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So how much "bad" debt are you in? (lemmy.world)

submitted 1 year ago by ericbomb@lemmy.world to c/asklemmy@lemmy.world

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Hear about how much debt everyone in the US has all the time, curious about some of your stories!

My bad debt is 10k left on a school loan from a for profit school that is now out of business.

Only other debt is house.

So how are you all doing with debt management?

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[-] RBWells@lemmy.world 8 points 1 year ago

Bad, as a % of annual gross pay is about 25% of one year's pay. Mostly the deficit accrued from when my ex was not working. It's smaller than it was, but not by much. But moving in the right direction at least.

Plus mortgage on the house and a separate loan for the roof we had put on when we bought it.

[-] ericbomb@lemmy.world 4 points 1 year ago

Hey man as long as it's getting smaller, it'll be gone eventually!

this post was submitted on 20 Oct 2023

106 points (96.5% liked)

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