My question: What are the best methods for securing a debt consolidation loan considering the following criteria. I have $85,000 in credit card and unsecured debt. 1) I am not behind on any of my debts. All have been paid...
Question: We have 27 years left on a 30 year mortgage, should we pay it off or invest the money? Jeff Click below for answer...
Question: I don't know if this falls into the category of a "simple" question as described in your recent column "Get advice on finances year-round". Recently received inheritance - thinking paying off mortgage might be best way to "invest" the...
Question: Dear Sir/Madam, I am 62 yrs. old and currently unemployed. I want to tap into my IRA Rollover funds to pay off a HELOC and PLOC. I would like to know the tax ramifications and how this affects my...
Question: Is now a good time to refinance our mortgage to a 15 year fixed rate? We currently have a home equity line of credit with an adjustable 4.25% interest rate and balance of $90,000. The loan term has about...
Question: What is the effect on a person's life if they just stop paying credit card debt vs. filing bankruptcy? --Frances "Click below for Answer"...
Question: My husband and I are 63 years old. He lost his job due to a cutback last May and has had no success in getting another. I went back to work as a legal ass't and make about $45,000...
I've had high credit ratings and fico scores (uppper 700's) for the past 3 decades. I consolidated revolving accounts to two creditors because of low interest rates over the past couple of years. In the last two months both of...
Eliminating Credit Card Debt I lost my job 8/31/09 and will be receiving severance pay at my former $7000. month rate. I am 62 & my wife, who also works is 58 and brings home $35,000. per year. We owe...
Question: I have been recently widowed. I would like to know what my responsibility will be with credit card and loan debts in my husbands name. He was on disability for many years and critically ill for the past year....
Question Thanks for providing this service. I think I know the answer but here's my question. Assume the following Current credit score 650+_(down from 780 a year ago) Current credit card debt $100000 Current rate 25% -29%average Current, in good...
Question My husband's business is thinking of filling bankruptcy. My name is not on the business. What will we be allowed to keep of our personal assets? In the event it becomes necessary for us to file personal bankruptcy, what...
Question In 2006 my wife and I left jobs with combined income of $190k/year so wife could stay home and I could start insurance business. Went in with no credit card debt, $90k in 401k, $35k in cash, $45k in...
Question: We have called 2 banks and they are not able to give us an answer (Chase and USAA Federal Savings Bank)). So here we go!. Our monthly mortgage payment including taxes and interest is $1,900 per month. We include...
Question Our house payment is at 11.5% and we are in chapter 13. The court has given us a letter allowing us to modify, refinance, etc. My husband has not used his VA home purchase credit. Our mortgage company won't...
I am considering retiring at the end of 2009. My wife and I have spoken to a financial planner in the past concerning our 401K, Pension, IRA, etc. and have that part of it pretty well worked out. However, we...
Question: I currently have about $ 15,000 balance on a Credit Card at 7.28% interest. Fortunately, I was well positioned in the credit crisis and had most of my 401K money in an insured money-market account at a credit union...
I am recently widowed, 58years old and retired American Airlines flight attendant. I would like to pay off my house. My financial consultant is ok with it but will leave me 100,000.00 less cash. The advise is from others is...
Question: Hi, I hope you can help me. I know you've heard this sad story about a million times. We were a two income family, I lost my job in Nov. We are paying our house note and equity loan...
Hello, I had two questions that I need help with. 1. Would you recommend paying off as much debt as possible in 2009 or save as much money as possible and make minimum payments on all debt? 2. We have...
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