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Articles about
Question And Answer
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Link
to more articles at bottom of page |
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Temporary
Downsizing?
We're wondering if
we should sell our house. Our mortgage payment is
$1,030 a month--no problem when we were both working
full time. Now that his income has been drastically
reduced, the mortgage feels very steep. What about
selling the house, using the equity to pay off our
$20,000 second mortgage, and moving into a place that
costs less per month? |
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Don't
Sell the Cattle!
I am a 53-year-old female with a husband that abuses credit cards. I
have sold 2 houses and taken out an equity loan to pay off credit
cards. Tell me how to talk to a man and tell him how stupid he is. I
have the only retirement account. He has some cattle. I just heard
you on the radio today about using credit cards to pay off the debt.
Maybe I could convince him of that... |
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Consolidating Credit Cards to One
Account
I am a recent college graduate and I have accumulated about
$4,000.00 worth of debt spread out in 4 different credit card
accounts. I would like to transfer all of the balances to an account
with a lower APR to save money and to make monthly payments more convenient. The
problem is that I have not been able to be approved for a credit
card with a limit of over $1500.00. Is there anything that you can recommend?
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Credit Card Balance Transfers
I would like to use a credit card introductory rate to pay off
a bank loan. I will need to borrow $13,000.00 credit to pay off the
loan. I have heard that if my credit
report shows too many credit card company requests within one year
that I will be turned down for new credit cards...
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Reverse
Mortgages
I am almost 80 years old,
a widow, excellent health, no debts, my house is paid off, worth
close to $200,000. I live on my social security with a small savings
backup, and I manage to make my taxes and maintain a car and live
well. My children think I should take out a reverse mortgage and
spend the money doing some traveling. Are there any pitfalls in
this?
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What is Better? Fewer Cards with
Higher Balances, or Many Cards with Smaller Balances?
My husband and I are
preparing to buy a new home. We want to clean up our credit card
accounts to better our chances for a mortgage. We were considering
paying off our credit cards with smaller balances using other credit
cards. What is better when your credit is being considered for a
home loan--fewer credit cards with higher balances or more credit
cards with smaller balances?
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Providian
Raised My APR to 29.99%
I was shocked to learn my Providian credit card raised my APR from
23.99 to 29.99. I've never missed a payment or been late. I called
to find out why and the rep told me they mailed out a notice of
change in terms. I said I never received the notice. I calmly explained the situation, reminding them I've
never missed a payment or been late, not even once. They said there
was nothing they could do...
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How
Much House?
Considering the cost of homes these days, what is a reasonable
percentage of a person's salary that should be used for a mortgage
payment? And does this percentage include everything needed to run
that home (utilities, water, phone, etc.)?
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