tonight, making money. what if you can sell your home? well, rent it out. becoming a landlord could put extra cash in your pocket. protecting your money, credit card companys have gone crazy. i've been hearing your horror stories. i'll show you how to fight back and saving money from ebay to thrift stores. it's all "on the money" >> i'm here to help you make the most of your money. let's start with growing your money. many of you e-mail me, carmen, i

have a stash of cash, anywhere from $1,000 to $100,000 and you're asking, where should i put my money? let's open the phone line and start with clayton in texas. you told us you have $100,000 in cash, not a bad place to be in. >> caller: no. but here's all of this cash on the sidelines and i don't have a use for it. it's scary to thing of putting it back in the stock market. i don't know about investment properties. there's not a good location it seems to put this right now. >> clayton, you're kind of scared -- can't move with this money. don't be embarrassed. nothing to be embarrassed about the fact you have this money. you have to make that money work for you. you have other funds in other places as well, right? >> caller: yes. >> you have an emergency fund, the equities account? >> no, there's another account for that.

>> you own your home outright? >> caller: yes, i do. >> you have a vacation home. >> caller: which i'm currently living in. >> and rock solid 401(k). you have a lot in there all right, quarter million. >> caller: not being reported to any more. due to employment changes i haven't been able to contribute. >> you have a lot going on, do you have access to a 401(k) now? >> caller: do i have what? >> access to one now. >> caller: i do not. >> you need an ira, but you have a vacation home and another residence. but where do you think you should put your money. >> caller: if it weren't for the volatility i like the stock market and seeing the gain that's come from that, but i've lost a lot in the past as well. gained a lot and lost a lot. so i don't want to be risky with this. >> i got you. i'm very happy that you say you like the stock market.

sometimes it is our friend. and we need it. clayton, we're bringing in tom myers to help, a financial adviser of mier financial capital group. you've taken a look at clayton's numbers they are beautiful numbers, but he needs to get this money going to work for him. what do you say? >> carmen these are stellar numbers. clayton should be very proud of yourself. don't feel embarrassed that is why we have 7 to $8 trillion in cash. at the same time, the fact of the matter is this, we cannot save our way to prosperity. the fact of the matter is when you take taxes and inflation into the equation, cash is yielding a negative 3% rate of return. >> but, tom, he's got an emergency fund saved up. of course, we want everyone to protect the emergency fund, but beyond that, he's really got to get this moving so he's not

losing money. >> no doubt about it. the market right now is up 1 or 2% year to date. it's outperforming cash. i think that will get the people away from the return of capital to return on capital. it's time to wade into the risk pool and you can do so, you can do it slowly, short-term interimmediate bonds, focusing on the downside while also participating in the upside potential in a rising stock market. >> tom, i love to walk people through things step by step. he's got the big chunk of money and shouldn't just turn around tomorrow and stick it all in there. tax advantages here, where can he put a chunk of it and l. how does he get into the market step by step to dollar cost average his way in. >> you have this cash, were you

fully invested before and yanked everything out. >> caller: i'm still substantially invested. i yanked out everything i had put in originally, all i'm left with is profits. >> you should dollar cost average. look at the 100,000, divide it by six and put monthly contributions into a portfolio of no load mutual funds. >> tom, what about iras, you can still use a traditional, right? >> first of all, you want to max out the traditional iras. you are young, use your age to your advantage. traditional iras, you have the ability next year to convert those to a roth because there will be no income limitation. max out that traditional ira.

>> i've been doing that. >> clayton, here's the thing, here's your to do list from us. max out all of your ira possibilities, here's the thing, even though it seems small, tax saves are huge. invest the rest, go into real estate investment trust, that sort of thing. make sure it's a diversified portfolio that makes you comfortable. what do you think, sound like a plan? >> sounds like a great plan. thank you, clayton. rick in virginia. you have 8,000. >> i have five-year cds maturing this month i'm debt free except for a 15-year mortgage, i'm not sure if i should invest in the stock market or where should i put the money. >> he's got 4.5%.

