Closing credit card account

Aug 25, 2009
Question: I have a high interest credit card--24.9% with Bank of America, with a large balance $12,000. I am closing the account and Bank of...
Posted In: banking, Credit Cards, debt

Home equity line of credit

Jul 29, 2009
Question: I have a $50,000 mortgage on my condo and was just approved for a $150,000 equity line of credit (no processing fees). I have no...
Posted In: Credit Cards, debt, Housing

29% interest rate

Jul 24, 2009
Question: I am rec'ing notices that my credit card rates are jumping to 29%. I owe about 35K. I tried to get a consolidation loan to pay them off...
Posted In: Credit Cards, debt

Pay off auto loan

Jul 10, 2009
Question: I have a car loan that I could afford to pay off. However, is the loan, which has been paid on time for about 2.5 years, helping my...
Posted In: debt

Borrow to invest?

Jul 6, 2009
Question: My husband and I are both 50+, with two children of college age. Our house is paid off and we are without debt. He wants to take out a...
Posted In: debt, Housing, Investing

Getting debt help

Jun 26, 2009
Question: My daughter recently lost her job in Las Vegas, NV, had to vacate an apartment & will be unable to complete the lease. She forfeited...
Posted In: debt

Pay off student loans

Jun 26, 2009
Question: My only debt after I sell my house will be a student loan. Here is the info on that loan:...
Posted In: debt, Savings

Stick with adjustable rate mortgage?

Jun 19, 2009
Question: My wife and I have an Adjustable Rate Mortgage on our home with a current interest rate of 6.125%. We recently received two letters from...
Posted In: debt, Housing

The mortgage lock-in

Jun 19, 2009
Question: I am a first time homeowner ready to go ahead with the purchase except for the dreaded "lock" of the interest rate. My closing is set for...
Posted In: debt, Housing

Mortgage tax deduction

Jun 11, 2009
Question: hey guys. someone had written in with a question recently, asking Chris if they should pay cash up front for a Townhouse, or take out a...
Posted In: debt, Housing