8 Ways to Pay Off Retirement Debt (Including Credit Cards)

Despite your best savings efforts — and maybe due to some unexpected expenses — your retirement plans may have run into the stark reality that you didn’t end up with the nest egg you had planned on. In fact, you’re…

FDCPA Updates Could Mean Texts and Emails From Debt Collectors

Tired of debt collectors’ harassing calls? Their newest tactics could involve pestering you through texts and emails — maybe even on Facebook. The Consumer Financial Protection Bureau issued a final rule to update to the Fair Debt Collection Practices Act…

Dear Penny: Should We Pay Off $74K in Debt or Save More Money?

Dear Penny, My husband and I are seniors who are currently working full time outside L.A. We have one month’s savings and not much in retirement due to a move and one of us being unemployed for two and a…

How to Kill Zombie Debt and Get Debt Collectors Off Your Back

Brains. Braaaaaains. Sorry, just channeling my inner zombie. If you’re in the mood to chop off something at the head, forget the fictional walkers and consider taking a whack at zombie debt. Zombie debt is way less fun than it…

Hebrew Free Loan Associations: How They Work and What They Offer

Borrowing money can be expensive — especially when your pockets aren’t deep to begin with. Whether you’re trying to consolidate your debt or simply cover rent, borrowing solutions like personal loans and credit card advances all come with interest. Sometimes…

What Is Bankruptcy? Here’s How Filing Affects Your Life

“I. Declare. Bankruptcyyyyyy!” As Michael Scott learned in “The Office,” getting rid of debt isn’t as simple as that announcement. Wouldn’t that be nice? Many people think of filing bankruptcy as an easy way out. But these people have never…

Are Retailer Financing Offers Really Interest Free Loans?

No payments! No interest! You don’t pay anything until next year! Sound familiar? The ads are enticing. Who wouldn’t want to snooze on a luxury mattress or binge-watch shows on a big-screen TV — all without paying a dime for…

Need a Loan? How a Low Income Credit Union Can Help

Banks can be unaffordable unless you can meet the often prohibitively high monthly balance to avoid service fees. But the alternative for many ends up being even more expensive — in the form of check-cashing services, prepaid debit cards and…