Debt relief programs and transferring debt isn’t going to help. Also, just because you “need” two cars for your business, do you need two financed cars? You should rethink thing and start taking sacrifices.

Do you have a budget? Did you cut all extra expenses? Do you go out to eat? Do you have cable? Subscriptions?

Talking to your sister like a grown adult would be key as well.

We don't use the cards anymore. She pays a bit over the minimum but not minimum plus interest charges, which keeps our balance high. If I take her off, there is a chance that she will just stop paying, but I did take her cards for my accounts away.

I can't sell either of my vehicles since I need them both for work. The only reason they are even under my name is cause I was an idiot and didn't put them under my business.

Mostly, I am looking for debt relief solutions. I know American Debt Relief can help, but since the majority of the debt isn't mine, it is difficult to find anything.

Trying to keep my sister on a budget is like trying to herd cats.

The road to hell really is paved with good intentions I guess 🙄

First things first - take your sister OFF of your credit cards. Secondly, sit down with her and go thru a budget and have her stop spending so much money thah she can’t pay off YOUR ccs.

Thirdly - you need to get on a budget and get out of the vicious cycle of credit cards. Cut them up and stop using them. The disadvantaged outweighs the advantages. Get on a budget, sell a car or both (depending on how bad that debt is).

A single cycle of IVF is going to cost you more than $10k. Between your consults and mom's testing with the RE, your testing, your sample collection + cryo and/or donor usage requirements, the amount of meds you need, the number of stim cycles you need, etc. The meds alone for one round of stim are $7k+, and that is just the horomone injections. After that there are considerations for costs associated with the lab work to create the embryos, the storage of any embryos that are created that you don't use in the first cycle, genetic testing on any viable 3 or 5 day embryos, prepping mom's body and the actual embryo transfer itself, and lastly anything that may come up in between.

Make sure the plan you choose will cover the PHARMACY part of IVF, that is a significant portion of the cost. The meds are not cheap. Also take into account deductibles and copays/OOP max if not explicitly covered under the ART benefit.

Also know that it might take more than a year so you might be with this secondary plan for longer than just a single year.

Source: IVF in 2019 we had our first consult in January and embryo transfer did not happen until September. Got lucky and only had to do just 1 cycle (18 eggs collected, 6 5-day embryos, only 1 was viable after genetic testing and grading which was implanted and successful). Total cost was close to $20k, including unexpected surgery for my wife to remove some polyps from her uterus before transfer.

Did you also check deductibles, out of pocket max, copays, and how it provides for pregnancy? Can you use the same doctors you do now? You can’t just jump back on your employers once you’re pregnant btw. $850 also seems kinda low for two people without subsidies. And open enrollment is closed too

Maybe. To make sure, are you looking at the full price of the plan on healthcare.gov or a subsidized amount based on your income? If you are eligible for a plan through work you are inelligible for a subsidy. Also, keep in mind you can only get the plans during open enrollment at the start of each year unless you have a qualifying event.

Thanks! It seems to be the consensus

Yes I need to figure out what the tax burden would be if we sold thank you

Banker here. Get rid of all your credit card debt first. Then agressively save for a downpayment. 10-15% is good, but 20% is best. However, I know not everyone can do that. Loans with 20% down avoid having PMI (private mortgage insurance) tacked on. FHA loans require a minimum of 3% down.

That just makes it even worse. To have your entire emergency fund sitting in some investment.

Thank you for this math, we would be getting a pretty big loan (jumbo). Also where we are we will definitely have at least 10K in property taxes which I think also counts towards itemizing.

Yeah, don’t listen to that guy.

Your best bet is the 30%, and invest the liquid in the market.

Correct that it’s not ultra jumbo, but it would be a big loan

You’re absolutely right, but in this event OP is 1) not investing, he’s gambling and 2) he’s on a massive stroke of good luck that OP should not be expecting to continue.

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Best rates are usually 740 or even 769, but going FHA, a borrower at 640 can do okay. A lender is where they need to begin this journey.

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OP before you do anything my suggestion would be to talk to a lender and see if you can get prequalified for a mortgage as your credit stands now. You could very well quality for a FHA loan with 3.5% down. Competing in the market is a different story but knowing your baseline would be very helpful so you can prioritize which debts to pay off, if any, to close on your home. Some lenders want cars paid off, others want to see credit cards gone.

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Wait so you have literally no emergency fund aside from money in a risky investment? That’s even worse. Take that money out. Put a reasonable amount in a real emergency fund. Then use the rest to pay down your credit card debt.

What is the investment?

I make about 70k without overtime or bonus. I have a good amount set aside for emergencies, 20% down set aside to buy a house within a year, 2 retirement accounts and 60k in investment account.

That 60k is just gonna be there doing it’s main purpose and not be an emergency fund.

You need to delete all the posts you put on multiple subs and ask more appropriate questions of “i make this much a year with this much debt and this much spending a month. How should i divide up my monthly income to quickly pay off debt a, b and c while saving money for downpayment”