Home > Author Archives: Guest Post (page 5)

Author Archives: Guest Post

Consumer Credit Card Debt Not the Biggest Problem in 2015

Inside view of an antique combination lock of bank Mandiri in Jakarta, Indonesia

This morning, New York Fed President William Dudley spoke to the press about the growing resilience of the U.S. household sector. His speech was followed by a briefing by New York Fed economists on developments in household borrowing. Their presentation included a detailed decomposition on mortgage borrowing and payment trends, and some new research on how borrowing has evolved differently ... Read More »

    End-of-Life Planning Everyone Needs to Do

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    Whether you’re a baby boomer or part of another generation, sooner or later your days on earth will come to an end. And, much as we’d like to ignore that, we do our families a disservice when we don’t do some end-of-life planning. End-of-life planning not only includes advanced healthcare planning, but also other legal issues that become relevant at ... Read More »

      Is There a Private Student Loan Consolidation Program to Lower My Interest? – Adam

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      Question: Dear Steve, I have about 96,000 in PRIVATE student loan debt. I got off to a rough start with payments when I graduated in 2011 but since late 2012 I have been paying faithfully and haven’t made a dent in the balance. I have written numerous times to Wells Fargo, Navient (first Sallie Mae) and AES (previously Chase) to ... Read More »

        UK Personal Finance and Credit/Credit Scoring Questions

        get out of debt

        In the 29 years I have been assisting people with their finances, and doing financial counselling, I have been asked quite a few questions over those years. There are a few that are reoccurring, and worthy of addressing here. One question I get is: Why after my car or house is repossessed, do I still owe the bank money? The ... Read More »

          How Can I Hide From the Student Loan Collector?

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          Question: Dear Steve, I went to college from 1994-2001 with a break from 1994-1997 for a religious mission. I studied electrical engineering but they kept changing my course requirements and I did an internship I didn’t enjoy, and it was 2001, so my final semester was basically 911. I tried to pay but I have just lost my job every ... Read More »

            Can My Physicians Assistant Husband Find Any Help for His Student Loans? – Tammy

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            Question: Dear Steve, In our case have very low interest rates therefor we are able to pay each of the student loans in full payments every month. By the way my husband is a physicians assistant which as you know is 6 years of school so therefor we have 6 yrs of debt. The federal government loans are the ones ... Read More »

              Will I Need My IRS ITIN to Get Married?

              Question: Dear Steve, I have an ITIN number I got it on 2006 I have not used it for my taxes since then but I have the original paper. How can I know how much I owe, where do I have to go, how can I use it? I am going to get married and I will need this for ... Read More »

                I Stopped Paying My Daughter’s Cosigned Navient Student Loan. – Rosie

                Question: Dear Steve, Hi Steve, I co-signed my daughter’s student loans which she and her husband stopped paying because Navient was asking for $1,100 a month (he lost the overtime advantage he was using to pay back the student loans) and all I could help towards that was $200. My daughter directed me to your site and we decided to ... Read More »

                  I’m Taking Care of My Sick Father and Thinking of Bankruptcy

                  Question: Dear Steve, I am a 35 year old mother of 2. I currently have an MBA but haven’t been using the degree at work because I take care of my ill father part-time and work-part time at a bank. Currently I owe $89,000 on my house, $38,000 in federal student loans and $36,000 in credit cards. My question is- ... Read More »

                    I Thought My Art Institute Student Loans Were Eliminated in My Bankruptcy? – Stephanie

                    Question: Dear Steve, I went to the Art Institute of California for video production. I graduated in December of 2009. Due to life I had not been able to pay my loans. The went from being 54,000 when I graduated to over a 120,000 last year. Most of the loans were private and I got them discharged in bankruptcy at ... Read More »

                      Medicare imposters want to steal your money. Don’t let them.

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                      Pop quiz: If someone calls you asking for your bank account number, should you give it to them? Answer: Never. Hang up — it’s a scam. We’ve heard about different kinds of imposter scams on the rise. In one scenario, scammers call, pretending to work for Medicare. They say they need to verify your bank account number — and it might ... Read More »

                        Michigan Residents Sentenced to Prison for Mortgage Fraud Scheme

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                        Recruited Straw Buyers to Purchase Homes and Submit Fraudulent Mortgage Applications Five residents of the Detroit, Michigan, area were sentenced to prison this week for their roles in a multi-year mortgage fraud conspiracy, Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division announced today. Between January 2006 and December 2008, the perpetrators of the scheme purchased ... Read More »

                          Key tips to consider if choosing a lump-sum pension payout

                          Jan 12 2016 By Stacy Canan Your pension plan may give you the option of taking your full pension in a lump sum when you retire. When you choose a lump-sum payout instead of a monthly pension payment, you replace a lifetime monthly payment for a one-time payout. A lump-sum payout can give you the flexibility of choosing where to ... Read More »

                            We Are in Our 70s, in Debt, and Out of Money. What Can We Do? – Gwen

                            Question: Dear Steve, My husband and I are both in our 70’s. He’s 79 soon to be 80 and I’m 76 soon to be 77. We have gotten ourselves into a lot of debt. ($50,000) We started our retirement with a total of $400,000. Through bad advice and my husband not paying any attention what to was happening with his ... Read More »

                              How The Airline Industry And Tourism Has Changed The World

                              If there are two things that go hand-in-hand, it would be the airline industry, and tourism. Sure the argument can be made that the airliners also fit into the business world, not just as a part of it, but as the vehicle to take business people to other cities, and countries, making it possible for businesses to grow, and keep ... Read More »

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