starting to consider bankruptcy or allowing one of the cars to be repossessed. Obviously this will destroy our credit but we’re okay with that outcome as long as it’s feasible to rebuild it in the next 2-3 years. My Current credit score is over 800. Please no badgering me about how we’ve gotten here, we know all the things we’ve done wrong. Just need help finding a way forward.