A subscriber of AskTheMoneyCoach wanted a solution to their debt problems. Here is the person’s circumstances and question: Q: After being unemployed for a year, almost losing our house and caring for a teen that has special needs, it is proving impossible to pay off the loan we have for our sons high schooling of […]
What Should We Do About Large Loans and Debt We Can’t Pay? Read More »
Q: I have been contributing to a pre‑tax 401(k) for many years, and a Roth IRA as well. I’m 52 and very disappointed in the balance of these accounts, as many people are these days. My question is: is it good time to roll these funds over to a self‑directed IRA and buy investment real
Tips for Investing in Real Estate with an IRA Read More »
File this one under the “bad financial advice” category. An article that recently ran online from WSOCTV.com suggests that using layaway to pay for goods over time can be more expensive than credit cards. According to the story, “consumer experts say buying on a financial plan doesn’t always make sense. Experts say a typical shopper
Layaway: Bad Advice That You Should Ignore Read More »
If you need help eliminating credit card bills or getting rid of other forms of debt, a debt relief program may seem like the only viable option for getting your finances back on track. While you can find some legitimate debt help agencies out there, you can also easily stumble across numerous shady individuals and
5 Ways To Spot a Debt Relief Scam Read More »
Here’s a warning about Veterans Day financial scams. We all know that con artists don’t take a break, even for holidays. That’s why the Better Business Bureau is warning consumers all across the country to be aware of Veterans Day scams.
Veterans Day Financial Scams To Avoid Read More »
A reader of AskTheMoneyCoach.com wanted to know whether or not they could do a certain maneuver in order to refinance a home mortgage. Here’s the person’s question: Q: Is it possible to temporarily transfer the title to my husband’s home into my name? This way, we could refinance with my credit scores. A: Unfortunately, what
Can I Refinance My Husband’s Mortgage By Putting My Name on the Deed? Read More »
Q: How can I have a consumer statement removed from my credit report? A: It can be very simple to get a consumer statement removed, depending on which credit bureau you’re dealing with. But first of all, for those who may not know, a consumer statement is that 100-word explanation or statement that you are
How to Get a Consumer Statement Removed From Your Credit Report Read More »
If you’re trying to lower your Sallie Mae student loan interest rate, you’re not alone. One reader of AskTheMoneyCoach.com shared their frustration about consolidating loans with Sallie Mae back in 2001 at a fixed 7% interest rate. While payments have been consistently made for over a decade, Sallie Mae offered no solutions when asked about
How to Lower Your Sallie Mae Student Loan Interest Rate Read More »
A reader of AskTheMoneyCoach.com had a question about their social security benefits. Here is what the person asked: Q: Where can I go to calculate my future social security benefits? A: The official website of the U.S. Social Security Administration is the best and easiest resource to calculate your social security benefits. You can find
Calculating Your Social Security Benefits Read More »
Investors too often lose money by worrying too much about investment products, rather than directing their attention to the process of investing.
How to Invest Better Read More »
The Occupy Wall Street movement is gaining steam all across America, and one of the key flashpoints right is in the San Francisco area, where a woman may ultimately be heralded as the movement’s Rosa Parks. In one section of San Francisco called the Bayview District, which is predominantly an African‑American neighborhood, there are more
Will This Woman Go Down as the Rosa Parks of the Occupy Movement? Read More »
Quite often how and why we spend money is tied to our is tied to our emotional state. Sometimes we spend money completely on a whim because something struck us a being a “must have” item in that moment. At other times, our purchasing decisions are wrapped up in the way we feel overall .
How To Stop Spending Like A Shopaholic Read More »
Q: Hi. I just paid my school loan in full by the due date. However, I just received a bill for additional interest. Am I obligated to pay it? A: You likely received a bill — even after you paid your student loan in full — because your lender was probably charging you per diem
When you think about an individual who would borrow money from strangers, rather than fill out a loan application at a bank, what kind of image comes to mind? Do you think the borrower is desperate, has bad credit or has mismanaged his or her finances? Or maybe you think the person has few economic
Want a P2P Loan? See This Profile of a Typical Peer-to-Peer Borrower Read More »
If you’ve been struggling to keep up with mortgage payments for a while and simply can’t afford your home loan, walking away from your mortgage may be a last resort. In the wake of the recession, millions of Americans have had to give up the American dream of living in their own house and have
Should You Walk Away from Mortgage Debt You Can’t Afford? Read More »
