Dear Liz: What is your opinion of debt reduction programs? I am constantly receiving mail from various companies, and I was wondering if they are legit. They claim they can reduce my debt, which sounds promising, but I am hesitant to get involved with them. Answer: You’ve got good instincts. Many of the companies sending […]
Recent Blog Posts
It’s okay to close credit accounts sometimes
Dear Liz: I have heard that you should never close credit card accounts of your own volition because that can hurt your credit scores. Are there any exceptions? I received a credit card several years ago, when my credit scores were in the toilet because of a number of collection accounts and delinquencies. I had […]
Monday’s need-to-know money news
Today’s top story: How to pick a credit card when your options are limited. Also in the news: Reducing your taxable income, rescuing your retirement plans, and why shopping from your couch on Black Friday could save you the most money. How to Pick a Credit Card When You Have Few Options Pay close attention […]
Protect yourself from holiday credit card fraud
Holiday shopping means more opportunities to whip out your plastic—and more opportunities for thieves to try to steal your identity. Here’s what you should do. Be vigilant. If you haven’t already, sign up for online access to your bank and credit card accounts. You should be reviewing your transactions at least weekly. Be reachable. Update […]
Friday’s need-to-know money news
Today’s top story: How to avoid the worst credit cards of 2013. Also in the news: A new debt collection law, five things you should ask your financial advisor, and three investing mistakes retirees must avoid at all costs. How To Avoid The Worst Credit Cards Of 2013 Easy credit can come at a gigantic […]
Thursday’s need-to-know money news
Top Story: Predictions for the 2014 housing market. Also in the news: When is the best time to buy a new home, how we’re feeling about money, and the best place to rebuild your nest egg. Glinkonomics: Predictions For The 2014 Housing Market What’s to come in the year ahead. Is There a Best Time […]