Dear Liz: I understand that creditors eventually write off unpaid debts and receive a federal tax deduction for the loss. Then they sell that “debt” to a collection agency. However, isn’t the debt rendered void by the fact the original creditor charged it off and got the deduction? So how can collection agencies attempt to […]
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Thursday’s need-to-know money news
Why joint accounts aren’t always a good thing, how to raise financially savvy kids, and the psychology behind overspending. 4 Ways Joint Accounts Can Ruin Your Credit Sharing isn’t always a good thing. 7 Personal Finance Tools Every Kid Should Have Starting your kids off on the right financial foot. ABCs of Obamacare: a glossary […]
Wednesday’s need-to-know money news
Which debts you should settle before applying for a mortgage, what to glean from your free credit report, and why crowdfunding is no longer just for opening a new coffee shop. The Right Way to Pay Off Debt to Get a Mortgage Which debts you should pay off before trying to get a mortgage. The […]
Tuesday’s need-to-know money news
Surviving unemployment, the pros and cons of taking a personal loan to pay off credit card debt, and where your state ranks on the list of America’s most debt-free. How to survive a job loss Tips on how to get through one of life’s most difficult times. Use Personal Loan to Cut Credit Card Debt? […]
Monday’s need-to-know money news
Becoming financially savvy at a young age, how to make your money last through your retirement, and how being a football fan penalizes your wallet. Personal Finance Tips for Young Adults The earlier you become financially savvy, the better the payoff. Making your money last through retirement Tips on how to stretch your savings over […]
Friday’s need-to-know money news
Busting credit myths, credit goals for 20-somethings, and the evolving list of what your home insurance will and won’t cover. 6 Credit Myths That Can Wreck Your Finances It’s time to bust some credit myths. 10 Amazing Pieces Of Financial Advice Stuffed Into 1 Cheat Sheet Everything you need on a simple index card. 5 […]