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The 28 Worst Mistakes of First-Time Home Buyers

Few things can match the excitement and anticipation of becoming a first-time homebuyer. But while owning your very own property is certainly an opportunity worthy of celebration, potential homeowners should also be aware of pitfalls and proceed with caution. Lack of experience and eagerness to get in the door and become a property owner can cause first-time homebuyers to agree …

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Why Are My Private Student Loans Hurting My Mother as the Cosigner?

Question: Dear Steve, I currently have private student loans with both SallieMae and Navient. I was putting them into forbearances, but ran into some extreme financial hardship over the last few months and couldn’t make any payments whatsoever. All my loans are now 90 days past due, and my mother is a cosigner. I recently started grad school, but was …

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Women and Credit

Every woman, whether married or single, should have credit in her own name. Should anything ever happen to her spouse and the family credit is in the husband’s name, she may not be able to then establish credit for her self. This is especially true if she is a homemaker who is suddenly widowed or divorced with no job or …

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Caring for Your Parents as They Age

MoneyTips Sunday, July 23, is Parents’ Day, which was established when President Clinton signed a Congressional Resolution into law in 1994 to recognize, uplift, and support the role of parents in raising children. At some point when those children are grown, however, it often becomes their responsibility to care for their aging parents. It is an uncomfortable discussion, but an …

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The price of free software?

Has your computer been acting strange lately? Maybe your default search engine or other browser settings changed, or you’re getting suspicious warnings about your computer’s performance. Are you are seeing ads that don’t seem to belong – like ones that cover up parts of the webpage or are on a site that doesn’t usually show ads? If so, you may …

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Should I Just Stop Paying My Debts and Student Loans?

Question: Dear Steve, I have around 40k in unsecured debt. I only make 49k a year. I have a home and 2 vehicles. All current. I’m current on all debts but I’m about to get behind. Its getting to hard. I have a job and I own a business. My business is going to close at the end of the …

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My GAP Insurance Refuses to Payoff The Total I Owe On the Car

Question: Dear Steve, I purchased a used car for my daughter added a gap waiver. My daughter totalled the car insurance paid their part gap insurance paid less than balance due which the gap waiver is supposed to cover now bank says no because they cite some interior damage but the waiver doesn’t list exceptions just that if the amount …

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FTC Stops More Fake Debt Collectors Operating as Alliance Law Group

The Federal Trade Commission has charged a debt collection operation with taking people’s money for fake debts they did not owe by posing as lawyers and falsely threatening to sue or have them arrested if they did not pay. A federal court temporarily halted the operation and froze its assets at the request of the FTC, which seeks to end …

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Fake debt collectors impersonate real businesses

Fake debt collectors will say anything that will scare you into paying them. Today, the FTC stopped imposters who pretended to be lawyers. They threatened people with lawsuits and jail time to collect debts that didn’t exist. These imposters often used the names of real small businesses or names that were very similar to those of existing businesses. When these …