What Happens to My Credit if I Make a Partial Car Payment? – Nicole

“Dear Steve, Just a curious consumer. I have paid partial payments on a car loan and I wondered what will reflect on my credit report. If I paid a partial payment on my loan can the loan company still report me as late on my credit report?also I was wondering if hypathetically I was say …

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The Formula For Fraud Is Not Greater Than Or Equal To The Formula For Investing

An alleged investment fraud scheme has lead to an indictment charging Robin Brass with four counts of mail fraud where she could face up to 20 years in prison and a fine of up to $250,000 on each count. Allegedly, from around March 2009 until approximately November 2011, Brass acting as a principal of The …

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Can We Just Pay a Little Each Month on Our Credit Cards? – Nicholle

“Dear Steve, My husband was laid off several months ago, and has thankfully found a new job! In the interim we fell months behind paying our debts. My husband’s new job is also at about a 30% pay cut…. When calculating our new budget, I was frustrated by the fact that we would only have …

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I Cosigned for My Son’s Student Loans and I Can’t Afford Them. – Christy

“Dear Steve, My son has his BA and we have paid off all the student loans for that degree. He went to graduate school for Architecture. He needed money so he took out student loans. The building industry “tanked” and he is working independently but is making next to nothing. The bank is taking his …

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Have You Heard About Barron Financial. It’s a Debt Reduction Company. – Lorraine

“Dear Steve, I my monthly credit card payments are more than I can pay $820.00 a month. I have medical bill about $1200.00 I had surgery for breast cancer this year. I cosigned on some student loans for my son. I am receiving letters that they are not being paid. I did not pay American …

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My Husband is Active Duty Military. We Can’t Live Together Because of the Mortgage. – Lisa

“Dear Steve, My husband’s employer did drastic pay cuts in 2009. He left his job of 13 years and joined the Army. Our 1st duty station was Germany. We were able to rent our house out, but the renters left after the lease was up in Sept. Property management company couldn’t rent it out, we …

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Should I Put All My Money Into Paying Off My Student Loan? – Chester

“Dear Steve, I am a recent graduate with 43,000 in student loan debt. I make about 30,000 a year. All my student loans are federal with interest rates ranging from 6% to 2%. My current monthly payments are $141/month. I have no credit card debt, no mortgage, and no car payments. Should I be in …

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How Do I Let Go Of My Credit Cards Without Hurting My Credit? – Sonia

“Dear Steve, two major credit cards with each 16k limits.. one has 11k and one has 10k. I have 100 in interest each month. I pay 250 to 300 each month. I want to let go of them. How do I do this without hurting my credit? Sonia” Dear Sonia, The only way to get …

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