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Your personal finance questions, answered.Credit Cards - All posts in category Credit Cards
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Aug 9, 2011
10:19 PM
Question: I have $17,000 in credit card debt at a variable rate of 10.99%, which I plan to pay off using my monthly income by December 30. I have a $15,000 car loan at 2.65% fixed with 4.5 years left to pay on it, which I was not planning to pay off prior to the loan term date. I am receiving a $7,000 after-tax bonus in September. Should I use this to pay down the car loan or use it to pay down the credit card?
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Aug 5, 2011
9:38 AM
Am I Responsible for My Wife’s Credit Card Debt?
By Quentin FottrellQuestion: In the August issue of SmartMoney Magazine, you mention a question I need an answer for: “Are you responsible for the (tax) debt incurred by your spouse?” Also, my wife has a lot of credit card debt in her name. Am I responsible for paying that off when she dies?
Peter in Nixa, Mo.
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