Tag Archives: windfall

Peter Is Trying to Find Shelter In These Uncertain Economic Times

“Dear Steve, I’m wondering if it time for a a mid-recovery, mid-recession course correction? My situation is grad school era babies, two layoffs and completely unnecessarily missed/late CC payments have buried us in CC debt (65K@30%APR), auto (6K@0%, 15K@7%) and student loans (35K at 8%) with little hope of lower interest rates or new financing [...]

Tanisha Wants to Cash Out 401K To Get Rid Of Debts.

Tanisha “Dear Steve, I recently recieved $137k into a 401k account from my ex-husband due to a divorce. I’m 35 years old, 2 kids, unemployed stay at home mother for past 8 years. I will receive spousal support until 2012. I no longer own any property or assets and I have $33,000 in credit card [...]

Is Debt Consolidation a Viable Debt Solution For Unsecured Debt?

It seems like every day the question of debt consolidation comes up and I think it is starting to drive me a little crazy. Some where in the human DNA is a gene that makes people think that when you have problems paying your bills that debt consolidation is the natural debt solution. If I [...]