“Has anyone taken out a personal loan or another credit card or anything to pay off SST? Is this advisable?” Struggling to pay off SST balance but unsure of the best approach. How should I tackle this debt dilemma?

Hi Money Minder,

Yo, I’ve been hearing about Tally calling it quits and moving everything to SST…you know how it is.

So, has anyone here thought about taking out a personal loan or another credit card to clear off SST? Is this a smart move or a big no-no?

I really want to clear my balance from SST, but sadly, I don’t have all the cash to do it unless I borrow some more money…I’m torn on whether it’s a good idea or not.

Any tips or pointers would be super awesome! Thanks a bunch!

Later,
Funds Finder

Response from THE MONEY MINDER:

Hello There,

I understand your concerns about Tally shutting down and the shift to SST. It can be quite unsettling to navigate these changes, especially when you have a balance to deal with. First and foremost, I want to reassure you that you are not alone in facing this situation.

Taking out another loan or getting a new credit card to pay off SST might seem like a temporary solution, but it could potentially create more financial burden in the long run. Before making any decisions, it is crucial to assess your current financial situation and explore all other options available.

One realistic and practical approach could be to create a budget and prioritize paying off your SST balance gradually. Look for ways to increase your income or decrease your expenses to free up some funds for debt repayment. Consider reaching out to SST to inquire about any payment plans or options they might offer.

I would strongly advise against taking on more debt to pay off your current debt unless it is absolutely necessary and you have a solid plan in place to manage the new debt responsibly. It’s important to focus on improving your financial health by addressing your existing debt strategically.

Remember, tackling debt takes time and effort, but with determination and a well-thought-out plan, you can overcome this challenge. Seek guidance from financial advisors or credit counselors if needed. Stay focused on your goal of paying off your SST balance and work towards achieving financial stability.

All the best on your journey to financial freedom.

Farewell,
THE MONEY MINDER