DadsDivorce

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2 selected videos

Money Made Easy: Debt Consolidation & Credit Rating

Financial advisor Dan Danford answers this personal finance question from a Money Made Easy viewer: "I've heard a lot about debt consolidation and it sounds like it might be a viable option for me to help me get out from under significant student loan and credit card debt. But does debt consolidation negatively affect your credit rating?"

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Related topics : loan consolidation credit card debt / student loan debt credit card

Money Made Easy: Are Short-Term Loans Worth It?

Money Made Easy host and financial adviser Dan Danford, CFP®, CRSP®, MBA, answers this question from a DadsDivorce.com visitor about short-term loans and credit scores: "I'm considering borrowing some money from a short-term loan company online. The issue is that I do actually need the extra $100 and will repay the loan in three days. I figure I will be charged a few dollars for the interest. Will this short-term loan affect my credit score in any way?"

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Related topics : loans short term online / loan short term / credit score loan