I need about $20k to get us through a layoff-home equity loan?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Y'all are so off topic. OP's kids are small and don't have mental health issues. She was just living to the max and it bit her in the a$$.

My child was diagnosed with a mental health condition when she was 2.5 yo. We've spent thousands on therapy for that condition.

Also to add, none of the therapists that treat that condition are in-network for any insurance.

So you use your health insurance, and the following year you budget for it. No one is saying medical costs are not obnoxious, but they’re hardly surprising. That’s literally t kohe point of health insurance - to limit surprises and allow you to budget. You are bad with money if your kids’ multi-year health condition frequently made you broke.

We did not go broke (thanks for your concern, lol) but it was tough. We have an only child and it was thousands for 6 months of weekly appointments with one therapist. We are privileged that was all our child needed.

I don't think you understand what it means that none of the high quality therapists take insurance. Sure, we could have stuck with the awful therapist that was in network, but it would have been a waste of time and money, because it wouldn't have done anything for our child. That doesn't change from one year to another. And no, with young children the needs are not predictable.

Wild guess but OP you sound like someone who probably supports universal health care. This exact statement is why I take approximately zero of you seriously.

I'm not OP. I am someone who has lived in a country with universal healthcare, and yes I think that would be better in many ways. I got much better mental health care there than I have here. I certainly don't see how it would be worse than our current system.

We have universal for military, low income and seniors and I can tell you from my experiences it sucks and its near impossible to get medical care.

You can get therapists who are decent to take insurance but you have to be flexible and reasonable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Y'all are so off topic. OP's kids are small and don't have mental health issues. She was just living to the max and it bit her in the a$$.

My child was diagnosed with a mental health condition when she was 2.5 yo. We've spent thousands on therapy for that condition.

Also to add, none of the therapists that treat that condition are in-network for any insurance.

So you use your health insurance, and the following year you budget for it. No one is saying medical costs are not obnoxious, but they’re hardly surprising. That’s literally t kohe point of health insurance - to limit surprises and allow you to budget. You are bad with money if your kids’ multi-year health condition frequently made you broke.

We did not go broke (thanks for your concern, lol) but it was tough. We have an only child and it was thousands for 6 months of weekly appointments with one therapist. We are privileged that was all our child needed.

I don't think you understand what it means that none of the high quality therapists take insurance. Sure, we could have stuck with the awful therapist that was in network, but it would have been a waste of time and money, because it wouldn't have done anything for our child. That doesn't change from one year to another. And no, with young children the needs are not predictable.

You were lucky it was only for 6 months and thousands. Many of us pay far more for far longer. But we budget to make it work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Y'all are so off topic. OP's kids are small and don't have mental health issues. She was just living to the max and it bit her in the a$$.

My child was diagnosed with a mental health condition when she was 2.5 yo. We've spent thousands on therapy for that condition.

Also to add, none of the therapists that treat that condition are in-network for any insurance.

So you use your health insurance, and the following year you budget for it. No one is saying medical costs are not obnoxious, but they’re hardly surprising. That’s literally t kohe point of health insurance - to limit surprises and allow you to budget. You are bad with money if your kids’ multi-year health condition frequently made you broke.

We did not go broke (thanks for your concern, lol) but it was tough. We have an only child and it was thousands for 6 months of weekly appointments with one therapist. We are privileged that was all our child needed.

I don't think you understand what it means that none of the high quality therapists take insurance. Sure, we could have stuck with the awful therapist that was in network, but it would have been a waste of time and money, because it wouldn't have done anything for our child. That doesn't change from one year to another. And no, with young children the needs are not predictable.

Wild guess but OP you sound like someone who probably supports universal health care. This exact statement is why I take approximately zero of you seriously.

I'm not OP. I am someone who has lived in a country with universal healthcare, and yes I think that would be better in many ways. I got much better mental health care there than I have here. I certainly don't see how it would be worse than our current system.

We have universal for military, low income and seniors and I can tell you from my experiences it sucks and its near impossible to get medical care.

You can get therapists who are decent to take insurance but you have to be flexible and reasonable.