>> carmen, do you remember we did a show last month on -- >> one of my favorites. rick, this is great. no way, no how at your age are you going to take the mortgage off. invest the money into the market get a mutual fund. if all americans were like you, we wouldn't have the problems we have today. >> rick, here's a question for you, do you have a solid emergency fund? >> i do have about six months worth of living expenses saved up. >> tom, what do you think, about rick and his background. we've got the emergency fund retirement. should it go a little bit more in the emergency fund or six months is clear for rick, he's 30, pretty safe. is it time to invest this? >> absolutely to invest. it you're making a great chunk of change you're young. let's also think about iras. a traditional ira, regardless of

your income next year, you can convert that to a roth. max it out at $5,000. >> caller: that sounds good to me. >> here's the thing, definitely don't pay down that mortgage. no need to put more money into that. build in a ira up. take total tax advantages of that and keep contributing to it. >> caller: i'll be sure to do that. i sure appreciate it. >> thank you so much. tom, i got an e-mail from mandy in illinois. here's what she's asking us, i have close to $110,000 in cash i'm afraid to invest anywhere. now i've lost a lot of money with both downturn and now have only $45,000 invested in my ira. i work in the i.t. industry and would like to retire comfortably at 63. where should i put my money? >> mandy rs has great real estate but she has this liquid,

a single mom. she needs to get this money going to work. >> there's no question about it. it's the deer in the headlights, the return on capital versus return on capital. she has to get back in the risk pool. she wants to retire in 17 years. $100,000 ats 3%, unless you want to live with your kids, it's not going to work. i'm working at that investment property, free and clear, being liquid is a-number one, real estate is dead. if that property can be sold, i would do it immediately. therefore you now have $300,000. put $40,000 off to the side for educational expenses and take the $250,000 and invest it conservative, you'll get yourself a nice chunk of change between 500 an$500 and $800,000.

>> mandy is a single mom, a couple of kids going to school. i agree with you, the rental property could be keeping her down. if she could unleash the cash and add it to the 110 k diversified, keep some liquid, bond a little conservative. she is all her kids got and her retire. make sure diversify with the money and keep some some bonds to protect it. and thank you, tom for helping us tell everybody where to put their money. something we're hearing a lot about, your credit card horror stories. kristen knows some she nan gans, my credit card company after 18 years now decides to make my card a variable rate. i could not decline the change and close my account. i had to take the variable thing whether or not i canceled it.

so i canceled. they did not try to fight and keep me and know i owe $5,000 with a variable card. i know where next year's irs refund is going. get rid of that card. john, this sounds familiar, what we've learned they are now exploiting, the loophole tactic, right? >> that's exactly right. carmen. this is the other way to skin a cat. the card act, which becomes enforceable in february of 2010 actually prevents the increase and interest rate aunless the consumer has done something negative. they have changed a fixed rate to variable rate so they can change the rate without having to deal with the card act. she should look her fingers do the walking and pay the card off quickly as she can and take her

business elsewhere. >> now maybe she's got a ding on her credit report because of card cancellation, keep the card, pay that thing off in the meantime and don't use the card, right? >> the fact they didn't fight with her or entice her to stick with them, tells me they have chosen to lose her as a customer. there are thousands that would be happy to have her as a customer under her terms versus under her terms. the. >> now here's a message from one of our friends from ivillage. it possible that chase was alerted through the credit bureaus when we paid off our $400 car loan that we now have expendable income. our minimum payment is rising from $200 a month to $600. can they suddenly do this? what would happen if i called and said i can't pay that much? would this adversely affect my credit? >> it absolutely would.

there's a possibility, right that they've been monitoring this? >> it is absolutely possible and it's suspicious the amount she paid off is equal. they can pull your credit reports on a monthly basis and she she's exhausting this automobile debt. once it's been paid off in the full she has extra capacity to throw somewhere else. i would not write this off as being a coincidence. >> credit card big brother, very spooky. thank you so much for writing ivillage. thank you, john for joining us. now, do you have a credit card horror story? i want to hear about it. scare me. i want to help you too. we'll be back after this. next, a warning for all you renters out there. >> they are innocent, paying the rent and doing their job and next thing you know the bank is

knocking at the door telling them it's time to go. >> what you need to know about your land lor money. >> later from ebay to thrift stores i got the secrets of savvy secondhand shopping that will save you money. >> we're preparing a special episode where i take on one of your biggest demands, carmen, save me money. send me your questions. call me 877-753-cnbc. and you could be on the show. she wants to make up. we decide to turn in early. we just know. announcer: finding the moment that's right for you both can take some time. that's why cialis gives men with erectile dysfunction options: 36-hour cialis or cialis for daily use. cialis for daily use is a clinically proven low-dose tablet you take every day, so you can be ready anytime the moment is right.

