this post was submitted on 20 Oct 2023
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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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[โ€“] pyrflie@lemm.ee 4 points 11 months ago* (last edited 11 months ago) (1 children)

None that I would call bad. Less than 10k school loans, about 3K on a new car I a bought a few years back, and 110K on my mortgage. It's all under 3% fixed rate and well within my budget though, so I'm not too worried.

That said I won't be taking out any new loans or refinancing for quite some time thanks to current interest rates.

[โ€“] ericbomb@lemmy.world 3 points 11 months ago

Yeah sounds like you're in a great spot with the interest rates and balances!