Should I Get a Reverse Mortgage?

Mortgages

Should I Get a Reverse Mortgage?

Should I Get a Reverse Mortgage?

Q. I’m on a fixed income and money is tight. I own my home without a mortgage but I’m not sure if I should use it for my expenses. Should I consider a reverse mortgage? — Worried senior A. Taking a reverse mortgage to fund your living expenses in retirement is not a decision you... Read More

10 Items You Should Never Buy Used

Personal Finance

10 Items You Should Never Buy Used

10 Items You Should Never Buy Used

Buying used items is one of the top ways to consistently save money on everything you purchase. However, not every used item is a good value. Here are 10 things we think are better when bought new. 1. Cribs Back in 2011, the government changed safety standards for baby cribs in response to infant deaths related to... Read More

Help! A Debt Collector Isn’t Working With Me

Managing Debt

Help! A Debt Collector Isn’t Working With Me

Help! A Debt Collector Isn’t Working With Me

Paying off a debt can unfortunately be easier said than done. Usually the struggle is related to the debtor’s financial well-being. (You probably wouldn’t owe money if you could pay it back, right?) But there are times when a collector can gum up the works. You’ll want to, of course, verify all collection accounts before paying. But... Read More

This Mystery Shopper Scam Just Won’t Die

Identity Theft

This Mystery Shopper Scam Just Won’t Die

This Mystery Shopper Scam Just Won’t Die

A scam involving counterfeit checks is making its way around the internet, and if you’re not careful, you could be its next victim. That’s according to Fox 6 Now, which reported this week that a man named Jerry Peterson received a priority mail package after applying for a mystery shopper job online. Inside was a... Read More

Some Wal-Mart Prepaid Cardholders Say They Still Can’t Access Their Funds

Personal Finance

Some Wal-Mart Prepaid Cardholders Say They Still Can’t Access Their Funds

Some Wal-Mart Prepaid Cardholders Say They Still Can’t Access Their Funds

People with Wal-Mart’s MoneyCard continue to have trouble accessing their funds, despite comments from the card’s operator, GreenDot, that the issue was resolved Wednesday evening. Several customers have reported going five days without being able to use their money. Nearly 600 frustrated customers have joined a Facebook group Wal-Mart Money Card Exodus since it was... Read More

My Simple Trick for Always Staying on Budget

Personal Finance

My Simple Trick for Always Staying on Budget

My Simple Trick for Always Staying on Budget

My husband and I have a budget (just like many of you do — and, if you don’t, you can get started here). We also use cash for most of our spending. We have it down to a science and our budget always works. However, that was not always the case. There was a time when my cash... Read More

What to Do When Your Parents Kick You Out

Personal Finance

What to Do When Your Parents Kick You Out

What to Do When Your Parents Kick You Out

Moving out of your parents’ house, no matter what the circumstances are, is a step toward independence. However, once you’re out in the real world, you have a lot of responsibilities to consider that you may not have thought of while living under their roof. Here are five financial goals to focus on as you make the transition.  1.... Read More

Show Me More

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.