“How can I get a loan for a cheap used car?”

Hello, Saundra! How do I go about finding and choosing a certain type of loan (if one exists) that would enable me to quickly buy a cheap used car (around a couple thousand) that I could be able to pay back (with no job/income) with only the money I have saved from last semester’s student…

Read More

“How will filing for bankruptcy affect my retirement?”

What is your perspective about filing for bankruptcy in regards to saving for retirement? Submitted by Chris C. When it comes to any financial decision, everything affects everything, so kudos for thinking about the impact of bankruptcy on retirement planning. The decision to file bankruptcy is a big one, as it will impact your financial…

Read More

“What is trailing interest and how do I avoid it?”

TFW when you make that final credit card payment to bring your balance to zero, and you get hit with another bill for interest!    What is “trailing interest”? I just got a credit card bill with interest charged after I paid it off! Submitted by Sasha. When you are using credit cards, timing is…

Read More

“Why do different companies show different credit scores?”

Why do different companies show different credit scores? Credit Karma showed my score 70 points higher than the banks! Submitted by StillLearning. Ah, the mysteries of credit scores. Let’s get the nuts and bolts down, then we can talk about the best approach to getting the information you need. There are several credit reporting companies…

Read More