debt

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Eliminating debt, all in a day -- and night's -- work

Aug 3, 2012
A banker doesn't listen to her own advice and falls deep into credit card debt. She takes on a blue collar job to get herself back in the black.
Posted In: debt, white collar, blue collar, employment

A bleak household financial picture

Jun 11, 2012
The financial toll on families from the dreadful economy of recent years is enormous.
Posted In: debt, Savings, net worth, family finances, student loans

The scratching, burning, socially embarrassing financial crisis

May 31, 2012
A satirical video from political cartoonist Mark Fiore brought down the house at a conference on the risks of debt to the global financial system.
Posted In: risk, too big to fail, debt

Time to attack credit card debts

May 31, 2012
I received a large bonus, and I'm going to use it all to pay down credit card debt. I have many cards. They all have about the same outstanding balances and about the same interest rates. At one time, most of the cards were "maxed out," which was bad for my credit score. Should I pay off a couple cards entirely, or should I make larger-than-usual payments to all of them, bringing down the outstanding balances substantially below the credit limits? Thanks. Henry, Chicago, IL
Posted In: Credit Cards, credit score, debt, credit limit

Why I wouldn't tap retirement savings to retire student loans

May 30, 2012
I returned to graduate school and accrued about $45,000 in federal student loans. The interest rate on these 10-year loans is 6 percent, with repayment beginning in 2013. I also have a 401(k) worth about $100,000 (roughly $60,000 of my contributions and $40,000 of employer contributions). I realize that an early 401(k) withdrawal would result in a 10 percent early-withdrawal penalty and that any withdrawal would be considered taxable income. This would effectively reduce the amount the 401(k) would need to earn in order to be the better investment. Still, it can't be much less than 6 percent, can it? Is there anything about my assumptions that are wrong, or is there anything I am overlooking? Derek, Chicago, IL
Posted In: student loans, retirement savings, debt

U.S. Treasury yield hits 60 year low

May 30, 2012
As investors cope with uncertainty in Europe, the interest on the 10-year Treasury note, the benchmark cost of U.S. debt, hit a record low of 1.6 percent.
Posted In: U.S. Treasury, yields, debt, spain

Financial innovation and social lending

Apr 16, 2012
Peer-to-peer lending, also called social lending, is bringing together online individual lenders and individual borrowers for a fee. They cut out banks and other mainstream lenders. The innovation appears to be working.
Posted In: peer-to-peer lending, social lending, Credit Cards, debt, consumer loans, invest, financial innovation

Letters: Taxes!

Apr 13, 2012
Host Tess Vigeland along with Sr. Producer Paddy Hirsch and tax expert Louis Barajas answer listener tax questions and emails.
Posted In: letters, college, debt, Taxes, tax preparers

Demystifying the national debt

Apr 10, 2012
The U.S. national debt -- currently clocked at $15.6 trillion -- is a major issue that'll shape the election this fall. But where did it come from and what does it mean for individual Americans? A new book uncovers the numbers.
Posted In: debt

In the spotlight: Senior student debt

Apr 6, 2012
People age 60 and older owe more than $36 billion in student loans. Tess discusses the latest debt bubble with Marketplace Education correspondent Amy Scott.
Posted In: debt, loan student debt, senior citizen, elderly

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