r/Loan_

If anyone can help please reach out. No sign ups

So I made a dumb decision and financed a 2018 Audi q3. The car had only one prior owner who took get care of the vehicle and at the time of this post it has 56,246 miles on it.

My Monthly payment is $479 and my insurance is $300, totaling $779 a month. My total loan is $20,208 at 8.8% I’ve made the decision over the past few months to pay $600 a month towards the car instead of $479 and extra $121.

With this current set up, after all of my bills are paid I am able to save $500 a month and have $700 a month of “free money” This is a comfortable spot for me as I usually am not spending $700 a month anyways and will almost certainly have money left over from month to month.

But looking at how I’m sending $900 to the slaughter each month I’ve been thinking about selling my car.

I’m currently about $5500 dollars underwater on the loan. I could save the $5500 in about 2-3 months if I use my taxes, paychecks, and the savings that I currently have. Then I could pay the underwater difference and sell the car to free myself from the loan. This seems like a good idea but the thought of throwing 6k away and to not have the vehicle or anymore savings sucks. The good part is I would free up 900 a month going forward.

The main problem is when I look at the break down, let’s say it takes me 3 months to save the $5500. It’s April now so April, may, and June I would be saving and From July until December I could save $5400 in total once the $900 is freed.

If I keep the car and continue saving $500 a month from today until the end of the year I could save $4,000 in total AND still have the car. Also I wouldn’t have to drain my savings to do this so it’d be more like 4,000 plus what I have in savings now ~ $1500 so honestly at least $5,500

So the math is very close. One situation just has more risk when it comes to actually keeping the car. And the other frees up my flexibility to be able to spend pretty much how I want. I know if I keep the car I’d still have to factor in gas and maintenance but I will have to pay gas and maintenance regardless because I will need a car no matter what.

I have a 2015 Mazda that is fully paid off, the only problem with it is , I was in a bad accident so the car ugly but that’s about it. But that car has 155k miles and I’m not sure how much longer it will last. I would hate to spend 6k, sell my car, save $5,400 dollars and then need to spend it all again on a new car. I guess you could say well that’s only 11k instead of 20k which makes sense.

I’m just having a rough time with this. Please any helpful, USEFUL advice would be appreciated.

Hey r/smallbusiness (and anyone grinding to keep their company alive right now),

I need to talk about something that’s been keeping me up at night—and I know it’s keeping a lot of you up too.

You’re running a solid business. Revenue is coming in. You spot a real growth opportunity—new equipment, extra inventory, hiring that one person who could 2x your output. Cash is a little tight this month, so you do what thousands of owners do: you take a Merchant Cash Advance (MCA).

“Quick cash. No collateral. They take a cut of future sales. Sounds flexible, right?”

Except it’s not.

What starts as a “lifeline” turns into a vicious cycle that only the lender wins.

Here’s how it actually plays out in 2026:

• You get $50k with a “harmless” 1.3 factor rate. You think you’re paying back $65k. Sounds reasonable on paper.

• But because it’s repaid daily or weekly straight from your bank account, the real cost (the effective APR) often lands between 40% and 350%+ depending on how fast you repay.

• Slow month? Your daily ACH pull still hits—whether you made sales or not. Payroll gets tight. Rent gets late. Vendors start calling.

• So what do you do? You take out a second MCA to cover the first one. Then a third. This is called “stacking,” and it’s exactly how the system is designed.

Recent court records and industry reports show MCA-related Chapter 11 filings have more than doubled in the last couple of years. Businesses in restaurants, construction, retail, trucking—you name it—are getting crushed because the daily deductions eat their cash flow alive. The lender gets paid first, every single day, rain or shine. You? You’re left scrambling just to stay afloat.

I’ve talked to way too many owners who told me the exact same story:

“I thought it was short-term help. Six months later I was in deeper than when I started, with no way out.”

The worst part? Most owners blame themselves. They think, “If I just hustled harder or had better numbers…”

No. The product itself is built to keep you in the cycle. High factor rates, aggressive daily pulls, and zero regulation compared to actual loans. It’s not a bug—it’s the business model.

But here’s what I want you to hear loud and clear: you do NOT have to stay trapped.

We’ve spent years watching this exact nightmare play out for business owners nationwide. And we finally found (and now offer) a set of brilliant, straightforward solutions that break the cycle completely.

No more daily bank raids.

No more stacking nightmare.

No more praying for a good sales month just to make your payment.

The only real requirement? A 700+ credit score.

That’s it.

No bank statements.

No tax returns.

No endless paperwork.

Whether your business is brand new (literally opened last month) or has been running for 10+ years, these options are built for real 2026 realities—fast access to capital that actually helps you grow instead of suffocating you.

We’ve already helped countless owners across the country step off the MCA hamster wheel and get back to building, hiring, and breathing easier.

If any of this sounds painfully familiar, I want to hear from you.

→ Drop your biggest MCA horror story (or even just “I’m stuck right now”) in the comments. I read every single one and reply personally—zero judgment, just real talk.

Worst case, you walk away with clarity and one actionable idea. Best case, you finally get capital that works with your business instead of against it.

You didn’t build this company to hand every extra dollar to a lender. You built it to win.

Let’s make sure the funding actually helps you do that.

Rooting hard for you,

SWIFTEDLY

I need help with bills that are due yesterday. I don’t get paid till next Monday. It’s a very stressful situation. I can show proof of income or anything. Thank you

I need help

I have a funeral this week and had to book last minute flights. I’m so desperate right now I’m not sure what else to do lol. I am full time employed and happy to verify proof of income. Preferably Cashapp.

If i want to study aboard anywhere

How can i get one and no idea how bank works

How much should i take? What will the loan plan be?

I heard many get there loans upto 200k usd

How??

And not planning for Neet

Please share your experience

Hi, hope you guys are having an amazing Sunday. I graduate may 7th and need $500 until I get my next paycheck, thank you so much in advance.❤️

If anyone could help I would really REALLY appreciate it!

Hi, hope you guys are having an amazing Sunday. I graduate may 7th and need $500 until I get my next paycheck, thank you so much in advance. ❤️

Hello,

I’m reaching out because I’m in a very difficult and unexpected situation, and I’m asking for help with an emergency loan of $1,500 to cover my rent and basic bills.

I recently lost my job under extremely distressing circumstances. I discovered that my employer had been secretly recording me in a private area where I would change into my work uniform during my shift. When I confronted him, my hours were immediately cut off and I was wrongfully terminated without warning. This happened after years of patiently quietly enduring unfair treatment at work.

I have since filed a formal complaint with the California labor board for wrongful termination, unpaid wages, and serious workplace violations. My case is strong and all is fully documented, and I am expecting a hearing within the next 45 days. Based on California labor laws, I am entitled to years of back wages and damages, which I expect to receive immediately after the hearing.

Right now, though, I had no time to prepare for this sudden loss with having no income . I’m simply trying to stay housed and stable while I go through the legal process as the Bay Area is very high cost of living.

If you are willing to help, I can repay $2,000 by June 5, 2026, through any method that works best for you (Cash App, Venmo, Chime, etc.).

I truly appreciate you taking the time to read this. Any help during this moment would mean more than I can express.

Thank you again and god bless you!

Never had luck here but in a tight spot. Would appreciate extension to new credit.

I don’t have enough gas money to get water, anything will help.

At what point does financing start slowing people down, not the deal itself, just getting approved

Feels like most people can get their first one or two done, but after that things start getting tighter even if the deals still make sense. Curious where that started happening for people