A loan from family friend

Feb 3, 2009
Question: I'm turning 25 years old in a few months and am finally getting serious about eliminating my debt. I have a credit card with a $3,000...
Posted In: debt

Leverage up?

Jan 16, 2009
Question: I can tap my home equity line of credit at an interest rate of 4%. I'm thinking about using my HELOC to fund an investment in a no-load...
Posted In: debt, Investing

Savings vs debt repayment

Jan 14, 2009
Question: So my wife just graduated with a masters and started working, and i just got a 25,000 promotion. Combined we are making about 3-4 times...
Posted In: debt

Negotiating credit card rates?

Dec 30, 2008
Question: do you think paying for a service to lower interest rates on credit cards can work? AFL Financial Services charged 990.00 to negotiate...
Posted In: Credit Cards, debt

Credit problems

Nov 19, 2008
Question: I have been working to eliminate my personal revolving debt for more than five years by paying the minimum monthly or more. It is evident...
Posted In: Credit Cards, debt

Co-sign a loan?

Nov 12, 2008
Question: My daughter and son-in-law have an empty "underwater" condo. We all shudder at the thought of renting it out! It's hurting them to be...
Posted In: debt, Housing

Borrow to buy?

Oct 28, 2008
Question: The stock market meltdown that we're facing today looks like one of the best stock buying opportunities that I am likely to face in my...
Posted In: debt, Investing

Which Debt to Pay Down?

Sep 10, 2008
Question: My parents gave me a check to help with debt reduction. I am somewhat overwhelmed with the possible uses for this check. I have a loan...
Posted In: debt

Borrow to Fund 529s?

Aug 25, 2008
Question: My wife and I have no debt except for $23,000 from a home-equity line. This year, she took some time off, reducing our income and meaning...
Posted In: debt, Housing

Out of Debt. Now What?

Jul 31, 2008
Question: I just paid off the last of all my debts! After getting into some serious spending problems in my 20s, I've poured everything extra over...
Posted In: debt, Investing, Savings