If you have cash in the bank, should you use it to pay off your credit card debt? The answer: absolutely. Here’s the mental dilemma some of you are facing: it’s not that you can’t really afford to pay off your debt. It’s just you can’t psychologically bear to part with that hard‑earned cash you’re […]
Making the Mental Decision to Pay Off Credit Card Debt Read More »
If you’re hoping to refinance your mortgage, but are worried about having bad credit, there’s good news and bad news. The good news is that you can get a new home loan, and bad credit alone won’t stop you from refinancing your existing house note. The bad news is that a poor credit rating will
Can I Refinance My Mortgage if I Have Bad Credit? Read More »
If you want to pursue an undergraduate degree or you’re considering going to graduate school but want avoid taking out student loans, there are alternative ways to pay for higher education costs. Here are four smart ways to pay for college or grad school without student loans.
4 Smart Ways to Pay For College or Grad School Without Student Loans Read More »
If you’re thinking about doing a credit card balance transfer, you may have a lot of questions or worries about whether or not you’re getting a good deal. It’s smart to ask questions upfront, because not every balance transfer offer is a good one. So here’s how to know whether you should transfer a balance
Balance Transfer Offers Pros and Cons Read More »
If you have federal student loans, you actually have numerous options from which to choose in order to repay those college debts. All of the payment plans generally range from as few as 10 years to as long as 25 years. The exact term and the repayment plan options that are granted to you
Student Loan Repayment Plan Options Read More »
A reader of AskTheMoneyCoach.com is dealing with a potential foreclosure situation. Of course, they’re trying to avoid foreclosure. This individual is interested in getting a loan modification and has gotten an offer for help. The dilemma this person is facing, however, is, whether or not this company offering loan modification services is indeed reputable and
Is This Loan Modification Offer Legitimate or a Scam? Read More »
When you get a federal student loan deferment or forbearance, it’s a way for the government to allow you to temporarily postpone making repayments on your student loans, or to alter the terms of your debt repayment schedule. Any period where you have a deferment or forbearance doesn’t count towards the maximum length of time
Student Loan Deferment and Forbearance Explained Read More »
As tough as it may be to repay your student loans, there actually are several incentives for you to pay off those college debts and to do so on time. Essentially, you can get one or more repayment incentives as a way to encourage you to make those student loan payments in a timely fashion.
Here Are a Few Incentives to Repay Your Student Loans Read More »
A reader wanted to know when they have to make their first student loan payment after college. Generally speaking, you have to make your first payment on federal student loans six months after you leave school. This applies to the person who graduates, somebody who drops out of school, or even those who simply fall
When is My First Student Loan Payment Due? Read More »
If you recently received a 1099-C, Cancellation of Debt, you may be wondering what to do with that form and how to use it when filing your income tax return. You were likely sent a 1099-C if your home went into foreclosure in 2012, you did a short sale on any property, or if a
The 1099-C Explained: Foreclosure, Short Sale, Debt Forgiveness Read More »
If you’ve never heard of the VantageScore it’s time you got up to speed about the changing landscape within the credit industry. You already know that the higher your credit score, the more positively banks, creditors and others view you. But many people mistakenly think that the only credit score they have is a FICO
Credit Bureaus Roll Out a New CreditScore: VantageScore 3.0 Read More »
Various parts of the Bible speak of seven deadly sins, any one of which can lead to damnation. Those sins are: envy, gluttony, greed, lust, pride, sloth, and wrath. These negative traits and characteristics are best avoided because they ultimately cause you to act in ways that are against your own best interests. Likewise, when it
The 5 Deadly Financial Sins Read More »
So what’s best part of a roller coaster ride for you? Is it the ascension – that nerve-wracking buildup when you know the coaster is painstakingly rising to the top of some ridiculous 300-foot drop that’s just ahead? Is it the stomach-churning feeling you get when the roller coaster is going loop-de-loop or speeding along
How to Get Off Your Financial Roller Coaster Read More »
Once again, most Americans expect to get a tax refund check, and more than a third of them plan to spend some or all of it, according to Capital One Bank’s annual Taxes and Savings Survey. But this is one year in which spending your refund check wisely – or foolishly – could have long-lasting ramifications that linger throughout 2013
How Will You Spend Your Tax Refund Check? Read More »
If you’ve been laid off and you’re now working as a freelance consultant or maybe you recently started up as a full-time independent contractor after working a corporate gig, you’ll need to get good, affordable health insurance on your own. You’ll also want to find health insurance that won’t cost an arm and a leg
Where to Find Health Insurance Before COBRA Runs Out Read More »
