Debt

August 12, 2020

What loan options do I have for helping my child afford college?

Starting college is an exciting time for parents and students alike. But this excitement often comes with stress and uncertainty about how to pay for school. You may be wondering what options are available for you and your child. If you want to help your child cover the costs of higher education, you have many…

July 22, 2020

What’s the Best Way to Pay Off Debt?

There are a couple of ways to get out of debt and back on track with your finances. Let’s walk through some straightforward steps together! Start with Budgeting Basics To start with, make a budget. Total up all your monthly take home pay. Next, start to subtract all of your expenses. You will want to…

June 08, 2020

Can I trade in my new truck for a cheaper car?

I have a truck that I just bought for $35,000. It’s now worth about $31,000. Can I trade my truck in for a $20,000 car? What happens with my negative equity on the truck and my sedan that I just paid for with the trade–in value? Submitted by Jae E. It’s common to buy a…

June 05, 2020

Tips for Managing Your Debt in Case of a Recession

It is important to consider any financial goal, including eliminating debt, in the context of your overall financial well-being. What are your priorities? What is your financial picture now and in the future? With a recession comes more uncertainty...

June 17, 2020

Are there debt consolidation companies for poor credit scores?

Submitted by Sara K. A Debt Management Plan (DMP) that is offered by a non-profit credit counseling agency can be an excellent tool for getting out of debt. Anyone can use these plans, whether they have poor credit or great credit. Credit cards, co...