Owing money isn’t supposed to be a crime. So why are people being arrested over delinquent student loans and other debts? The official line for why U.S. Marshals confronted Houston resident Paul Aker earlier this month is that he failed to appear in court over a $1,500 student loan taken out three decades earlier — […]
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Wednesday’s need-to-know money news
Today’s top story: Choosing the best student loan refinancing offer. Also in the news: Taking 15 minutes a month for your financial health, using your 1040 for a retirement savings check-up, and how couples can financially prepare for the inevitable. How to Choose the Best Student Loan Refinancing Offer for You Sorting through the options. […]
Tuesday’s need-to-know money news
Today’s top story: Five major threats to your retirement. Also in the news: Classic money habits you should be using today, seven potential financial time bombs, and how getting married will affect your taxes. 5 Major Threats to Your Retirement The threats coming from both inside and outside the house. 5 Old-School Money Habits You […]
Monday’s need-to-know money news
Today’s top story: What you can learn from your 2015 tax returns. Also in the news: Getting the most from mobile banking, using the 50/20/30 rule for your budget, and the number one thing Americans plan to do with their tax refunds. What You Can Learn From Your 2015 Tax Return Revealing info on your […]
Q&A: Taking out a loan to boost credit scores
Dear Liz: I have little to no information — good or bad — in my credit reports. I am considering obtaining a secured loan from my credit union to establish better credit. Does it make any difference to my credit score if the credit union reports the loan as “secured”? Answer: Credit scores don’t treat […]
Q&A: Saving and investing for a child
Dear Liz: I recently got a court judgment for my daughter’s father to pay me child support. She is 1 year old, and it will be about $1,500 a month. I would like this money to be a gift for her when she is older. I’m told not to put it in her name now, […]