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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.

Not fond of the system

Angel wonders if a person would have a credit report if they have never had debt. Listen as Dave answers her question, and gives some behind-the-scenes information about the credit reporting industry.

Low vs. no

Is a low credit score the same as no credit score? Dave explains the difference to Laura, and offers advice where buying a home is concerned.

Laptop dilemma

Lisa and her husband have just started Dave's plan. Previously, they told their nephews they would buy them laptop computers for college. Now, this would mean postponing the Baby Steps or taking on more debt. Dave sets them straight, and reminds Lisa it's difficult to be generous when you're broke.

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.

They don't want to make it easy!

Rob asks Dave if there's a reason it's difficult to close out credit cards online. Listen as Dave gives him the reason, along with a detailed explanation of just how hard these companies work — and how much money they spend — to get and keep customers.

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.