More gas stations in Los Angeles seem to be charging a premium to use a credit card. One 76 station near my home charges 20 cents more per gallon, to be precise. I only noticed the difference after I swiped my card and was about to press the key to start the pump. I checked […]
Recent Blog Posts
Be careful when settling old debts
Dear Liz: I paid all of my old collection accounts except for two, which now are beyond the statute of limitations. I would like to find the best way to negotiate with the collection agencies without getting sued. Even though the original delinquency was over four years ago, the agencies are reporting these every month […]
Get second opinion before buying cash-value insurance
Dear Liz: I think you missed one of the possibilities when a reader wrote to you about a pitch he received from an insurance salesman. The salesman wanted the reader to stop funding his 401(k) and instead invest in a contract that would guarantee his principal but cap his returns in any given year. You […]
Settling co-signed student loan debt
Dear Liz: My daughter co-signed a student loan for a friend who failed to pay the debt. Now my daughter cannot refinance her home because this loan appears on her otherwise very good credit reports. She has been getting calls from a collection agency. I called the agency to discuss what it would cost to […]
Skip a payment, trash your scores
Dear Liz: We are trying to negotiate our second mortgage and have not paid it since June. Will this affect my wanting to purchase an auto? Answer: It may not affect your desire to purchase a car, but it’s likely to affect the actual transaction if you’re not able to pay cash. Failing to pay […]
No 401(k)? Set up transfers to IRA
Dear Liz: I started a new job, but unfortunately it does not offer a 401(k). I have an IRA but don’t contribute to it. What is the best way to contribute so I can discipline myself in saving for retirement? I am 47. Answer: The best way to save for retirement is to leave the […]