As the title says im debating if I should sell off some of my stocks to help alleviate my credit usage by paying of all the cards in my name.
I have pretty poor credit, I had a family member use my credit for about 5/6 years from the time I was 18 till about 24. They racked up quite the debt and it keeps climbing up and up. They are unable to keep up with the payments, I know this because I get updates from the credit bureaus.
I have quite a bit of RSU stock that was given to me, and I’m debating if it’s worth selling about 6k of those to clear my name of their debt, or at least relieve myself of a large portion. I figure using the rsu was best as they were awarded to me, and I didn’t purchase them anyways. I don’t know much of anything about stocks.
As for my credit usage Im always on time and pay over minimum for my accounts. My biggest loan is student loans and a car payment.
Submitted May 08, 2021 at 09:33PM by K80L80Bug https://ift.tt/3bbgDnG
