Foreclosures, good debt, shopping tips and more. Check out what you missed this past week On the Money.   Read More

That's right, not all debt is inherently bad. Also, why everyone should have an emergency fund.   Read More

Why it's not necessarily best to pay off your mortgage right away. Plus, more answers to reader questions.   Read More

Need to know how to find a credit counselor? What if you have to settle your debt? Is it legal to decrease your credit line without notice? Find out here.   Read More

Don't spend more than 15% of your monthly income on paying down debt. Instead, chip away until it's at zero.   Read More

There are no longer any exceptions to this rule, Cramer says.    Read More

I'm 24 and own two homes. Actually the first home, I did not buy, I loaned my name and credit to a family member. This was about three years ago. Since this time, I bought my own home, and my credit score was about 780 at the time. Unfortunately, the family's business is going under, thus the home is as well. So far, there is a 60 day delinquency on my report, which severely dropped my high score.   Read More

I am 62, she is 59, We have more out go the in come. We have 3 homes w/ payoption loans, rental in Hawaii, rental in Bakersfield, CA and our home in Thousand Oaks which is to big for us and too expensive to maintain. We each work full time and make a fair living. I have several credit card accounts at low interest till paid off. We are going to sell the rentals. We know we need to sell our home and downsize, We have no savings. We are living off the equity from the main home. There will be no profit from the rentals. We have lost our equity there. We owe $320K on Hawaii, We owe $280K on Bakersfield. Our residence is worth a $1m, we ow $800K. Our expenses are $3K more each month then we make.   Read More

How long does a repossession or foreclosure stay on your credit report after being paid off?   Read More

I am a 37 single teacher with more than $70,000 credit card debt (incurred through a failed business attempt). I am severely delinquent in any payments (more than one year) and I am considering filing for personal bankruptcy. Are there any other alternatives?    Read More