Tag Archives: pay-off

We Have Money to Payoff Our Debt. Is That a Smart Thing to Do? – James

“Dear Steve, My wife and I have 7,000 in credit card debt and 17,000 in cash in our savings account. Is it better to pay off the credit card debt to $0 and have 10,000 in cash left or is it better to pay off the cards a little at a time in chucks of [...]

Do I Buckle Down and Payoff My Debt or Enter a DMP? – Erica

Erica “Dear Steve, I still have a good credit score, been paying minimums mostly but spend 45% of my take-home on credit cards. Not in trouble yet but can see it coming with the cards jacking up their interest rates. In the last 4 years I’ve had layoffs, underemployment and no health insurance which has [...]

Should I Use a Debt Consolidation Company to Make One Payment Each Month?

“Dear Steve, I am 25 years old and have $10,000 in bad debt all of the debt has been sent to collections. I want to get all of this paid off in a year. I moved back home inorder to be able to pay this off. The reason I am in so much debt is [...]

I Can Pay Off My Loan But Need to Use Some Cash From My Savings Account. Should I? – Sulian

Sulian “Dear Steve, I have this 19% personal loan with a payoff of $816.00 I’ve been paying for the last 4 1/2 years. I am so ready to pay it off I can feel it. I bring home about $1220 a month after taxes from work and about $2,200 in a savings account. The minimum [...]

Next big worry: Credit cards

Next big worry: Credit cards The News Journal, DE - 1 hour ago In past years, consumers looking to get out from under credit card debt tapped into home equity, refinancing mortgages to get their hands on cash to pay off …