Does length of credit history or percent of credit used count for more?

When I was back in college my mom added me as an authorized user to her credit cards. I have now graduated and been paying my own student loans (on time) for the past year. In checking my credit scores, I realized that she is using a large portion of her available balance on these […] Read more
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How often can/should I apply for a credit limit increase?

I just got my first personal credit card 8 months ago, and I’m occasionally hitting/getting close to the credit limit. I’ve never missed a payment or had to pay a single fee, and I’m using the card for everything. I tried to get my credit limit boosted two months ago and it was boosted a […] Read more
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Swiss-style Monetary Policy

I’m doing some research on investing and financial advisers. Not that I have a lot (no debt, less than 20K in net worth), but I’ve recently finished paying off all my student loans, and am now considering where I should put the extra 1K/month (savings vs. an existing mutual fund vs. somewhere else). To complicate […] Read more
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High Student Debt – Will Mortgage Lenders Take Into Account Repayment Assistance Program?

I am a few years out of professional school, and am starting to think about buying a home. Based on my credit, income, and available down payment, I would be easily eligible for a good-size mortgage. However, I still have a massive amount of student debt (several hundred thousand dollars). My unusual circumstance, though, is […] Read more
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Paying loan more than the monthly limit vs keeping the extra in a bank or investment

I have a student loan (9% interest rate) which I have to pay within the next two year. Since I have a secure job I know I will finish paying within two years even with the minimum monthly payment. However, to lower the total amount I will pay at the end of the 2 year, […] Read more
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What is the best way to pay back a(n unaffordable) private student loan?

Let’s say I owe a private student loan of $50,000, and it’s already been discharged to a 3rd party for collections. Monthly payments would be several hundred dollars, which is something I cannot reasonably afford, nor am I willing to have that much cut out of my paycheck for the next 10 years, considering the […] Read more
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How can I determine if a debt consolidation offer is real or a scam?

A friend of mine recently attempted to go though debt consolidation. He received a phone call and was offered really good terms to consolidate his current debts. A promise was made that the company would negotiate with the creditors and reduce their debt by nearly 60%. This included 30k in Student loan debt and about […] Read more
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Saving money in college while paying for college

I am currently attending college. I am working internships while not in school and making good money compared to a typical minimum wage job while at college. I am going for my bachelor’s in electrical engineering. I will make enough to pay for the next semester so I do not have to take out a […] Read more
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Verification of student loan amounts

I consolidated my student loan debt with FedLoan a year or two after graduation. Is there an easy way to verify that my current balances are accurate? Is this something an accountant would handle, or is there possibly even a subsidized service to check things like this for students? I have a lot (if not […] Read more
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W-4 Allowances – IRS Calculator

I am currently utilizing the IRS Withholding Calculator to figure out what my allowances should be (note: NOT exemptions). My current situation: First half of year up to June 30, I earned 11,700. The tax withheld federally on this YTD is 1220. Starting July 1, I moved onto to a new role which will have […] Read more
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