Tag Archives: mutual fund

Should I Payoff Part of My Debt With My Mutual Fund. – JJ

“Dear Steve, I owe $30,000 in credit card debt on two cards. One card there is 9.99% rate, the other is interest free until Dec. ’10 (after that the rate states 9.99% but is subject to change) I can make the minimum payments but not much else right now until my balances decrease. I have [...]

Jami is Worried About Losing Money in Her 401k And Wants Options

Jami wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Should I Use Mutual Funds to Pay Down Credit Card Balances? – JJ

“Dear Steve, 41 yrs old (married 42 K in credit card debt @ 9.99% have 12 K in available mutual fund towards payment of cc balances have 185 K in 401K (just reduced my 401K contributions from$500 to $100 per bi-weekly pay period) can pay approx $500 per month towards credit card balances I know [...]

Consumer spending accounts for two-thirds of US economy

Consumer spending accounts for two-thirds of US economy Minnesota Public Radio, MN - 49 minutes ago It's now at its highest point in decades at nearly 71 percent and, perhaps not surprisingly, credit card debt has climbed along with it. …