If You Lose Your Job

5 Immediate Strategies to Implement If You Lose Your Job

A job loss changes everything. Your financial security and emergency funds that have been saved are now at risk. The stress of how the bills will get paid is at the forefront of your mind. Unemployment no longer lasts 2 years and in some states, the time frame has been reduced to only 12 weeks. […]

Impact of Default Rates on the Cost of Credit

Impact of Default Rates on the Cost of Credit

It’s bad enough you have to pay 15% or more on credit card balances for goods and services you have long forgotten about. But, what happens when you get behind and are struggling to pay bills? Each late payment brings with it late fees of up to $40 per month. Then, if you get even […]

Credit Reporting Agencies Make Consumer Friendly Changes

Credit Reporting Agencies Make Consumer Friendly Changes

Errors on credit reports can lead to declined loans, higher deposit requirements and even a rejection for employment. A recent FTC (Federal Trade Commission) study revealed that 25% of consumers had errors on their credit reports. Errors which may result in higher consumer costs which can include paying more for car insurance, or not being […]

What the CARD Act Means To Consumers

What the CARD Act Means To Consumers

Most consumers have never heard of the Credit Card Accountability Responsibility and Disclosure Act (CARD Act), even though it impacts everyone who uses credit cards or carries credit card debt. Legislation was signed into law in 2009 during the financial crisis and most of the provisions went into effect by February 2010. Practices that were […]

Understanding Spending Thresholds and How to Make Them Work for You

Understanding Spending Thresholds and How to Make Them Work for You

Spending thresholds help establish value in spending decisions. Often this mental exercise is done subconsciously. Think about it. When you find an item you like, you determine how much it costs. Then you either quickly decide to buy it, “because it’s only five bucks” or a consciously evaluate the item. At that point you either […]

debt relief

Zombie Debt Relief Finally Addressed by the Courts

For most consumers, filing bankruptcy and obtaining a discharge was supposed to mean the debts were erased off the credit report and they would receive a fresh start. Unfortunately for millions of Americans, until recently, this has not been the case. Even with bankruptcy relief, zombie debts can create havoc on consumers due to illegal […]

10 Keys to Obtaining a Life without Debt

In your 20’s and 30’s accumulating debt may not appear to be an earth shattering event. Everyone has it and it feels like its just part of life. Buying a home, keeping up with the latest cars, upgrading technology, and taking regular vacations. It is all part of living the American Dream. Yet in your […]

Is Your Financial Ship Leaking?

Budget leaks can create a struggle to pay bills in a timely manner. And these costs are usually expenses that cannot be accounted for. The weeks go by and you forget to cancel a subscription or you are paying for ongoing services you never use. Money spent at convenient stores and spontaneous spending that adds […]

Free Credit Scores: Why Are They Different

Not all Credit Scores are the same. Anyone taking advantage of the increased access to free credit scores will soon realize that credit scores vary depending on the source. In September 2013 FICO changed its policy and began allowing lenders to share credit scoring data with consumers under their Open Access Program. Prior to this […]