Our advice columnists have heard it all over the years—so we’re diving into the Pay Dirt archives to share classic letters with our readers. Submit your own questions about money here. (It’s anonymous!)
Dear Pay Dirt,
My husband and I have racked up a sizable amount of high-interest credit card debt. And while we have been planning and budgeting to pay it back, the high interest rates mean we don’t make much of a dent. (We’re already putting as much of our regular income as we can toward credit card payments.)
He’s getting a large (low-five-figure) check this year and we were hoping for advice about how to use it best, in a way that lowers the significant chunk of monthly income that goes to credit…
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Police Commissioner Shankhabrata Bagchi producing the accused before the media, in Visakhapatnam on Friday.
| Photo Credit: Special Arrangement
In a bizarre incident, a 24-year-old man, along with three friends, allegedly robbed his own house to clear his debts. The incident that occurred in Indira Nagar Colony under the Kancharapalem police station limits on October 5 came to light on Friday after police arrested the accused.
The accused have been identified as D. Krishnakanth (24), and his friends P. Pramod Kumar (30), S. Abhishek (21), and A. Satya Surya Kumar (22).
Addressing the media on Friday, Police Commissioner Shankhabrata…
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Accommodation Concern awarded £50,000 to launch AI-powered digital debt advice toolkit Northampton Chronicle and Echo
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Accommodation Concern Awarded £50,000 to Launch AI-powered Digital Debt Advice Toolkit Northamptonshire Telegraph
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Maya, a mom from Colorado who recently got engaged, called The Ramsey Show (1) to ask for expert advice about how she should manage her debt snowball.
She has around $53,000 in debt, including $16,000 in credit card debt, $14,000 on a vehicle loan for a car that was wrecked when she was uninsured, $12,000 in unpaid rent from an eviction and a few small personal loans.
She was calling to find out if she should prioritize the $12,000 in unpaid rent because her ex-boyfriend had co-signed for the debt for her, and she didn’t want him to have trouble when he had to lease another apartment after his current lease expired.
Ramsey ended up commenting on more than just the debt snowball process, though. He said the caller had created…
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Tanja Ristic | E+ | Getty Images
A version of this article first appeared in “CNBC’s Money 101 newsletter with Sharon Epperson,“ an eight-week series with monthly updates to help improve your financial well-being. Sign up to receive the series, straight to your inbox. It is also available in Spanish.
Mounting debt has been hindering savings for many Americans.
About 71% of U.S. adults surveyed say monthly debt payments prevent them from building wealth or savings, according to a recent survey by the National Foundation for Credit Counseling. The NFCC survey of 2,010 U.S. adults was conducted by Harris Poll this spring.
Federal Reserve Bank of New York data shows credit card balances reached a collective $1.21 trillion in the second…
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As an industry, Bollywood has a million stories about the people who didn’t make it and the dreams that were never realised. There are a few hundred accounts of stars who broke through the grasps of their own reality and made a name for themselves. Shah Rukh Khan is one of the biggest examples, as he is the second richest man in Bollywood. But the man who is worth more than the Badshah himself isn’t an actor, singer, composer or director. He is a producer, and his name is Ronnie Screwvala.
According to the Hurun India Rich List 2025, Ronnie is the richest man in Bollywood, sitting at a net worth of $1.5 billion, which is around Rs 13,314 crore. He has not only taken over the whole game, but his competition, like Bhushan Kumar and…
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Colorado Mom Asks How To Manage Her Debt Snowball moneywise.com
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The High Court has made a Disqualification Order against the director of a company which operated in the line of business of plant, lorry and labour hire.
The Order was made for nine years against Barry McGurk (44) of Laxford Lane, Broughty Ferry, Dundee in respect of his conduct as director of BMG Group Ltd (“the Company”).
The Company operated in the line of business of plant, lorry and labour hire with a registered office at 1 the Square Moy, Dungannon, Co. Tyrone, BT71 7SG. The Company went into liquidation on 24 February 2022 with an estimated deficiency as regards creditors of…
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David Sharaz’s life will drastically change in a matter of weeks if he officially goes bankrupt.
Former federal senator Linda Reynolds confirmed that Brittany Higgins‘ husband, Mr Sharaz, accepted service of a bankruptcy notice on Friday.
She has given Mr Sharaz a 21-day deadline to pay what’s owed to her before she proceeds to formally bankrupt him.
Reynolds is seeking to recover damages awarded in her favour after she sued her former Liberal staffer Ms Higgins and her now-husband for defamation over a series of social media posts that she successfully argued had damaged her reputation.
Last month, WA Supreme Court Justice Paul Tottle ordered Mr Sharaz to pay Ms Reynolds $92,000 in damages, plus legal costs expected to exceed…
