MoneyWise | October 12, 2018

Payday Loan Alternatives

Show Notes

On this MoneyWise Rob and Steve discuss why payday loans are not financially sound and inform you of what better options you might have. They also talk about how paying down debt affects your credit score as well as choosing types of insurance. 

Then, they answer your questions at (800) 525-7000 and about the following:

  • If you have no debt, how does that affect my credit score since I am not making payments that might be reported?
  • When looking for a new church, should you consider a church's financial situation?
  • What is the difference of term insurance verses whole insurance and when should you use one over the other?
  • What is a backdoor Roth IRA?

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