Today on Money Wise Rob West and Steve Moore 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. Next, they answer your questions at (800) 525-7000 and [email protected] about the following: -If I have no debt at all how does that affect my credit score since I am not making payments that are reported? -When looking for a new church should I consider a churches financial situation and how they use their money? -Which is better and what is the difference of term insurance verses whole insurance? -What is a backdoor Roth IRA? Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook and get notifications about what were up to. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.