tell your doctor about your medical condition and all medications and ask if you're healthy enough for sexual activity. don't take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. don't drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision stop taking cialis and call your doctor right away. announcer: cialis for daily use or 36-hour cialis. ask your doctor if cialis is right for you,

on tonight's money watch, millions of you have not been able to sell your homes and the answer may lie in taking on a new title. landlord. take a look at this story in dallas ft. worth. tonya has been trying to sell her home since january. >> high ceilings, that's a benefit. >> but so far no takers and she's already bought and moved into a larger home. >> i didn't think it would take that long but it did and that's because of the market. i really believe that's because of the market. >> now stuck with two mortgages, colton is trying to rent this house joining the ranks of

accidental landlords across the country. people who didn't plan on being a landlord but have to out of necessity. when alex and his wife got married, they were scared to death being about being lancaster lor landlords, but decided it was best. >> we have to hold onto it. >> he says his experience has been good so far. >> we're actually saving money by leasing our house. saving on utility and drive time and gasoline. >> reporter: for on the money, i'm christy nelson. >> what do you need to know? jeffrey taylor, mr.landlord.com. you started after becoming an accidental landlord yourself?

>> i did. that reminds me over 25 years ago when my wife and i were young and newly weds and wanted the american dream so we bought our first house. unfortunately it was more than we could afford. before we got to the point where we were in financial trouble. friends told us about another neighborhood where there were other properties for . we bought a second home and thought we would be able to sell the first home. as the story goes we became accidental landlords because we couldn't sell the property and needed money to cover our expenses. whether it's a job transfer or taken on too much house, they can't unload the home so they have to take money in to take care of the bill bills. how difficult a process and what kind of mind set do you have to be in? >> if you want to be a landlord it's difficult. as a rental property owner, you

want money coming in to cover expenses. when that cash flow is interrupted, that's where the difficulty. it can be interrupted in several different ways, one way is because of vacancies in the market we're in with accidental landlords trying to sell property, there's a lot of competition. people can have property sitting empty for days and weeks and months. they may lose their job in this economy. so there the cash flow is interrupted and a third way it can get interrupted because of expenses. if you're a new accidental lapped landlord, that expense is often unexpected and that creates problems and stops your cash flow. those are reasons why it sometimes can be difficult being a landlord. >> talking about the cash flow, you really have to think like a business person. you to make a second job, a ceo running your own business here. part of the pit fall could probably be who are the potential residents going to be.

you have to screen the residents. what kind of screening do you recommend? >> the reason you have to screen, when i got started as a landlord, we would look at the potential residents, eyeball them. if they looked okay to me and looked okay to her, okay, here's the keys, pay us this amount of money -- >> that won't work these days. >> no it's not going to work. we didn't know if they had been recently evicted or how the credit report looked. i've learned over the years you've got to run a credit report on individuals and eviction report to see how they've been paying other landlords, i strongly encourage any accidental land lor, make sure you're taking the time to check out the credit history of any plaplik ant. >> there are a lot of legal issues involved, you have to

know the landlord/tenant law. >> this is totally different than being a homeowner. we were talking about screening. what's important is you got to know when you can accept somebody and when you can't accept them. what are the right reasons, there's fair housing laws and fair credit reporting agency, eviction laws and security laws, security department laws, you've got to get a good grasp and know your facts. if you don't know your facts, it can cost you tens of thousands of dollars. that's why encourage new landlords, make sure they read a lot. find out what the law is for your state. if you know the facts and if you know how to select right residents, know that things can go wrong, by the way. know they can go wrong. as i first time landlord, i had somebody who painted the apartment completely blue, totally surprised me. >> you should have that as part of your agreement, what? what you can and can't change in

the apartment? >> exactly. now i know. i need to have legal forms. i need to have a proper lease. i need to have proper applications. i need to have them reviewed by an attorney. i didn't know that when i first got started. you've got to treat this as a business. >> you do. and if you do, it's going to be a good situation for you and make ends meet and maybe even make you some money, but you have to manage the relationship right. thank you so much, for sharing with us. jeffrey will join us again to reveal some of the not o obvious pros and cons of being a landlord. now let's look at the other side of the rent al equation. what do you need to know about the landlord? here's a story in nbc san diego. >> reporter: finding a place to rent isn't easy, especially if you worry about the financial help of the landlord. kathleen austin cannot get her

