Category Archives for "Borrowing & Lending"

3 Tips for Dealing with College Debt

Dear Chuck, It’s back to school time for many families, but my children are finishing college and newly graduated, so I’m less concerned now that they have a diploma– and more worried about the debt they accumulated – the nasty student loan kind of debt.. Do you have any advice for my family and me? […]

How to Avoid Over-Housing

Forbes contributor, Joshua Becker, asks, do you really need that much home? His insightful article points out that we regularly only use 40% of our living space. Yet, Americans carry high mortgages and live with the stress of financial burden. More is not always better. A small home is typically less expensive, easier to maintain […]

If You Are Buying A Car, Don’t Do This

British comedian John Oliver recently took aim at the rampant rip-off that currently takes place in the auto-lending sector with BUY HERE – PAY HERE loans. These are loans that make it easy to purchase a car on credit but with high interest rates and severe penalties for missing a payment or default.  These are […]

NEVER Take Out This Kind of Loan

Originally posted at Christian Post August 26, 2016. Dear Chuck,  What is your view of payday lending? It seems like Crown would have some insight on the perils of such loans and whether there are alternative ways to secure a “small-dollar loan” such as through church lending clubs, or some other means. Considering my options Dear Considering, […]

Mortgages: Refinancing vs Recasting

refinancing recasting mortgage

Dear Chuck, My husband and I own a home and are trying to decide if we should change our mortgage to get in better financial health. I read recently about “recasting” a mortgage, which sounds a lot like a fishing term! Is that something worth considering? We’ve been looking into refinancing. What is the difference? […]

Are You Stressed About Your Medical Bills?

I recently received this question: My husband and I could really, really use some financial advice. We are both in our 20’s, have a baby, and have been married for a little over 4 years. Unfortunately, we’ve acquired quite a bit of debt, mostly from medical bills because I did not have insurance. But we […]

How to refinance

The primary reason people choose to refinance their home mortgages is because of low mortgage interest rates. However, before refinancing, they should be aware that sometimes they may end up paying more, not less, for a mortgage because lenders charge new types of fees, and loan arrangements can be complex. When to refinance If you’re […]

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