Guest host David Lazarus answers listeners' personal finance questions including advice on what to do when a elderly relative racks up big debt late in life and whether voluntarily lowering one's credit limit can negatively affect one's credit rating.
What should you do when your refinance request was approved, but then delayed? What are the risks of refinancing with a smaller banking institution? L.A. Times consumer columnist David Lazarus and Redfin's Glenn Kelman tackle your housing questions.
Mortgage heavyweights Fannie Mae and Freddie Mac have announced a bailout program for struggling homeowners who are current on their payments. If there's a pressing need to leave their property, they can just walk away.