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Ask Dave

Dave has answered thousands of money questions over the years.
Find the answer to your question here.

Debt

0% interest?

Does Dave like the idea of zero percent financing? Nope!

Pay it off!

Derricka got some bad advice from a co-worker, but Dave steps in and sets things straight.

EE bond dilemma

Cash in EE bonds to pay off debt? Dave likes the idea, and he walks Patrick through the steps that will move him closer to financial peace.

The numbers don't lie

Nathan seems to think there are good kinds of debt. Dave explains why he feels this is wrong, and how debt impacts your life in the present and in the future.

What happens to the debt?

Elizabeth is a high school student, who is studying Dave's "Foundations in Personal Finance" curriculum. She calls in to ask what happens to someone's debt when they die, and there are no heirs to take responsibility for what they owed.

Debt and income crisis

Bill has a lot debt, and little income, as he finds himself starting over financially in life. He asks about using a consolidation company, but Dave urges him to stay away from those types of things.

Your habits need to change

Walter wants to use a credit consolidation option to help pay down $40,000 in debt. Dave advises against this, saying the biggest problems Walter faces are his own habits and behaviors.

Leasing equals financing

Monica wants to know what Dave thinks about leasing cell phones. It comes as no surprise to find Dave is not a fan.

They're incompetent

Jeffa's husband has student loan debt, and his loan servicer has lost all information pertaining to the loans. Dave tells them to keep bugging the servicer until they find someone smart enough to solve the problem.

Bad advice from a bad friend

A friend has suggested that Jennifer and her husband not pay their credit card bills in order to get a settlement and pay less. Jennifer isn't sure about this, but Dave is - he's sure it's a bad idea.