Archive | Free Financial Information RSS feed for this section

Question: Dear Luise: My son lives in another city. He is always calling me to loan him money. He has a very good job but he does a lot of shopping, partying, etc. When I say I don’t have any he immediately puts the conversation in such a way that he’s blaming me for the [...]

Question: Dear Luise: We have about $17,000 in credit card debt, but I’m paying well over the minimum each month and have all but one under half of the allowed credit on each card. My question is, if we take out a consolidation loan and pay them all off, what will that do to our [...]

Question: Dear Luise: Good morning – My husband and I are in a financial mess and we really don’t know who to talk to or where to turn. My husband bought our house in 2005 before we were married and he signed on for an ARM not knowing what this meant. Two years later our [...]

Question: Dear Luise: I have about 25,000 in a Money Market CD that is collecting about 5.3%. I owe about 29000 on a home equity line of credit. I believe it is at about 7% right now. I am thinking of taking the money from my CD and paying down that line of credit, to [...]

Question: Dear Luise: I want to ask a question pertaining to which debt to pay off first. Can you help? B. Answer: Dear B. There are several different ways that I know of to look at debt reduction. An initial approach might be to pay off the smallest debts first. Quite often, multiple payments can [...]

Question: Dear Luise: My son received a large sum of money from a Pa. Workman’s Comp. settlement. He owed me most of it for loans over the last 3 years. He gave me the remainder because he has a drug addiction and knew he would blow it on drugs. I have bought him many things [...]

Question: Dear Luise: I have a bad credit score. I am falling behind in my bills, etc. I have a second mortgage on my home. My home is appraised at 200,000 of which 77,000 is my own cash I put down. I cannot really afford my home. My question is if I sell it, can [...]

MomResponds # 496 – My Credit is Down the Tube Question: Dear Luise: I have a bad credit score. I am falling behind in my bills, etc. I have a second mortgage on my home. My home is appraised at 200,000 of which 77,000 is my own cash I put down. I cannot really afford [...]