Nope, there were exactly zero therapists qualified to treat my child's condition that took insurance. In the second year we got our insurance to pay for the private therapist because they finally admitted they couldn't treat her. But it takes time to prove this and in the meantime you either delay treatment (for a condition where early intervention is key) or you buckle up and pay the costs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Y'all are so off topic. OP's kids are small and don't have mental health issues. She was just living to the max and it bit her in the a$$.

My child was diagnosed with a mental health condition when she was 2.5 yo. We've spent thousands on therapy for that condition.

Also to add, none of the therapists that treat that condition are in-network for any insurance.

So you use your health insurance, and the following year you budget for it. No one is saying medical costs are not obnoxious, but they’re hardly surprising. That’s literally t kohe point of health insurance - to limit surprises and allow you to budget. You are bad with money if your kids’ multi-year health condition frequently made you broke.

We did not go broke (thanks for your concern, lol) but it was tough. We have an only child and it was thousands for 6 months of weekly appointments with one therapist. We are privileged that was all our child needed.

I don't think you understand what it means that none of the high quality therapists take insurance. Sure, we could have stuck with the awful therapist that was in network, but it would have been a waste of time and money, because it wouldn't have done anything for our child. That doesn't change from one year to another. And no, with young children the needs are not predictable.

You were lucky it was only for 6 months and thousands. Many of us pay far more for far longer. But we budget to make it work.

Yeah I know, I said that. And at this point you are just self congratulating and this convo has nothing to do with the OP.

[Anonymous]

Two choices. The one that others recommended, taking a 401K loan where you borrow against your retirement equity. Since you are expecting to be hired again in January, you can work on paying it back and by the end of 2024, you'll have paid the loan back (or sooner if finances allow).

Second, consider talking with a loan officer at the bank with your mortgage or the bank where you have your accounts and direct deposit. Provide them a copy of the job letter and ask if you can either get a suspension of your mortgage payments, which you will repay for the X months after you start your new job or a home equity loan or a personal loan based on the job that you have the confirmed letter from. In some cases, the mortgage lender will set up a loan or delayed payment program for you because getting their money delayed is far better than trying to go through penalties and foreclosure. For your personal bank, same thing, they make money off of your banking and with proof of employment, they may be willing to make a loan to you based on your banking history with them and being able to make high interest short term loan profit from you. But you have to call and speak with a loan officer. Your situation would not be covered by any on-line application process. There are loan vehicles that loan officers may be able to extend that will not be available via any other route.

Last, you just put money on credit cards and take cash advances at the exhorbitant loan rates from the credit cards to cover your expenses until you get your new job. You just need your husband's income to cover mortgage and minimum payments on the credit cards until you start your new job.

[Anonymous]

Cash advances are at 4-5% for the fee and 0% for the balance for a year. Then you find another card.
Two grow-up people haven't built enough credit to get that from a card? Any card. That's why you build credit and relationship with banks.

[Anonymous]

Anonymous wrote:Cash advances are at 4-5% for the fee and 0% for the balance for a year. Then you find another card.
Two grow-up people haven't built enough credit to get that from a card? Any card. That's why you build credit and relationship with banks.

Op here. Do you know how I find these offers? Do they come in the mail? Our credit scores are 800+, we could charge probably $150k today on all our credit cards but what I need is CASH to pay mortgage and childcare costs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Y'all are so off topic. OP's kids are small and don't have mental health issues. She was just living to the max and it bit her in the a$$.

My child was diagnosed with a mental health condition when she was 2.5 yo. We've spent thousands on therapy for that condition.

Also to add, none of the therapists that treat that condition are in-network for any insurance.

So you use your health insurance, and the following year you budget for it. No one is saying medical costs are not obnoxious, but they’re hardly surprising. That’s literally t kohe point of health insurance - to limit surprises and allow you to budget. You are bad with money if your kids’ multi-year health condition frequently made you broke.

We did not go broke (thanks for your concern, lol) but it was tough. We have an only child and it was thousands for 6 months of weekly appointments with one therapist. We are privileged that was all our child needed.

I don't think you understand what it means that none of the high quality therapists take insurance. Sure, we could have stuck with the awful therapist that was in network, but it would have been a waste of time and money, because it wouldn't have done anything for our child. That doesn't change from one year to another. And no, with young children the needs are not predictable.

