FinanceDebt
#RI-6a23c79b·8 months ago·
1
“Paying off $9K loan while considering charge off on $18K loan”
What Actually Happened
Charge off may affect credit score and future borrowing options
What I wish I knew
"Refinancing or negotiating with lender could have been explored"
Advice to Someone Facing This Now
If I could tell you one thing
"Communicate with lenders and explore all options before charge off"
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
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Finance Category
2,949
Finance decisions logged. Avg regret 4.9/10 across the category.
Same Outcome Band
36%
of Finance decisions land in the severe band the same as this one.
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