Summary: Borrowing for a New Car – Howard Dayton and Steve Moore discuss the favorable new-car market, and whether this might be a good time to buy. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org: "Does it make sense to borrow from my 401(k) to pay off high-interest debt?" "Is debt consolidation a good way to eal with high credit card debt? And who can i trust?" (Howard recommended CredAbility.org) 'Would it be wise to put more than 20% down on our down-sized retirement home?' Several helpful items were mentioned on today's program: - CreditKarma.com (for getting your free credit score) - Howard's 'Set your House in Order' workbook - Compass budget coaches 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!
