Dear Dr. Don,
I have asked several people this question, and I hope you can give me an answer. I owe $70,000 on my mortgage. The interest rate is 5.75 percent fixed and it has 11 years remaining. I want to shorten the time of the years left because of my planned retirement in nine years.
If I pay $700 a month on my payment, how much do I need to pay toward the principal, and how often, to shorten the years (more…)
Posts Tagged ‘years’
Credit damage may last beyond 7 years
Saturday, March 28th, 2009 Dear Dr. Don,
When a negative account on my credit report is more than 7 years old, why does it continue to show on my credit report? A divorce put me in a terrible financial position, and even after all these years, and even after paying the bad debts off, they still remain on my credit report. How can I get them off?
— Denise Denouement
Dear Denise,
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