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Mortgages aren't the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it.
Question: I just received a letter from Chase informing me that they had closed one of my credit card accounts (I have two Chase cards) due to lack…
Mortgages aren't the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make…
Question: I have a Citi Bank credit card as my primary credit card. The account is in good standing with no debt, but what happens if Citi Bank…
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…
Question: My 23 year old son applied for a credit card and was turned down because of "lack of credit history." We had held a joint credit card…
Question: I am notoriously bad with my finances, and for basically the past five years since I graduated college, I have ignored them. Of course…
Question: Is there such a thing as receiving interest for pre-paying a credit card? In other words, I could send in (say) $500 to my credit card…
Question: Chris – I'm expecting an annual raise on my next paycheck of 3-4%. In the past, I've taken part of that and increased my 401k…
Comment: I am listening to your answer to the parents who have a son going to Prague for fall semester. I have two daughters who have just…