deposit back from her last rental. >> you're relying on the landlord to make the bill and pay them and pay the insurance and pay the taxes and get everything done and you're blind. >> in the old days the landlord was checking the tenant's credit. >> reporter: how do you know if your landlord is having financial difficulties, take a look at that home or apartment before you give them a deposit. >> some landlords are saying, i see there are problems here, don't worry about it, i'll take care of it after you move in. >> renters have to worry about their own finances and the finance of the person who owns their home, condo or apartment. >> they are innocent, doing their job, being good tenants and the next thing the bank is knocking at the door telling them it's time to go. >> reporter: for "on the money" i'm bob hansen.

>> he writes a nationally syndicated column about landlords and renters. i have heard some so many people who are renters and say, my landlord has foreclosed on me. is it a really scare situation to be in. how can you be sure your landlord is in good financial shapes these days before you sign a lease. >> it's really difficult to know for sure because some financial records are private. but some are public. and a tenant can check the county records to see if there's a notice of default or some other notice filed that says hey, he stopped paying his mortgage. >> what about the steps you need to take if the landlord has foreclosed. if you're getting the notice, there's been no communication saying they were in any trouble. what do you do? >> if you notice that property has been lost already, you're going to need to deal with the new owner or bank. stop paying represent to trent

the old owner. don't pay them, wait until you get noigs from the new owner, you'll deal with them. >> it could be the bank. >> or someone who bought the property at the foreclosure sale. under new law the new owner becomes your landlord, you inherit them as a landlord and they inherit you as a tenant. time to make a new deal. >> things have changed to protect people in this situation. what is the legal recourse you have if this maps to you? >> if you're stuck in a home that's been foreclosed and caught in the middle between the owner and bank, you do rights, you can be given up to 90 days in order to move out. you can look to the bank or new owner and asking for money to move. cash for keys. you have a claim against that landlord for breach of contract and maybe even fraud. >> in terms of situations that

you've heard about, people -- do they get -- this is the worst case scenario that people are afraid of. that you get thrown out. but you say there's really a time frame here that you have to work with and it shouldn't be tomorrow. >> some brokers, some banks get a little overaggressive. they can't just throw you out. there are time frames and they have to give you notices and you can respond to the notices and they have to go through court procedures and you can respond in the court procedures. it will take several months in order to move out and you could move out with cash in your pocket of the check out your rights. don't just act. >> you bring up a good point here. you have to respond. don't ignore any male or any notices. thank you so much for joining us. here's the bottom line to you, protect yourself with information. if you need help buying or selling a home, i want to hear from you, call or e-mail me and you could be on the show.

much more right after this. next, women and money. >> we have to pay more attention to our money than the guys do. here's why. >> it's a special lady's night edition of dollar dilemma. holds your money hostage. we show one viewer how to get what's hers. dallas. detroit. different rates. well with us, it's the same flat rate. same flat rate. boston. boise? same flat rate. alabama. alaska? with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. dude's good. dude's real good. dudes. priority mail flat rate boxes only from the postal service. a simpler way to ship. hi, may i help you? yeah, i'm looking for car insurance that isn't going to break the bank. you're in the right place. only progressive gives you the option to name your price. here. a price gun? mm-hmm.

so, i tell you what i want to pay. and we build a policy to fit your budget. that's cool. uh... [ gun beeps ] [ laughs ] i feel so empowered. power to the people! ha ha! yeah! the option to name your price -- new and only from progressive. call or click today. has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. there's that mr. clean magic eraser thing again. clean freak. [ bottle #2 ] whoa... is he better than us? uh, i mean, i mean i feel like it took you like three times longer to do whatever he did...

dude, dude, he's got...these -- like -- microscrubbers... yeah, i guess... magic man. he's a magic man. what? i just want to be squeezed. [ male announcer ] remove three times more grime per swipe and get this unbeatable clean guaranteed or your money back with the mr. clean magic eraser. of the world's most revered luxury sedan. this is a history of over 50,000 crash-tested cars... this is the world record for longevity and endurance. and one of the most technologically advanced automobiles on the planet. this is the 9th generation e-class. this is mercedes-benz.

