Tag: Banking/Credit

FICO scores leave out ‘people on the margins,’ Upstart’s CEO says. Can AI make lending more inclusive — without creating bias of its own?

The Value Gap is a MarketWatch Q&A series with business leaders, academics, policymakers and activists on reducing racial and social inequalities. When a congressional task force...

My sister co-signed our nephew’s student loans for $35,000. When he defaulted, she paid them off. Should his parents repay her?

Dear Quentin, I am the executor of my mom’s estate. I have three siblings. My mom is going to equally divide her assets among the...

Opinion: Should seniors get reverse mortgages?

I keep seeing Tom Selleck and Henry Winkler on TV hawking reverse mortgages. I’m pretty sure “Magnum P.I.” and “Fonzie,” now 76 and 75, respectively,...

I will not leave my house to my boyfriend in my will. I don’t want his daughters, who hate me, to profit

Dear Quentin, I have been living with my boyfriend for five years. When I met him he was separated from his wife and they later...

I lost everything, but started over and bought a home. My boyfriend wants to pay off my mortgage and split the proceeds

I’m 43 and finally made it out of my own financial hell. In my early 20s, I dated a man for over a decade who...

My in-laws are still paying off the mortgage on two homes and want to build a third. What should they do?

I read your posts often and never would’ve thought I’d be emailing you one day. I’m reaching out to get your thoughts on what my...

I earn $35K, have $20K in credit-card debt, and $200K in stock. I dream of turning my studio into a rental unit and building a pool

Dear Quentin, I read your column on a regular basis and feel almost out of league to be writing. Unlike most of your writers, I...

What does a mature streaming service look like? Netflix is about to show us

Netflix Inc. proved to the world that streaming video could be a big business. Now it will show the world what that business looks like...

I’m 56, my husband is 57 and retired. We have about $750,000 saved and a military pension. I’m ‘tired of working in America.’ Can I retire in three years?

I am 56 and my husband is 57. He spent 26 years in the military and is now retired from active duty. I continue to...

My husband and I bought our late neighbor’s foreclosed home. My stepdaughter moved in — then the problems began

My husband and I bought our neighbor’s home that went into foreclosure after he died. I agreed to purchase the home with my husband if...

My father-in-law returned our truck with a $1,500 fender bender. My in-laws were flippant and declined to pay. Should we push it?

Dear Quentin, My husband decided to buy a new truck at 0% interest in 2019. At the time our son was 13 years old; he...

My husband wants to buy his sister out of their late mother’s $150,000 dilapidated home — and let her to stay there rent-free

My mother-in-law recently passed away. She left her estate to her two children, my husband and his sister. She had a lot of outstanding debt...

Identity thief used burner phones and Apple Pay to buy diamond-encrusted bitcoin medallion — and actual bitcoin too

It was almost every kind of modern-day financial swindle rolled into one. The mastermind behind an elaborate stolen credit-card scam that used bitcoin, burner phones...

Enhanced Child Tax Credits of up to $3,600 per child will begin this week: ‘I’m going to be able to do a lot’

Margarita Rodriguez is an early riser, waking at 3 a.m. to prepare for her 4:30 a.m. shift at a Passaic, N.J. delicatessen. But on Thursday,...

I got into an accident after my friend asked me to drive her car. She insists I pay her full deductible. Is that fair?

Dear Quentin, I have a moral question that you maybe could give me some advice with. My friend asked me to drive her car with...

Get ready for peak earnings growth as second-quarter results kick off this week

Stock indexes shot back into record territory Friday, a day after their stumble sparked by tumbling Treasury yields and economic growth concerns. Equities could be...

My husband has $75K on his credit card and plans to spend $8K on sporting events. What can I do? Am I on the hook if he dies?

Dear Quentin, What steps can I take to protect myself from my husband’s financial decisions? We are both 47 and have a good income (together...

What to do when your digital assets take a dive

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies....

Here’s your chance to buy bank stocks before rising interest rates boost profits

Shares of the largest U.S. banks have staged a recovery following the stock market’s pandemic low point last year. But they have lagged behind the...

‘The language of consumer debt is rife with moral undertones’: Read MarketWatch’s new ‘Extra Credit’ column

Hello and welcome to Extra Credit, a weekly look at the news through the lens of consumer debt. Your monthly car or student-loan bill may...

Student-loan giant that manages Public Service Loan Forgiveness will stop servicing federal loans

The controversial organization that for years has been public servants’ main point of contact in accessing student-loan forgiveness will no longer be servicing federal student...

These students thought they were paying for their education with an innovative alternative to loans — but the true cost was hidden, lawsuit alleges

A few years ago Faith Chikwekwe came across a post on Reddit about a program that she thought would help her achieve her dream of...

I paid off my fiancé’s $40,000 truck. He wants me to refinance my home with a VA loan — and only his name on the deed

Dear Quentin, I’m a teacher, widow and mom of a toddler. I support myself and my daughter on one income. My fiancé was struggling with...

Minneapolis Fed requiring COVID-19 vaccinations by next month — or employees will lose their jobs

Employees at the Federal Reserve Bank of Minneapolis have until the end of August to get vaccinated against COVID-19 if they want to keep their...

My husband’s sister and brother-in-law declared bankruptcy. The family helped them out — but they still spend, spend, spend

My husband has a large family, and his siblings have varying levels of financial security. One of his sisters is married with teenage children, and...