Credit unions, credit counseling and even credit cards helped — but so did their resolve to ask questions and put in the hard work.
If you or your future spouse went to college, it’s highly likely you will have to deal with student loans. According to the Federal Reserve Bank of St. Louis, 46% of young married couples had student loan debt in 2016, triple the share of couples that had student loans in 1989. What happens to student […]
It’s been an up-and-down year for many student loan borrowers. Even if you could afford to keep making regular payments after the federal Covid-19 student loan forbearance period started last March, perhaps your financial situation has since changed and you would benefit from a refund of that money. If you now find yourself strapped for […]
Understanding what happens to your debt when you die is an important part of estate planning—and you don’t have to be rich to have an estate. Everything you own and owe makes up your estate. For many people, that includes a house with a mortgage. The median housing-related debt of a 65- to 74-year-old borrower […]
Between credit cards, student loans and auto loans, it can be difficult to keep track of payments and balances on outstanding debts. Consolidating these debts into a single loan may streamline your finances, but the strategy likely won’t fix underlying financial challenges. For that reason, it’s important to understand the pros and cons of debt […]
Q: I am one of three daughters who will inherit our home when our parents pass away. They have a mortgage on the home and some credit card debt. Would it be wise for us to purchase their home before their death, so their mortgage debt is paid off?
Credit card debt can be very expensive. But if you’re paying only the minimum when you can afford to do more, it could be that your past is to blame.…
From the Opinion Page: President Joe Biden is right. The United States has an infrastructure crisis and fixing it is "long past due."
Also, more tips from experts to kick off Financial Literacy Month, a nationally recognized campaign to bring awareness to the need for more financial education in schools and for adults.
Candida Uraga has been walking a financial tightrope for months.
Hint: It's all about improving your personal cash flow.
Though you may be a proud homeowner, you probably don’t love the thought of having to make a mortgage payment each month for the next few decades. But considering how well the stock market has been performing lately, it might feel like you’re missing out by not investing more. So what’s the right answer: Should […]
Imagine being anxious about affording your federal student loan payments. And then you receive a phone call from someone who says he’s affiliated with the U.S. Department of Education. His company can help you qualify for federal programs to permanently reduce your monthly payments. All you have to do is pay an advance fee of […]
Millions of Americans have been saving money during the pandemic, sometimes by accident—by staying home, working from home or saving money on commutes or lunches out—and sometimes on purpose. If your spending has recently gotten a bit out of hand and you want to cut back, one method to save money that you may want […]
Yes, getting a balance transfer credit card means yet another piece of plastic — only this kind may let you pay down debt over time at 0% interest.
Also, experts offer advice on how to prioritize your debt payments right now.
Episode 8: Also discussed is whether boycotts are an effective tactic to get companies to change their policies and why we should consider increasing the pay of our politicians to get a better slate of candidates.
The Black-white homeownership gap is larger today than it was in 1968 when the Fair Housing Act, which outlawed discrimination when Americans buy or rent a home, apply for a mortgage…