A man has an old credit card debt that is over 12 years old. The problem is that the debt still appears in his credit report. What should he do? Click now to hear Lynnette’s answer.
How to Remove an Old Debt From Your Credit Report Read More »
Debt is a massive problem in America. We’re up to our eyeballs in debt of all types: mortgage loans, credit cards, student loans, automobile loans. Moreover, the average mortgage balance in the U.S. is about $200,000; the typical family carries a monthly credit-card balance of $10,000; the average college graduate owes more than $20,000 in student loans; and the median car note now exceeds $27,000. Is it any wonder that Americans owe $2.5 trillion in consumer debt, excluding their mortgages? Throw in another $14 trillion in home loans, and it’s clear why our collective debt won’t go away any time soon.
All Debt Is Not Created Equally Read More »
I’m 61 and Plan to Retire at Age 62, Though I Would Work Until 65 If needed. I would Like to Pay off a Few Credit Cards Using My 401(k). Is This a Wise Choice? I Have About $10,000 in Credit Card Debt.
Should I Pay off a Few Credit Cards Using My 401(k)? Read More »
Q: I Live in Michigan and Lost My Job in May 2009. I have Quite a Bit of Credit Card Debt that is in My Name Only. My Only Income is Unemployment. I Do Not Have a Bank Account in My Name. My Unemployment is Deposited to My Husband’s Bank Account. If I am Sued, Can a Creditor Seize My Husband’s Account Even Though It Isn’t His Debt, since the Unemployment is Going Into His Account?
Can a Creditor Seize My Husband’s Bank Account If I am Sued? Read More »
With $830 billion in student loans outstanding in America, mounting student loan debt is increasingly wreaking havoc on the lives of U.S. college graduates and dropouts alike.
As unemployment remains stubbornly high, delinquencies and default rates are rising as indebted borrowers struggle to repay hefty student loans that often reach six-figures.
Unfortunately, college debt isn’t just taking a financial toll on millions of borrowers. It’s also inflicting staggering costs on the health, careers, emotional well-being and personal relationships of those burdened with big college loans.
Student Loan Horror Stories Read More »
Editor’s note: Be sure to check out our list of 85 Government Agencies that will pay off your student loans at the end of this post. As you probably read in one of my previous articles on this topic, the program in which the government will pay off your federal student loans is called The
Where Can I Find the Government Agencies That Pay Your Student Loans? Read More »
The best resource to find grants, loans and financing for entrepreneurs is the federal government’s website https://www.sba.gov/. There, you will discover a wealth of resources for all kinds of small business owners, including: those just starting a business current entrepreneurs trying to grow their operations women minorities people with disabilities those in rural communities home-based
Best Place to Find Grants, Loans and Financing for Entrepreneurs Read More »
If your spouse has taken out a motorcycle loan in your name—especially without your consent—you’re likely feeling shocked, frustrated, and worried about your credit. While every case depends on the specific details, here’s a breakdown of what you need to know about your legal responsibility, credit implications, and the steps you can take to protect
Am I Responsible for a Motorcycle Loan My Husband Took Out in My Name? Read More »
Question: I am a 23-year-old college student with a bad debt of about $12,000 with American Express. I believe the Statute of Limitations in Maryland is 3 years. I do not remember the last time I made a payment to them. I found a receipt showing a payment in December 2006. But when I called
The Statute of Limitations in a Nutshell Read More »
A subscriber wants to know if he should get married even though his girlfriend has a lot of debt.
Should I Get Married Even Though My Girlfriend Has a Lot of Debt? Read More »
Young adults suffering through the Great Recession are having serious problems getting a handle on their spending, credit and debt woes, according to a new survey out from Western Union.
How to help Generation Y Survive the Great Recession Read More »
You’re already entitled to one free copy of your credit report each year, via annualcreditreport.com. But thanks to the Financial Reform bill Congress just passed, you may be able to get a free credit score in the future too. Who is entitled to the free credit score? You’ll qualify anytime a company takes “adverse” action against you based, at least in part, on information it got from your credit file.
Financial Reform Bill Will Give Free Credit Scores to Some Read More »
If you’re out of work, nobody has to tell you how tough it can be to find a job. Now there is another obstacle to overcome before you land your next gig: cleaning up your credit. Employers are increasingly checking people’s credit reports before deciding whether to hire someone or who to promote. In fact,
Bad Credit Can Cost You a Job or a Promotion Read More »
If harassing calls from debt collectors are keeping you from answering the phone — or stressing you out — you’re not alone.
Amid the tough economy, debt collection activity has intensified, with some debt collectors engaging in unfair, abusive or illegal practices. The Federal Trade Commission says it gets more complaints about debt collectors than any other industry. In 2009, the agency received 88,190 consumer complaints about debt collectors, up 12% from the year before.
Never Say That To A Debt Collector Read More »
Question: “During 2007, I was working a full‑time and a part‑time job. I lost the full‑time job due to a reduction in force with the federal government. I was paying my creditors until my unemployment was revised. “My question is this. I tried to re‑mortgage my house. I tried to get a home equity loan, but
Should You Borrow From a Subprime Lender Read More »