to all my female friends, we have to pay more attention to our money than the guys do. here's why. we still earn only 80 cents to the dollar to their dollar. we are the majority now of the workforce, 51% or so. we take on the most second jobs, social security, our checks will be 30% smaller and we're going to live a lot longer. that's why i'm devoting tonight to lady's night on dollar dilemmas to help solve your dilemmas and make the most of your money. ee vet in massachusetts, what's your dollar dilemma. >> i'm facing unemployment in the real near future, i currently take $4500 but i have $3200 in normal expenses. i'm helping my son through college. i'm trying to be as pro active

as possible because i listen to the show and looking for advice on what i can do now while i still have a job. to make that transition, should i not get a job in the meantime. >> you do have a good emergency fund, right. >> caller: i do. >> you have quite a bit of money to sustain you. because your expenses are so much smaller than your income, this is great, you have an opportunity to sock this money away. here's what you want to do. you're going to live off of those expenses. you can shrink them a little bit more. you're helping your son out. >> caller: right. >> have a talk with your son, and should you lose your job you won't be able to help him out with the cell phone bill or insurance, it's better for him to get another job and work on that. lower your expenses now and put away as much as you can. you don't have debt?

>> 1200 with zero percent interest. >> pay that baby off. put yourself in lockdown mode. when you get laid off you can live smaller and won't have to draw so much from the emergency fund and you will get another job. >> tony, in georgia. welcome to lady's night. >> caller: my husband and i are losing 1200 in income monthly. i'm trying to decide the best way to make that up. one, we could refinance it would be at a higher interest rate. two pay off our car loan and personal loan with savings, but that would deplete our savings. or another option would be to pay off those two and refinance our original mortgage, which would also bring down my monthly income. >> i think i have a solution for you, something to do with what i told y vet.

it's living smaller. i've got to ask you, why are you falling behind every month? is it a job loss? >> caller: no, my first husband passed away so i had social security and i'm losing that. >> here's what i would rather you do. you have only seven years left on mortgage you have. that is a great mortgage. don't refi to a 30-year to stretch it out to take care of our debts. right now refinancing say temporary solution, not a long-term solution to basically help you make the most of your money down the road. you've got to look at lowering your cost of living. can you do that? >> well, is it a good idea to take our savings, pay these off and rebuild our savings? >> here's why i don't want you to do that. what happens if you lose your job in the meantime. how much equity do you have? >> caller: i guess about 70,000,

80,000. >> not a ton in comparison to what you owe on mortgage. you're still so close to paying off the mortgage. can you bring more -- if you can't find more money, you have to make more money. can you bring more money in? >> yes, we'll have to suck it up but -- >> one of worst things you can do is cancel all of the hard work by stretching it back out again. it costs you a fortune down the road. manage the bills you have now. live a little smaller and listen, you earned it and great interest rates and we'll have that baby paid off in seven years. >> i know. thanks so much. >> okay. arlene in texas. you are just back from iraq. thank you so much for your service. you're back here and want to manage your money. i heard you got great interest rates over there. >> caller: $10,000 in my savings

deposit program that has about -- 10% for the 15 months and now i'm back in the state and the money is sitting in my account and i don't know what to do with it. >> do you have any high interest debt? >> caller: no i paid off most of my debt while i was over there. i have two mortgages but other than that that's it. >> don't worry about the mortgages. is this your emergency fund? >> caller: no, i have a separate emergency fund. >> fantastic. if you want to basically max it out in terms of retirement, i know you've got a tfp you have access too, you could have a traditional ira. consider, you have a lot of benefit having served. so you can go to va or usaa and get much better savings rates on your cash like you did while you were in service. if you want to keep that baby in cash, make sure you're intereea

interest on that. put it in another ira. you can get the maximum tax advantages on that. okay? >> caller: okay. >> thank you so much, arlene. come back again and send me your questions. tell me about it through facebook. otm.cnbc.com. i'll see you there. next -- he was irresponsible with student loans and now paying the price. >> i found 42 late payments on his credit reports when i went into them. >> we help him get back on track. later -- i walk you through the best ways to get deals on secondhand shopping. i'm carmen wong ulrich. go at your credit card debt with a system, first, stop charging. next concentrate on wiping out the debt with the highest interest rate first while paying minimums on all other accounts.

