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#AskanExpert: Can a Student Loan from 1990 be Forgiven?

Q. I have an outstanding student loan from 1990. I have seen information to the effect that the loan can be forgiven after 25 years. Is this true? If so, could I hire you to facilitate it? I can’t get through their phone line. Dear reader,   It’s true that there are federal student loan repayment programs that will forgive any outstanding student loan amount after 20 or 25 years …Read More

#AskanExpert: How Can I Get My Credit Score Over 800?

Q. I only use my credit cards to pay off small bills every month. It’s all automated and very calculated on my end. I have 2 credit cards, one with a $6000 limit and one with $2000 limit. I’m probably only using about 1 to 2 percent of my credit every month. My current FICO score is 785, and it’s been stagnant at that score for a while. But I’d …Read More

#AskanExpert: What’s the Best Way to Help a Family Member Struggling Financially?

Q. Our daughter and son-in-law are struggling to pay their mortgage and other bills each month. She was laid off from her job and has been caring for our son-in-law at home. He has multiple health issues. Our son-in-law may be influenced by addictive behavior such as gambling or using drugs. He is very depressed since he has had to deal with health issues that have been causing considerable pain. …Read More

#AskanExpert: Do I Qualify for Public Service Loan Forgiveness (PSLF)?

Q. I’m a physician working in critical access hospitals within the Indian Health Service as an independent contractor. Do I qualify for the PSLF? How do I apply for it? Dear Reader,   As an independent contractor you would not qualify for Public Service Loan Forgiveness because you do not satisfy the employment eligibility requirement. To be eligible for the PSLF, you have to be directly employed by a qualifying …Read More

#AskanExpert: Where Can Learn More About Borrower Defense?

Q. I graduated from Ashford university in 2010 with the hopes that I could get a better job opportunity. Unfortunately, not many employers recognize this university as legitimate with all of its legal woes. I feel like I was misled by this school and reached out to my state attorney asking for help with student loan forgiveness. Is there any information that’s available to help me?   Dear Reader,   …Read More

#AskanExpert: Can a Pension be Garnished?

Q. Is my pension protected the same as Social Security when debt collectors are trying to collect from me? Can a pension be garnished?   Dear Reader,   Most of the time, pensions have the same protections from creditors or debt collectors as your Social Security benefits. However, your debt collectors could get some of your pension income through other collection activities that don’t include accessing your pension directly.   …Read More

What’s Next for Returning Furloughed Federal Workers

Now that the longest federal government shutdown in history is over, many are wondering what lasting effects the nearly 800,000 workers who were most directly affected will face. The answer depends on how hard their finances were hit when their paycheck didn’t come as scheduled and how much they may have had to rely on credit to get through. The 2018 Consumer Financial Literacy Survey revealed nearly 7 in 10 …Read More

#AskanExpert: Too Many Credit Cards, How do I Avoid Bankruptcy?

Q. I have gotten myself into too many credit card payments. The amounts owed are relatively small but I have 13 of them! I just missed the monthly payment on 3 of them. Can I get a loan to pay them? I also have a loan for $2500 and have been charged almost $1800 in fees since February. Is there anything I can do to save myself from bankruptcy? Dear …Read More

#AskanExpert: Help, Multiple Credit Inquiries Hurt My Credit Score!

Q.  I submitted a request for an online personal loan and that kept sending me to different loan companies and they failed to tell me that all of them would be pulling my credit score and now my score lost 51 plus points in 3 days. Help me, please. Dear reader, Seeing your credit score drop so quickly can be intimidating, especially if you are actively looking for new credit. …Read More

#AskanExpert: Will Husband Filing Bankruptcy Impact My Credit?

Q. My husband and I have a credit card together. I just found out that he has been using the card and there’s a large amount due. He is filing for bankruptcy. We have no other cards together or other accounts together. I can’t afford to pay the minimum requirement on the card. He has just started the bankruptcy process; I did not file. Do I have any options to …Read More