Gerad wants to know the best way to handle extra payments to his loan servicing company. I have a question about my private student loan. Most of my loans are federally backed and I have consolidated them. However, I have one loan, which was private that I was not able to consolidate. Currently, I am […]
I have student loans and I’m wondering if it’s a good idea to consolidate them. Does it ever save money to consolidate student loan debt if you can afford your payments? – Eileen Asks Absolutely. There are three main reasons to consolidate your loans: financial, management and suitability.
Sometimes, going against conventional wisdom can work out in your favor. Emile writes: I stumble on your website after a Google search and what a pleasure it was. I have a situation and I’d appreciate your honest opinion on it. I am graduating college in about a month with about $30,000 in credit card debt […]
Welcome to our reader question series where we feature an inquiry submitted by the MoneyNing community, along with our answers. Today’s question touches on so many subjects we discuss here on the blog: Marriage and finances, credit, and paying off debt. Show her some support by letting her know how she can handle this delicate matter.
Over the holidays, my husband’s family spent quite a bit of time with us. His brother mentioned that he is expecting a nice, large tax return. “I use it as a sort of savings account,” he said. “That way, I know I’m getting something back.” Before I could help myself, I blurted out: “But why? […]
This time of year, it is common to receive a rather friendly suggestion that you can skip a debt payment. Some lenders will let you do this just for the month of December (“use the money to ease your holiday budget crunch”), and others will let you skip payments in January as well (“start your […]
