Would you marry someone who is $700,000 in debt? That was the question du jour on Money 911 this morning. To see what we told the caller — plus tips on switching banks and avoiding fees — check out the video clip below.
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This morning on Today‘s Money 911, we spoke to a woman whose daughter is working a part-time job, but it’s not enough to cover the cost of college. To see what we told her — as well as how to set a budget, pay off multiple credit cards and improve your credit score — check out the video clip below.
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This morning on Money 911, we spoke to a woman whose portfolio is 60% stocks and 40% bonds — but she’s nervous about the market’s volatility. What did we tell her to do? For the answer to her question, plus advice on whether or not to opt out of a credit card rate increase, check out the video clip below.
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This morning on Today, when discussing ways to avoid banks’ growing fees, I mentioned switching to a credit union as a possible alternative to a large national bank. In talking about credit unions (and small banks) I pointed out that they tend to have lower fees and mentioned ATM convenience as a drawback. This isn’t always the case.
There exists something called the CO-OP Network, which includes over 3,000 participating credit unions. Through this network, there are 28,000 ATMs that offer surcharge-free access to accounts for all participating credit union members. If you don’t know where to find an ATM like this, you can look it up here, at CO-OP’s ATM locator. (There is also a surcharge free network of ATMs you can use no matter where you bank. Here’s the website to find machines near you.)
In regards to physical branch locations for these credit unions, the CO-OP Network has a similar set-up: members of participating credit unions can go to any of the 4,400 participating branches across the U.S and use that branch as if it was their own. These are called “shared branches,” and you can locate them using this link here.
Thanks to my readers who pointed this out!
Filing for bankruptcy can be a difficult thing: it provides a blank slate, but it can also be tough to start anew. This morning on Money 911, we talked about what you can do to rebuild after bankruptcy. We also addressed paying off law school loans vs. 401(k) contributions and how to overcome a bad credit report. To hear our tips, check out the video clip below:
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With each passing week, my Credit.com Debt Diet participants get savvier and savvier about paying off their debt. This week, one learned the psychological benefits of paying off bills as they come, rather than in one chunk at the end of the month. Another learned to break her goals into smaller steps so it’s easier to see the progress. For more on what they’re learning and how they’re doing, see what the Debt Diet participants are blogging about this week.
Thanks to a recent amendment, banks might start charging you more to use your debit card. In my newest New York Daily News column, I tell you what this change means for your wallet.
Is it ever too early to start contributing to a 401(k)? I say no way — the sooner, the better! This morning on Today‘s Money 911, we took questions from a few young workers who wanted to know all about investing in the stock market and beginning 401(k) contributions. To see what we told them, check out the video clip below.
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As my Debt Diet Challenge participants are learning, the fable of the tortoise and the hare has never been more true: slow and steady wins the race. When you’re staring at a mountain of debt, it can be difficult to think that there will ever be an end in sight. But small, steady progress will get you to where you need to be. To hear more about the ups and downs of the Debt Diet process, see what the participants are blogging about this week!
New regulations from the Federal Reserve and Federal Trade commission require lenders to reveal the reasons behind a decision to deny an extension of credit or an interest rate — including the credit score used to make that decision. What exactly does this mean for consumers? Check out my latest New York Daily News column, where I tell you how to understand and take advantage of this new rule.
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