So, you’ve thought about whether renting or buying your next home is the right decision for you. If you decide to buy a home, you’ll likely have to prepare for financing your purchase with mortgage payments. Here’s where things can get a bit tricky. While getting a hold of the costs involved with home buying can help you determine if you ... Read More »

“Dear Steve, I am living on social security and savings, which are quickly becoming very scant. As my roof leaked over my head as I was sleeping, realized I needed to do something about this and thus began my quagmire (good word!) of a problem. Paid $8000. from five 0% promotional credit cards, carefully figuring out how much each card ... Read More »

“Dear Steve, I’m not sure of the exact score, but my daugher’s (She is 26.) credit is good. She was in the process of trying to purchase her first home and was pre-approved for $100,000. Once into the process, she was denied because she had too much debt (student loans, car lease, credit card). She has a fulltime teaching job, ... Read More »

“Dear Steve, I started out in college with the only debt being my college loan which was manageable. Then it was suggested that I get a credit card while in college so that I could start to establish some credit. Well I got a credit card, then I got another credit card, and another, now I have high credit card ... Read More »

“Dear Steve, My debt to income ratio is enormous. I pay bills on time, but do not have money left over for groceries much less anything else. I need to refinance my home because my ARM is up soon. Would it be smarter to refinance now before I mess up my credit worse with a dept mgmt. program? I don’t ... Read More »

Terri wrote and asked her question through the GetOutOfDebt.org site. If you have a credit or debt question you’d like to ask, just visit this page and ask. My help is totally free. “Dear Steve, We have appox $50,000 in revolving debt, 2 vehicle payments, 1st and second mtg, we pay everything on time and have a small amount left ... Read More »

“Dear Steve, I am a full time graduate student who works occassionally. Mainly, I live off my student loans. I have 23K in credit card debt and need to get out of it because I don’t have much money to work with. I’m nervous about consolidating my credit cards because I heard that it doesn’t look good on your credit ... Read More »

Kathy “Dear Steve, I own a home and i am at 80% so finding it hard to refinance my home with my current debt. I owe 24,000.00 in debt and dont want to file banckrupcy. i need help and cannot afford to pay for a service and dont know who i can trust Kathy” The Answer   Dear Kathy, You ... Read More »

“Dear Steve, Six years ago – had a unplanned child with my wife (still married). A Pediatrician put a $50.00 collection on my credit report (not my bill – total mistake). This triggered universal default 29% interest rates on me and my wife’s credit cards. I got it removed but could not get the card companys to reduce the interest ... Read More »

“Dear Steve, I have never heard anyone ask this question or any money experts suggest it: If my wife and I have many joint user credit cards and lots of debt, could it help our credit scores if we changed the status of our joint cards to just the primary user, thus showing each of us is responsible for about ... Read More »