Today’s top story: 10-word answers to your biggest hurricane insurance questions. Also in the news: How to prepare before a hurricane hits, ditching debt when you’re newly single, and how to bring up money for the first time. 10-Word Answers to Your Biggest Hurricane Insurance Questions What you need to know. How to Prepare Before […]
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Tuesday’s need-to-know money news
Today’s top story: 5 things debt collectors can’t do – and 5 they can. Also in the news: The pros and cons of dropshipping, protecting intellectual property, and how to choose a rewards credit card. 5 Things Debt Collectors Can’t Do — and 5 They Can Learn the limits. Dropshipping Cuts Your Inventory — and […]
Credit bureaus ease medical debt pain for a few
Too many Americans have bad credit because of unpaid medical bills. That’s not likely to change anytime soon, despite two reforms in how those bills will be reported to the credit bureaus. Starting Sept. 15: —There will be a 180-day waiting period before unpaid medical debts can show up on people’s credit reports. —Medical collections […]
Q&A: Why tapping retirement cash early shouldn’t be done lightly
Dear Liz: I’m reaching out on behalf of my father, who does not know how to write emails. He was wondering if he pulls his money out of his IRA, how much will he get charged? Also, how much would he be able to give to his granddaughters without being charged? Answer: Withdrawals from IRAs […]
Q&A: Making sure your free credit report really is free
Dear Liz: Please tell me again how to get my free credit report each year. Answer: You can get a free annual look at your credit reports from the three major credit bureaus at www.annualcreditreport.com. If you search for “free credit report,” you may wind up at a look-alike site, rather than the federally mandated […]
Q&A: More advice on how to find a reliable cheap car
Dear Liz: I have repaired my own vehicles all my life, and I wanted to add a bit to your response to the person in Chapter 13 bankruptcy who needs another car after paying $1,500 cash each for two junkers. You are correct that a $3,000 car is likely to be more reliable, but I […]