Tayne Law Group

Category: Family Finance

  • Can You Inherit Debt of a Parent or Spouse? What to Know Before Making Any Payments

    Can You Inherit Debt of a Parent or Spouse? What to Know Before Making Any Payments

    If your parents or spouse has recently passed away, you may stand to inherit some things from them. However, one thing that you do not want to inherit is their debt. With that in mind, we have decided to answer the question, “Can you inherit debt?” Keep reading to learn when you might be on […]

  • How Student Loans Affect Your Credit Score

    How Student Loans Affect Your Credit Score

    If you have student loans to your name, you’ve likely wondered, “How do student loans affect your credit score?” In truth, they do have an impact on your score. However, the good news is that borrowers have control over the type of impact they experience, specifically whether it is positive or negative. We’ve created a […]

  • Is Borrowing From 401k to Pay Off Debt a Good Idea?

    Is Borrowing From 401k to Pay Off Debt a Good Idea?

    If you have credit card debt, but you have some retirement savings, there’s a good chance that you’ve thought about borrowing from a 401(k) to pay off debt. While borrowing from your retirement account is certainly an option, like any other financial decision, it does come with its own pros and cons. With that in […]

  • Personal Finance 101: Should I Save or Pay Off Debt?

    Personal Finance 101: Should I Save or Pay Off Debt?

    Every day, many Americans ask themselves, “Should I save or pay off debt?” If you’ve asked yourself that question recently, you’re not alone. In light of that, we have taken the liberty of answering this question once and for all. Keep reading to learn whether it makes sense to save first or to pay down […]

  • How to Consolidate Debt with Bad Credit

    How to Consolidate Debt with Bad Credit

    When you have bad credit, it can sometimes feel like your financial options are limited. Fortunately, there are things you can do to take control of your debt and improve your credit score. Below is a guide on how to consolidate debt with bad credit. Read it over to get a sense of the steps […]

  • Can You Buy a House with Credit Card Debt?

    Can You Buy a House with Credit Card Debt?

    Per the latest numbers from Debt.org, the average American household carried $5,315 worth of credit card debt in the fourth quarter of 2020. With numbers like those, it’s no surprise that many would-be-homebuyers wonder, “Can you buy a house with credit card debt?” The short answer is, yes, it is possible to buy a house […]

  • Family Activities During the Pandemic to do at Home

    Family Activities During the Pandemic to do at Home

    The coronavirus (COVID-19) pandemic is affecting families across the nation. Many municipalities are shutting down schools to prevent the spread of the virus. While you and your kids might be stuck at home, you can still have fun as a family without breaking the bank.

  • Long-Term Effects of Student Loans for Millennials

    Long-Term Effects of Student Loans for Millennials

    According to a study released by Bloomberg, millennials are now in more than $1 trillion of debt, most of which is made up of student loans.