Bankruptcy isn’t the end of the world. It may even be good for you. Bankruptcy stops collection calls, lawsuits and wage garnishments. It erases debt. And despite what you’ve heard, bankruptcy may help your credit scores. Credit bureaus and scoring experts often say bankruptcy is the single worst thing you can do to your scores. […]
Recent Blog Posts
Tuesday’s need-to-know money news
Today’s top story: The best way to invest $5,000. Also in the news: How a credit card helps with building credit, the life-and-death financial decision you don’t want to think about, and apps to help lazy people save money. The Best Ways to Invest $5,000 Putting your money to work. Building Credit? How a Credit […]
Monday’s need-to-know money news
Today’s top story: Should you get an FSA? Also in the news: The best times of the year to buy a used car, saving enough for retirement, and the states with the highest rate of identity theft. Should I Get an FSA? The pros and cons of a healthcare spending account. The best times of […]
Q&A: The ins and outs of credit scores
Dear Liz: I’ve been using a free credit site to learn more about credit reports and credit scores. Recently I looked around and found reviews about how “horribly inaccurate” these free scores are. Where can I go to find my real FICO credit scores? I need the ones that matter, the ones that lenders use. […]
Q&A: More on Saving for Retirement
Dear Liz: Here is another take on your response to the reader who questioned whether retirement calculators were a hoax that promoted excessive savings rates. You mentioned that current retirees had enough pensions, Social Security and savings to replace nearly 100% of their working income, while younger people likely would have only enough to replace […]
Friday’s need-to-know money news
Today’s top story: Why more banks are turning to biometrics for security. Also in the news: How natural disasters can hurt your finances, how to get your late credit card payment waived, and 10 things that will cost you less this summer. More Banks Turn to Biometrics to Keep an Eye on Security Your eyes […]