Just because you’ve been turned down for balance transfers and personal loans, it doesn’t mean you’re destined for bankruptcy. America is drowning in debt – and credit cards are dragging us down. According to statistics from Debt.com… We owe more than $1 trillion on our cards. That’s enough to buy every NFL, NBA, NHL, and …
Question: Dear Steve, I am working at getting out of credit card debt. I would like to find out how many payments I have left. I cannot get into my account. All my information was on my I_Pad which was destroyed in an accident. I had nothing written down. Lost everything. I hope you can …
“Dear Steve, My wife and I both finished our undergraduate degrees, I did not have any debt, while she accumulated quite a bit of debt. I am currently in dental school, and while I still do not have to take out loans for school, I have access to loans that have a lower interest rate …
It’s common knowledge you can save money by paying off loans and other debts quickly or ahead of schedule. You can also save money by making monthly payments as planned, if you put in a little extra effort and do the math. The trick? You can change your repayment period to an extended plan (for …
“Dear Steve, I have about $19,000 in government-backed student loans at 2.25%. When I graduated, I was advised to NOT pay off the full debt right away and “take advantage” of the low interest rate. So, I have been paying slightly more than the minimum each month ($100) and have only knocked the principal down …
“Dear Steve, Bought a home a year ago after finishing paying off students loans (am currently 27). I started contributing to a Roth about 6 months before I purchased the home and am now wondering if I should continue to max out the Roth or pay off the house faster? M” Dear M, I think …
“Dear Paula, In Debt have not made any payment in the last 5 years or talk to any creditors about it. I Have a bout 40 grand in debt from about 5 years ago almost all credit card debt. I have some medical bills as well. I am back on my feet and starting to …
“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 …
“Dear Paul, My 401 k has lost 1.7% this year. I am 51 years old. I am wondering if I could use my 401 to pay off my mortgage. I have about $100,000 in my 401 and owe that on my house. I would be debt free. Should I use the 401 to pay off …
“Dear Steve, I have some extra money this month and wanted to know which was the best way to go. Pay on the cards with the smallest balances or highest or is the better route the one with highest interest? Taylor” Dear Taylor, If you’ve come into some extra money I’d first suggest you save …