Q: I’ve been exploring various options related to my current debt situation, and I often see references to SECURED debt versus UNSECURED debt. I’m a bit confused…what is the difference? – Befuddled in Bayonne. A: This is a common question, and I am happy to explain. According to the definition in Wikipedia, “A secured loan [...]
Archive for the ‘Q&A’ Category
17 Sep
Q&A: Will 1 Late Mortgage Payment Hurt My Credit Score?
This Q&A was recently posted in the Daily Herald of Chicago: Q: I ran into some financial problems recently and wound up making my mortgage payment about 30 days after it was due. I am back on my feet now and made up for the late payment, but can you tell me how my problem [...]
2 Aug
Q&A: How Do I Get My Spouse To Acknowledge Our Debt Situation?
Q: My husband and I are drowning in debt. We owe over $80,000 to the credit card companies, and we’re starting to fall behind in our mortgage payment as well. My husband is in denial and can’t come to terms with our struggles. What can I do to bring him back to reality? – Frustrated [...]
2 Aug
Q&A: Radio Ads About Federal Credit Card Settlement Programs..Where Do I Learn More?
Q: I’ve heard many radio ads that mention recent federal stimulus programs for credit card settlement. Where I learn more about these programs? How do I apply? – Broke in Bayonne, NJ. A: Unfortunately, those radio ads are promoting fictional stimulus programs. Go ahead, and look for them online…call the companies that advertise on the [...]
