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Reader Question from Debt-free Denise “I paid my PenFed Credit Union cards every month on time. Never missed a payment in 2 years. I paid both off ($15k) in February. Reasoning they reduced my limits was that Equifax stated 1 of 3 possible reasons: My Answer: Hi Denise, thanks for the great question—and for doing …
Do This Now If You’ve Been Afraid to Invest: The Best Way to Start Investing With Little Money The world of investing has changed—dramatically. No more confusing jargon, no more high barriers to entry, and no more watching from the sidelines while others build wealth. If you’ve been afraid to invest, the good news is …
Debt isn’t just numbers on a screen. It’s stress, sleepless nights, shame, and self-doubt. When you’re in debt, it’s easy to feel like you’ve failed. Maybe you made bad financial choices, or maybe life threw unexpected hardships your way. Either way, the emotional toll of debt can be crushing—and it’s rarely talked about enough. I …
There are legitimate ways to stop payday loans and cancel or pay less, depending on your specific situation. Here are some options to consider: Negotiate with the lender: You can try to negotiate with the lender to work out a payment plan that is more manageable for you. Explain your financial situation and offer to …
What happened: House Republicans passed a resolution to terminate President Biden’s policy to cancel student loan debt for millions of borrowers. Who supported it: The resolution was supported by every Republican on the House Education and the Workforce Committee and introduced by Rep. Bob Good, R-Va. What the program entails: Biden’s program would cancel up …
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of an Indictment in Manhattan federal court charging ANDRIS PUKKE with wire fraud and with engaging …
Federal student-loan borrowers are disappointed by federal court decisions that have stopped President Biden’s student-loan forgiveness scheme. Advocacy groups are arguing that Biden should extend the pause on student-loan repayments until after the legal challenges to his loan-forgiveness plan are resolved. College borrowers are currently expected to resume monthly loan payments in January 2023. By that time, …
Question: My wife and I are US citizens, 78 yrs old, on social security in Alaska, and owe $15,000 USD on a VISA card. We have no other debts and no assets in our name. The cost of living is now overwhelming. I want to remove this debt Can I copyright my name and use …
Question: Dear Steve, I have an outstanding $33K balance on a BoA credit card. It is at 0% until April 2023. I was the victim of a scam and got cash advances to invest in a false venture. If I pay the minimum each month, it will take many years to pay this off. Since …
Question: Dear Steve, I signed up for debt reduction management counseling and enrolled in a program with DRS Money Fit. I’ll be paying them a monthly amount, which will go towards my balance with a few payday lenders with whom they have existing relationships. Is DRS Money Fit credible or a scam? Tarik Answer: Dear …