Wild guess but OP you sound like someone who probably supports universal health care. This exact statement is why I take approximately zero of you seriously.

I'm not OP. I am someone who has lived in a country with universal healthcare, and yes I think that would be better in many ways. I got much better mental health care there than I have here. I certainly don't see how it would be worse than our current system.

We have universal for military, low income and seniors and I can tell you from my experiences it sucks and its near impossible to get medical care.

You can get therapists who are decent to take insurance but you have to be flexible and reasonable.

Medicare runs great IMO--doesn't suck at all and easy to find options--that's the closest to Universal Health Care.
Military doesn't count because it has specialty facilities--nothing like universal health care. And Medicaid is tied to low-income which has a lot of other issues.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Cash advances are at 4-5% for the fee and 0% for the balance for a year. Then you find another card.
Two grow-up people haven't built enough credit to get that from a card? Any card. That's why you build credit and relationship with banks.

Op here. Do you know how I find these offers? Do they come in the mail? Our credit scores are 800+, we could charge probably $150k today on all our credit cards but what I need is CASH to pay mortgage and childcare costs.

Do your daycares not take credit cards?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Cash advances are at 4-5% for the fee and 0% for the balance for a year. Then you find another card.
Two grow-up people haven't built enough credit to get that from a card? Any card. That's why you build credit and relationship with banks.

Op here. Do you know how I find these offers? Do they come in the mail? Our credit scores are 800+, we could charge probably $150k today on all our credit cards but what I need is CASH to pay mortgage and childcare costs.

Do your daycares not take credit cards?

Op here. My childcare situation is complex and multifaceted, and no, I can’t use credit cards to pay for it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Cash advances are at 4-5% for the fee and 0% for the balance for a year. Then you find another card.
Two grow-up people haven't built enough credit to get that from a card? Any card. That's why you build credit and relationship with banks.

Op here. Do you know how I find these offers? Do they come in the mail? Our credit scores are 800+, we could charge probably $150k today on all our credit cards but what I need is CASH to pay mortgage and childcare costs.

Do your daycares not take credit cards?

Op here. My childcare situation is complex and multifaceted, and no, I can’t use credit cards to pay for it.

OP, several people have asked you; how old are your kids? It seems some people are assuming your kids are infants in full time daycare. From the above, it sounds like your children's care is a nanny?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Cash advances are at 4-5% for the fee and 0% for the balance for a year. Then you find another card.
Two grow-up people haven't built enough credit to get that from a card? Any card. That's why you build credit and relationship with banks.

Op here. Do you know how I find these offers? Do they come in the mail? Our credit scores are 800+, we could charge probably $150k today on all our credit cards but what I need is CASH to pay mortgage and childcare costs.

1) what’s wrong with trying google?

2) log into your credit cards and check the cash advance limit on each of them.

3) can you try purchasing visa gift cards to pay for child care?

4) alternatively, buy gift cards and sell them. Look and see which stores you should buy these gift cards from for best value and quick sales.

Good luck, I really mean it!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Cash advances are at 4-5% for the fee and 0% for the balance for a year. Then you find another card.
Two grow-up people haven't built enough credit to get that from a card? Any card. That's why you build credit and relationship with banks.

Op here. Do you know how I find these offers? Do they come in the mail? Our credit scores are 800+, we could charge probably $150k today on all our credit cards but what I need is CASH to pay mortgage and childcare costs.

Do your daycares not take credit cards?

Op here. My childcare situation is complex and multifaceted, and no, I can’t use credit cards to pay for it.

OP, several people have asked you; how old are your kids? It seems some people are assuming your kids are infants in full time daycare. From the above, it sounds like your children's care is a nanny?

Why can’t OP say kid’s ages?

It sounds like the DH can cover the mortgage but not childcare. They should be able to go into minimal debt if they cut childcare. It sounds like expensive childcare.

[Anonymous]

You are willing to go into debt at high interest rates to pay for complex childcare???

[Anonymous]

Could you potentially refinance and cash out? I doubt your monthly would even go down much since interest rates are much higher.