tackle the next one on the list then the next then the next. when you're done, put the former debt dollars into savings. mr. evans? this is janice from onstar. i have received an automatic signal you've been in a front-end crash. do you need help? yeah. i'll contact emergency services and stay with you. you okay? yeah.

onstar. standard for one year on 14 chevy models. [ sighs ] [ female announcer ] tired of waiting for great hair? [ woman ] you have got to be kidding me. [ female announcer ] no worries! [ woman ] hey! [ squeals ] [ female announcer ] aussie's quick and easy products, like instant freeze... [ woman ] whoo! [ woman # 2 ] yes! [ female announcer ] ...put you on the express lane... to naturally beautiful hair. ♪ there's an aussie quick fix for everyone!

do you need help getting out of debt? call me or e-mail me at carmen

at cnbc.com. for millions of grads it's an expensive acquisition. for nearly 2 million college graduates, a stark reality has set in. an average bill of $22,500 in student loan debt. and the number of students who need to bore rerow for that ba is skyrocketing. nearly 92% of students took on some form of student debt. that's according to one recent study, up from 53% in 1993. and with the default rate at an 11-year high. student loan debt remains one kind of debt you can't get rid of, even in bankruptcy. whether you're a parent or new professional staring at six figures of student loans, we have answers. >> there's been new regulations regarding student loans specifically the repayment program starting on july 1st. for all federal loans, not

parent loans, there's going to be a cap on the monthly bill. 15% of your discretionary income. if you're not done paying after 25 years, the rest will be for given. john, listen, we've seen help is coming down the pipe line here and the fed has lower the interest rates a bit. there is no graduating from student loan debt, right? >> student loans are commonly referred to as debtor's prisons. first off, it's next to impossible to discharge this type of debt in a bankruptcy. even though you can discharge credit card bills and things like that, you'll pay back your student loans. seconds, it's the rules around credit reporting are different when it comes to student loans than other types of debt. if you default, it we take

longer than a bankruptcy. >> i've heard from a lot of you, many, many of you more have been saying help me with my student loans. gets head to indiana. dave talk to us about the student loans. >> caller: my wife and i have $160,000 in student loans that are in deferment until next year and my wife is a third year family medicine residents and i'm a stay at home dad. will have a good income when she starts her practice. our payment looks like it will be around $1100 a month. we're wondering what the best options are to repay the loans without paying a ton of interest and taking advantage of tax benefits if possible? >> here's the thing, the income is going to be pretty high, talking in the $200,000 range. >> caller: yeah. >> the tax implications, the

interest you'll pay will not be deductible. what's the highest rate you have on the student loans? >> caller: we have one fixed at 6.625% and $44,000 there. >> good enough to let john look at your credit. you have great news for dave. >> very good news. i spent some time with dave and put on my workman's hat and let me put his credit report. his fico are absolutely out of this world fantastic. his lowest is over 800 which is just unbelievable. here's something he has to keep in mind. i want you to listen to this and be aware of this. when your student loans are in deferment, they have no effect at all on your fico score. >> we get that from a lot of folks, under the impression that your income level versus your debt level, she's not making that 200 k right now, you would

think with $160,000 worth of debt his fico score would be really low. is that what's going to happen once they come out of deferment? >> his scores will not tank so don't freak out about this. but once they come out of deferment, they'll be considered like any other installment lone on the credit record and it's likely the scores will come down a bit. but they are not going to come down to the point where he can't get financing in competitive terms. be aware they will change once they come out of deferment. >> avoid one thing, do not go to private lenders to try to console date all of this. those rates you have are pretty darn low. just manage them very, very well to protect your credit score. andrew in virginia, tell us what's happening? >> my question is about rebuilding my credit after some negative stuff happening to my

student loan experience. after i got out of college just neglected to pay those things on time. a couple went into defer emt and had a hard time paying them off. have one left open but everything else has been paid off. working on rebuilding my credit. wanted to see if there were other things i could rebuild my credit after doing some pretty negative things in my early 20s. >> we caught you before we could have helped you over there in your 20s, john, we just have a minute here. let's wrap it up. what does he need too do. >> number one thing, draw a line in the sand and say i will not make payments late any longer. i found 42 late payments when i went into them. scores in the low 600s. if he can stop missing payments and get time between the missing payments and where he is

currently 12 months, 24 months scores will go up organically as they age. >> can you do that. >> caller: i promise. thanks very much. thank you, john for joining us. coming up from ebay to thrift stores, i'll reveal three shopping secrets that will save you big bucks. hey mom i need some minutes.

