Borrowing money is a common part of life for many people. From buying a home to covering unexpected expenses, loans and other forms of credit can provide access to funds when paying the full cost upfront is not possible. Whether borrowing makes sense d…
Author: Timi Joy Jorgensen, PhD
The short answer is no. In most cases credit card companies cannot garnish your Social Security. Federal law is explicit on this. But there are exceptions, and a few common situations can put your money at risk anyway. Here’s what to pay attentio…
What is a PLUS loan in simple terms? It is a federal Direct Loan that can help pay school costs left after other aid is used. There are two types. Parent PLUS is for parents of dependent undergraduate students. Grad PLUS is for graduate or professional…
Getting ready to buy a home usually means navigating a long list of financial decisions. And one of the most important steps is learning how to choose a mortgage provider that fits both your needs and your budget. Different lenders offer differen…
Is another unknown number calling you? Or are collection letters filling up your mailbox? It’s tempting to ignore debt collectors and hope they’ll forget about you. But even so, you’re probably wondering: What happens if you don’t pay a debt collector?…
Retirement savings are meant to be there when you need them most, but accessing those funds isn’t always instant. Many retirees and workers alike find themselves asking how long a 401(k) withdrawal takes after they request their money. Most withd…
Does your home need a new roof? Have you been considering building an addition? Home improvements can add value to your home, but financing them can be tricky. A home equity line of credit (HELOC) is one option. You might be wondering, “Should I get a …
Paying for car insurance is a regular part of owning a vehicle. But between rent, groceries, gas, and everything else pulling at your paycheck, the last thing you need is an insurance bill eating up what’s left. Understanding how to lower car ins…
When most people take out loans, they don’t think they’ll have trouble repaying them later. Unfortunately, circumstances can change. And when they do, they sometimes cause major financial problems. Forbearance may help you get back on your feet. But wh…
Knowing what happens to your 401(k) when you die can spare your family extra confusion. In many cases, the answer starts with one small document: the beneficiary form on file with the plan. That is why this question matters so much. Families usually wa…