Will I Ever Retire After Co-Signing a Student Loan?

Dear Penny, I’m hoping to retire in four years. I have $3,000 in credit card debt and $60,000 in auto and RV debt. I’m planning on selling my house and using the equity to buy...

How Couples Can Tackle Marriage Debt as a Team

Marriage is about two becoming one. And along with all the good qualities you both bring to your marriage, you might each be crossing the threshold with student loans, mortgages and credit card debt from...

Save Money on a Car With This Guide to Auto Loan Preapproval

You walk tall into the car dealership — you know the car you want and you know how much you want to pay. You got this. Right up until it’s time to talk financing. Suddenly, you’re...

Should I Open Store Credit Cards to Score Discounts?

Tina Russell/The Penny Hoarder Dear Penny, I’m in my mid-20s, and I’ve never had a credit card. Whenever I’m shopping, I get offers for 15% or 20% off if I open a store credit card,...

How to Shop for a Private Student Loan

If you need to borrow money for college, you’ll want to start with federal student loans instead of private student loans. What’s the difference? Private loans typically come from lenders like banks or credit unions...

Why Adding Your Child to a Credit Card Helps Them Build Credit

Teaching your kids how to fail is one of those underrated parenting skills. By making mistakes in a controlled, safe environment, kids can learn coping skills before they incur real-world consequences. That’s particularly true when...

How You Can Use This Woman’s Student Loan Payoff Strategy

If you’re a recent college graduate — or you’re quickly approaching your pomp and circumstance — plans for the future are surely top of mind. Chances are good you’re also thinking about your student loans,...

How Long Does Bankruptcy Stay on Your Credit Report?

Dear Penny, In 2011, I declared Chapter 7 bankruptcy. Since then, I’ve obtained three new credit cards and pay the balance in full. My credit score is now 742. How long will the bankruptcy stay...

Need a Debt Payoff Strategy? Try One of These Methods

Your reasons for being in debt are as unique as you are. Whether it’s due to a student loan, mortgage, credit card or combination thereof, debt can happen to the best of us. The good news:...

How to Use a Credit Card Without Going Into Debt

Your first credit card just arrived in the mail. Congratulations! Or my condolences. It all depends on what you do next. Credit cards can get a bad rep — and deservedly so if you consider that...

Heading to College? Here’s Your Guide to Types of Student Loans

It’s no secret that the cost of education has skyrocketed in America and continues to be a core issue with which politicians, educators, activists and students grapple. The average total tuition and fees plus...

I’m Retiring With Student Loan Debt of $84K. Help!

Dear Penny, I owe about $84,000 in student loans, and for several years I’ve only paid the interest because it was what I could afford. I currently pay $224 per month. I’m 60 years old...
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