Debt Relief

Did you read about the couple who are being forced to pay off their deceased daughter’s student loans? Not only does this couple have to deal with the heart-breaking grief of losing their child, they are ruined financially as well. That’s because they have to use up their life savings to pay off her debts. […]

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If you need to do some short term borrowing, you might be tempted to tap your IRA for that cash. It’s there. It’s yours. Why not use it? As you’ll see below, there are plenty of reasons to think twice or three times before moving forward with this scheme. How to Borrow From Your IRA […]

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A credit line is like a credit card in many respects.  With it, you have access to cash (within fixed limits) if you need it.  The notable differences are that the interest rates on equity lines are usually far lower than the rates credit card companies charge.  Also, the amount you can use is typically […]

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If you are in debt, it’s very smart to focus your energy on getting out of it. You’ll have a lot more financial freedom once you no longer have to make that monthly payment. And let me indulge the math nerd inside us all. If you can pay off a student loan that costs you […]

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If you are in debt, especially credit card debt, you might be so focused on getting out of debt that you overlook one of the most important steps – reduce your cost of debt first. The reason this is important is because if you reduce your cost of debt, you can get out of financial […]

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Besides the emotional trauma, divorce is frightening from a financial point of view.  Everything changes and many people find they have to reinvent themselves after the split. On top of that, some people have to deal with problems they never had before like budgeting, getting out of debt etc. Here’s a letter I received last week […]

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