In response to:

Dave Says: Mutual Funds not Appropriate for Car Fund

Contrari-Un Wrote: Oct 16, 2012 3:28 PM
Dave Ramsey is no personal money management expert, or financial expert at all. He's an Ann Landers type, making money off those who know even less about finances. I remember him in the late 90's saying mutual funds would return an average of 15%. The Dow Jones isn't back to the level it was in 2008. He didn't know anything then and he's still in the dark. A 5 Yr. time horizon for mutual funds is far too short and if you listen to him you'll find yourself with about half of what you've invested in 5 yrs.

Dear Dave,

I have some bad marks on my credit report. What’s the best way to handle them?


Dear Patricia,

There can be three types of nasty items on your credit report. There are errors, which shouldn’t be there at all. There are old payments that you paid late, and really, these are just a report of history. Then there are debts that have gone bad. This means you didn’t pay them. If these are the types of items you’re talking about, you’ll have to go back and clean them up. This will mean either making payment in full...