Tag: Road to Wealth
February 28th, 2011

Q: I recently found out that my home is worth $140,000 less than what I paid for it four years ago. I have a 40-year loan. My mortgage company refuses to modify the loan. I was not very well informed and took bad advice in this purchase. I’ve heard about people just walking away from […]

February 24th, 2011

Q: I am in the process of getting a divorce, and I want to rebuild my credit [score]. It’s very low. And, I don’t know where to start. I want to use a credit agency, but I am not sure. I have heard that it’s best to use nonprofits; but I never hear that they […]

February 21st, 2011

Q: My husband was divorced from his first wife approximately eight years ago. They have three accounts in collection, which is hindering our chances of purchasing a home. Is it possible to write a letter to the creditors to settle his half of the debt or is he responsible for it all? San Francisco, CA […]

February 16th, 2011

Q: Is it a good idea to make use of refund anticipation loans when filing taxes? What’s the big deal? A: A refund anticipation loan (“RAL”) is a short-term loan backed by your tax refund. And it’s a bad idea because of all the fees involved. The loan lasts only until your refund arrives, which […]

February 14th, 2011

Q: I am a homeowner thinking of getting our home into a short sale. I need a list of reputable companies who may well assist me with this process. Lake Forest, CA A: I’m so glad you asked about reputable companies, because there are so many scams out there for homeowners who need to sell […]

February 10th, 2011

Q: Now that it’s tax season, are there certain scams to be on the lookout for? A: Every year, the Internal Revenue Service issues warnings to taxpayers about tax scams. You would think the warnings weren’t necessary as people become savvier, but the scams keep coming. The most common tax scam is executed in what’s […]

February 7th, 2011

Q: My husband and I are in debt due to his previous foreclosure, and we both have school loan debt–his from many years ago, that he is paying off now; and I finished undergrad school last year. I lost my job in June of last year and have not found a job. I have searched […]

February 3rd, 2011

Q: I have some medical school debt. It’s not significant compared to many, but one of the companies is threatening legal action and refusing to even consider accepting a plan to pay the debt. What are my options? Thornton, CO A: As you are finding out, student loan debt, which is the same as debt […]

January 31st, 2011

Q: My husband and I have been working really hard the last couple of years to get out of debt. Most of our cards are cut up, and we haven’t used them in a very long time. I have been enrolled in a credit counseling agency since September 2009. We pay $69 per month just […]

January 27th, 2011

Q: I have an estimated $40,000 worth of student loan and federal tax debt. My annual income is around $42,000. One of my dreams is to be debt-free by age 49. I am 46. What would you suggest to meet this goal? I also have custody of my two grandchildren, ages 6 and 2. Ronny, […]

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