Sandra Is a Single Mother And Worried About Paying For College

Quick Answer: Sandra should prioritize paying off her $16,000 American Express debt at 9.99% interest first, followed by the Home Depot card at 12%. With $75,000 annual income and her daughter entering college in two years, taking on part-time work while maintaining her 401k contributions will help eliminate the $22,000 credit card debt before college …

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Is This Debt Relief Bureau Mailer Legit?

Quick Answer: The Debt Relief Bureau mailer is misleading and potentially fraudulent, as it uses the “Debt Relief Bureau” name while stating in fine print that it’s “not a Debt Relief Bureau (DRB) approved or endorsed advertisement.” The anonymous mailer from Fort Wayne, Indiana promises 40-60% debt reduction but includes disclaimers that the figures are …

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Target RedCard TD Bank Sale: Myth vs Reality

Quick Answer: Target sold its credit card portfolio to TD Bank for $6 billion, but this is reality not myth – the sale doesn’t affect the 5% REDcard rewards program or customer service, which Target will continue handling. Target plans to use 90% of the proceeds to pay down existing debt. You know that Target …

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Property Tax Relief Scams: Red Flags for Seniors

Quick Answer: Washington state seniors should beware of scammers posing as state agents offering property tax relief programs, as the Attorney General’s Office reports complaints about “Seniors First” solicitors falsely claiming government affiliation while selling reverse mortgages. These callers request personal information like income and employment status under false pretenses before transitioning to mortgage sales …

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Nordstrom and Target Cards: Bad News to Know

Quick Answer: Store credit cards from retailers like Nordstrom and Target are experiencing significantly higher default rates during economic downturns, with retail card charge-offs jumping to 8.1% compared to 6.08% for general-purpose cards. Target’s CFO identified credit cards as the company’s “second-largest challenge” due to these rising losses. Store cards in good times are a …

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