i just gave you some at the restaurant. yea i know. i threw them out. they were old so...... old! they are rollover minutes. they're as good as new. ya know not everyone gets to keep their unused minutes. and these days we can't afford to be wasteful. saving minutes..... .....saves money. yea. (announcer) only at&t's family talk with rollover saves your family's unused minutes. and saving minutes saves money. get the lg neon from at&t, now only $29.99 after mail in rebate [ engine powers down ] gentlemen, you booked your hotels on orbitz. well, the price went down, so you're all getting a check thanks. for the difference. except for you -- you didn't book with orbitz, so you're not getting a check. well, i think we've all learned a valuable lesson today. good day, gentlemen. thanks a lot. thank you. introducing hotel price assurance, where if another orbitz customer books the same hotel for less, we send you a check for the difference, automatically.

[ water ] hey, it's me -- water. did you know that when you filter me from your tap i'm pretty much the same as i am in a plastic bottle? well, that's not entirely true. see, at home, i'm 10 times cheaper. other than that, though, i'm pretty similar. oh, wait, there's no expiration date. and i don't have to get shipped all around the country. but other than the costing, the expiring thing, and the shipping thing, we're pretty much the same. pur. good, clean water.

it is my mission to always save you money. when it comes to shopping, we all know how to save when shopping retail. go to comparison sites, but these days, the real way to save big, it is too shop secondhand. there is no shame in a secondhand shopping game. so tonight i'm steering you through the secondhand world with three savvy secrets to saving big. first off, master the e ebay code, if you're squeamish about being something new, search for nwt, new with tags, if you don't mind something slightly used, euc, excellent used condition and mt for mint.

don't click bid without looking at the shipping cost. if you win a $20 lamp and it cost $60 to ship, it may not be a bargain. good will has a site. shop goodwill.com and shop housing works.com. search for your local thrift shop. narts.org. you can go government, check out sites like govdeals.com. this is hitting the streets to check out vintage shops and charity resales, know what's best to buy at the vintage store. people tend to wear formal gown only once, can you save big and check on household furniture and baby clothes and children's toys. make sure they are safe. here's my favorite tip. go to where the money is or used

to be of the fancy zip codes, they have the best goods. you can bargain down a price at vintage storts but don't it at charity stores. after all, it's for charity. up next, what do do you if your company is holding your money hostage? i'll tell you. she wants to make up. we decide to turn in early. we just know. announcer: finding the moment that's right for you both can take some time. that's why cialis gives men with erectile dysfunction options: 36-hour cialis or cialis for daily use. cialis for daily use is a clinically proven low-dose tablet you take every day, so you can be ready anytime the moment is right. tell your doctor about your medical condition and all medications and ask if you're healthy enough for sexual activity. don't take cialis if you take nitrates for

chest pain, as this may cause an unsafe drop in blood pressure. don't drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision stop taking cialis and call your doctor right away. announcer: cialis for daily use or 36-hour cialis. ask your doctor if cialis is right for you, so when the moment is right, you can be ready.

sometimes when it comes to your money you need a little hand holding, a take a few minutes to get from you here to there. what to do if your company is holding your money hostage. that's what kelly asked, i work in a small nonunion company. in order to access our 401(k), we have to tell her what the loan and for and what we want. if we take out the money not only do we get penalized but the company takes out what they matched in each paycheck. is this legal? your money is and should be held with a third party administrator, not with your hr

department. have all of your account info and dealadministrator. i hope you don't need to borrow from the 401(k). here's the thing if your company matches or has matched, they may have some say. once the match is given to you, it is yours and stays yours. contact your 401(k) administrator directly and talk to a representative so you cannot have your 401(k) held hostage. tell me on facebook, join our official fan page to sign up. i'm in there every day and i want to see you there too. don't forget, suze is coming up next. we're preparing a special episode where i take on your biggest demand, carmen, save me money from electronics to savings accounts, your home, i want to hear from you. call or e-mail me and be sure to

catch tonight's web extra. we have some of the not so obvious perkz of being a landlord. check it out. if you missed a show or want to catch a segment again, you can download full episodes, i want to see you next saturday "on the money."