Two Last Resort Debt Options

For some families living with debt is normal day-to-day life. Whether or not they think they have a debt problem, many Americans are giving an enormous portion (if not all, of each paycheck) to lenders instead of keeping their hard-earned money for themselves and their families.  But what would you do if you woke upContinue reading “Two Last Resort Debt Options”

Choosing a Debt Relief Company – Pros and Cons

I’ve worked in the credit card debt relief industry for only a couple years, but I’ve also been in too much credit card debt myself. In fact, some poor financial decisions put me in a really bad spot. My credit was shot, and the monthly payments were higher than my monthly income! It’s important toContinue reading “Choosing a Debt Relief Company – Pros and Cons”

What’s Your Debt-to-Income Ratio

Before applying for a large loan (i.e. mortgage or personal loan), learning how to calculate your debt-to-income ratio (DTI) is an important step. It’s a simple measurement that pretty much tells you how much debt you can afford to take on. Essentially your DTI ratio is the number that lenders will use to determine yourContinue reading “What’s Your Debt-to-Income Ratio”

The Truth About Credit Repair Companies

There’s no “easy fix” when it comes to fixing a bad credit score. I mean let’s face it – you didn’t get into your credit nightmare overnight, and you can’t you shouldn’t expect to fix it within a few weeks. This will take months, possibly years. If your score is hindered by hard inquiries onContinue reading “The Truth About Credit Repair Companies”

Is My Credit Good Enough to Buy a Home?

Before you decide to buy a home, it’s essential to make sure your credit score is in good shape – this is one of the preliminary checks lenders will use to qualify or disqualify you for a loan. Most consumers don’t understand that good credit opens doors to loan availability and low interest rates. MortgageContinue reading “Is My Credit Good Enough to Buy a Home?”

5 Tips on Creating a Family Budget

For most families and relationships, talking about money can be a sensitive subject or even an uncomfortable chat. But communication is crucial, and there are ways to bring up the topic in a positive manner. Here are five tips on how to talk about family budgeting. 1. Keep Emotion Out of It.  Even if oneContinue reading “5 Tips on Creating a Family Budget”

Credit Union vs. Banks

A credit union is very similar to a traditional bank – it provides loans and other financial services (checking, savings accounts, mortgages, credit cards) to its customers. Another commonality is that credit unions’ customers deposits are federally insured $250,000 per depositor. But that’s about where the similarities end. Benefits of Credit Unions While most banksContinue reading “Credit Union vs. Banks”

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