Liz Weston

Columnist Money Talk

Recent Articles

  • Who is responsible for credit card debt after a death?
    Who is responsible for credit card debt after a death?

    Dear Liz: My mother, who is widowed, has credit card debt. When she dies, are my sister and I responsible for that debt? There is no estate, but she does have a small amount of life insurance that mainly would go toward her funeral expenses and fixing things in her home to get it ready for...

  • Personal finance Q&A: Pay a bogus bill to protect credit rating?
    Personal finance Q&A: Pay a bogus bill to protect credit rating?

    Dear Liz: I was a volunteer for a research study at a local university. It required a blood draw done at the university's hospital. A month later, I received a bill for the blood draw, which I questioned. I was told it was a mistake and that I was in no way responsible for costs associated with...

  • Debit card charge is a mystery
    Debit card charge is a mystery

    Dear Liz: I think I've been scammed, but my credit union has decided I'm simply forgetful. I noticed a debit to my checking account that I did not recognize from a merchant I cannot identify. The merchant name appears on my statement as simply "Portland Portland OR." My credit union can tell me...

  • A few options for student loan forgiveness
    A few options for student loan forgiveness

    Dear Liz: I have a rather ugly student loan predicament. You mentioned "the possibility of forgiveness" in a recent column. I feel very strongly that I am deserving (if I dare use that word) of partial or full forgiveness of my undergraduate loans, although the loans from my graduate studies...

  • Husband being hounded to pay debt on car he returned to dealer
    Husband being hounded to pay debt on car he returned to dealer

    Dear Liz: My husband returned a car to the dealer when he lost his job. Now the company says he owes it more than $7,000 (the difference between what he owed to the dealer and the price for which the car was sold). He refuses to pay any amount, but recently he received a letter from a law...

  • How will generous gift to high school graduate affect financial aid?
    How will generous gift to high school graduate affect financial aid?

    Dear Liz: Our grandson's stellar high school performance and his family financial situation were such that he was admitted to his state university with grants sufficient to pay all school fees, including room and board, with no loans or work-study. His grandmother and I have a 529 account in...

  • Keeping piles of loose change for an emergency is impractical
    Keeping piles of loose change for an emergency is impractical

    Dear Liz: My husband recently told me that he has saved many coffee cans full of loose change over the years. When I suggested we might at least roll the change to make it easier to count should we ever need it, he was not interested! I understand he just wants it available in an emergency, but...

  • Which to pay off first: credit cards or student loans?

    Dear Liz: I have $8,000 in savings. Should I use it to pay the accrued interest on federal student loans that go into repayment soon? Or should I pay credit card debts of $662 at 11.24%, $3,840 at 7.99% and $3,000 at 6.99%?

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