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Ask an Expert: Answers

#AskanExpert: Where Should I Get My Credit Score?

Q. I’m seeking a credit score for lease or purchase for property opportunities. I have a credit report that I downloaded in August 2018 but my score was not included. Many in the property business are asking for this. Where should I get my credit score? Dear Reader,   Getting ready to rent or buy a property can be very exciting. Knowing your credit score and what’s on your credit …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

#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

#AskanExpert: How Can I Move My Personal Credit Card Debt to My LLC?

Q. How can I move my personal credit card debt to my LLC? I started a company but I funded it with my personal credit cards first. Now I would like to move those expenses to my company’s LLC. Dear reader, As a business owner, it’s wise to keep your personal and business finances separate. It’s easier said than done, especially when you are starting out. It’s not uncommon for …Read More

#AskanExpert: Should I Use My Social Security to Fund My Children’s Retirement?

Q. I have more than enough to fund my retirement and I plan on retiring by age 62. I am considering taking my Social Security payout at age 62 and investing it in fairly aggressive stock funds for each of my two kids. I would like to put it into a trust that wouldn’t allow them to access the money until they are 60 years old to help fund their retirement. …Read More

#AskanExpert: Should I Use a Credit Repair Company to Fix My Credit?

Q. I filed for bankruptcy, but my case was dismissed. It’s been 16 months since the dismissal. While I was protected during the bankruptcy process, all accounts were closed and not sold to collection agencies. Should I hire a credit repair company to help clean up the mess or should I leave it alone? Right now, I only have one account in collections and maybe 10–12 that have late payments.   …Read More

#AskanExpert: What Are My Options for Student Loan Repayment?

Q. I was reading about the Navient lawsuit but also received a text in regards to it and wanted to understand this better. I’ve been paying this one loan for what seems like forever and I do pay extra each month. This loan started out at about $30k and now it’s at $50k. In the end, I’ll end up paying over $90k. I was in the military and my recruiter …Read More