DEBT is the four-letter word no one wants to hear, let alone deal with. It’s easier and faster than you can imagine getting in over your head. While debt comes with a stigma of overspending, financial irresponsibility isn’t always the only thing that leads to debt. Major life events, like job loss, major medical illness, … Read more
Having bad credit means dealing with higher interest rates, credit card fees, and sub-prime loan rates, and loan applications being denied. Unfortunately, a history of late payments, debt collections, charge-offs, foreclosure, repossession, and bankruptcy have a negative effect on your credit score. Credit problems can last seven to 10 years. But there is something you … Read more
1) Check Your Credit Files The first step in building a better credit score should always be to ask for copies of your credit files from each of the major reference agencies, TransUnion, Experian, and Equifax. Carefully check the information they contain, making sure it’s all correct, up to date, and actually applies to you. … Read more
Saving money is one of the most essential, but challenging part of financial success. You know it’s important to consistently put money in your savings account, but building a regular habit is still tough. For some families, finding the money to put in savings is the hard part. No worries. We have you covered with … Read more
When it comes to borrowing money, a good credit score is everything. It’s one of the main factors lenders and financial institutions use to decide how much of a “credit risk” you are, meaning how likely is it that you will default on a new credit card or loan obligation. Credit Scores Are Influenced By … Read more
Debt is a serious concern for many American families. In fact, 80 percent of the U.S. population is mired in some form of debt including credit cards, mortgages and student loans.
If you are struggling to climb out of debt or just finding it difficult to set money aside for savings, it is probably time to reevaluate your budget. While this might seem easier said than done, there are probably excess expenses you can trim from your budget without drastically changing your lifestyle. 1. Reduce Grocery … Read more
Financial Success means different things to different people. Some wouldn’t consider themselves financially successful until they have a million dollars in the bank, while others just want to take a yearly vacation or not live paycheck to paycheck. If you want to succeed with money, get started now by following these six steps. Step 1: … Read more
Your credit report is one of the most important documents of your life. Banks, lenders, and other businesses use your credit report to make financial decisions about whether to do business with you and how much they will charge. A good credit report – contains positive information about your borrowing habits. It leads to a … Read more