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Marketplace Staff

Latest from Marketplace Staff

  • By looking at a person's car, you can guess how much money they make a year.

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  • I am going through a drawn-out divorce and my soon-to-be-ex-spouse is residing in our house but is not making mortgage payments. I pay rent and utilities so cannot afford a second mortgage on top of this. I do not think she is in a position to refinance on her own. I also have student loans that I pay on time (now), and recently got one credit card to start re-building my credit. My credit score is currently below 600 and continues to be affected by the defaulted mortgage. Aside from pushing the divorce through, is there anything else I can do to accelerate the re-building of my credit?

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  • Any advice on how to find out whether my interest rate is normal and what I can do to get it lowered?

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  • What’s the difference between an advisor and a broker?  

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  • What’s the difference between an advisor and a broker?  

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  • From Greg on the Marketplace Money Facebook page: "I'd like to hear more on how the US economy is global, and therefore how can an average American know they are 'safely' invested to participate in the global economy."

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  • From Julie on the Marketplace Money Facebook page: What are the Pros and Cons when looking at opening a ROTH against an online investment account? Are dividends in a ROTH taxed at a different/better rate than an investment account? Julie

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  • I graduated from law school two years ago with more than $150k in student debt, all government loans. I work in legal aid, which I love, and plan to take advantage of loan forgiveness after ten years. I currently make loan payments based on my income of ~$40k. I'm saving to buy a house in the next few years, but I am worried that with my debt-to-income ratio, I won't be able to get a mortgage or if I do, the terms will be awful. What are my options? Will any mortgage provider take into account the loan forgiveness program I quailify for?

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  • My husband and I are both very cautious when it comes to finances. We've both frozen our credit files in order to prevent someone from opening up a credit card or taking out a loan in our names if our information was ever stolen. Now we have a 2 year old, and ever since she was issued her social security number (practically the day after she was born), I've been wondering how we can protect her from becoming a victim of identify theft. I tried freezing her credit files as well, but the companies said she had to be 18. One company said they don't knowingly maintain credit files on people under the age of 13, but that if we suspect someone is using her identity we can request a credit report. But how would I know to be suspicious? What suggestions do you have to help protect her? Or am I being too paranoid?

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  • I'm planning to use $15,000 this year for either retirement savings or to pay down my mortgage and am unsure of which option to pick. My employer offers a 403b with no matching for the first two years of employement (which I am in) and fund management fees ranging from .7% to 1.7%. I also have 13 years and about $140k left on a 15 year mortgage with a 3.85% interest rate. What would be the better use of the $15,oo0, or are there third or fourth options I should consider? My only current savings is $5,000 in a IRA, and my debts are just the mortgage and student loans that will be forgiven in 5 years. I'm 33 years old and just landed a job that pays $97k.

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