Summary: Bad Credit Choices – Howard Dayton and Steve Moore reveal the types of loans and credit you should avoid. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: What steps can you take to stop spinning your wheels and move toward financial freedom? We need to sell land that is now worth less than what we owe. What are our options? After receiving $9,000, would it be best to apply that money to debt, emergency savings or to buy a home? Would a bill consolidation loan hurt my credit? What is the best way to pay for wedding costs? What can I do when a gym is still draft money from my account after cancelling membership? What is an interest-only mortgage, and is that something you would recommend? Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!
