My bank just got bought by another, larger bank. Of course, my first thought was "What does that mean for my money?" Fortunately, Carmen Wong Ulrich, host of CNBC's 'On The Money', answered that very question from iVillager misshelms:
"I still have a job, DH (dear husband) still has a job; we pay our mortgage and all other bills. We've been trying for years to get ahead with our credit cards. We're finally there. We now can put away money because we have no more credit card payments. I'm just not sure if it's really a good idea to keep using our bank because it's going to be bought out by another bigger one."
Watch Carmen's answer:
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For more advice watch Carmen Wong Ulrich on ' On The Money', weeknights at 8 pm ET.
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