Dear Liz: Recently you wrote about debt being forgiven after seven years, but in your book “Deal With Your Debt,” I’m sure you said after four years credit-card debt is usually not collectible. Could you clarify? When I tell debt collectors about this, they merely laugh. Answer: That’s understandable, because there is no forgiveness for […]
Recent Blog Posts
Monday’s need-to-know money news
Today’s top story: How to protect yourself from credit card breaches. Also in the news: The best ways to pay for college, how to avoid year-round tax scams, and what happens to your debt after you die. Shelter yourself from payment card breaches How to protect both your finances and your identity while shopping. The […]
Secret Fed recordings should scare you–a lot
People remember where they were when they heard about big historical events, like the planes flying into the World Trade Center buildings. Finance geeks remember where they were in September 2008 when they heard that the Prime Reserve Fund had “broken the buck.” A money market fund’s share price had just dropped below $1 for […]
Friday’s need-to-know money news
Today’s top story: How to save on closing costs when buying a new home. Also in the news: Unnecessary credit cards fees, money management lessons for teens, and why you should never feel self-conscious about being frugal. 5 Ways to Save on Closing Costs You’re already spending enough on the house. Check Your Credit-Card Bills […]
Thursday’s need-to-know money news
Today’s top story: How you could be spending too little in retirement. Also in the news: How a late payment could disable your car, what bills to pay when you can’t pay them all, and deciphering the “Nanny Tax”. 7 Signs You’re Spending Too Little In Retirement Yes, you read that correctly. Miss a Payment? […]
Wednesday’s need-to-know money news
Today’s top story: The fear of outliving your retirement savings. Also in the news: Credit scores reach new highs, fun ways to teach your kids about money, and steps to protect yourself against credit fraud. Big retirement fear: Outliving your savings What you can do to prevent it. Credit Scores Hit New Highs – But […]