|
Louisville’s Troubleshooter is well-known for her tough investigative reports. We were honored to appear on the show and even more honored when we were invited back to answer live callers questions on credit and debt. 
|
|
Watch the Video
|
|
|
SmartMoney Magazine by Nancy Nall Derringer, Published March 3, 2009
1. “We’re just waiting for you to screw up.”
Many things can bump your credit card interest rate into the red zone, but nothing faster than what’s called “universal default.” You can make all your credit card payments religiously and for a long time, but fall behind on your electric bill and, suddenly, you’re a deadbeat—who will be charged accordingly.
|
|
Read more...
|
|
|
Well, you should be. Joint debts can wreak havoc on your credit if your ex-spouse doesn't handle them properly and your divorce decree doesn't really protect you.
For instance, if you have a joint auto loan and the divorce decree specifies that your ex will keep that auto and will refinance the loan into just their name, what happens if they don't? And what happens if they make a car payment 30+ days late? Your credit gets hit – that's what happens.
|
|
Read more...
|
|
|
Valid XHTML and CSS.