Posts By: Owlie

Whether you’re saving to become a homeowner, for retirement, or for some other purpose, building savings is a crucial goal for every consumer. When we educate people about the budgeting process, saving up an emergency fund is often the first goal we tell people to set. Make savings a regular habit you think about routinely…

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Saving money before the holidays is a challenge in itself. The demand to spend increases but chances are, your paychecks are the same amount they’ve always been. That said, there are ways to save a bit more by making a few, simple lifestyle changes. Join our 15-day holiday savings challenge and rack up some extra…

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Life happens fast. Weddings, medical expenses, and home projects can appear out of nowhere, and you might have trouble finding the funds to pay for it all.  Before you rush to take out a second mortgage or pile the purchases on a high-interest credit card with a spending limit, you may want to consider taking…

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Have you ever wondered what would happen if you didn’t pay your debts?  At first, the consequences are straightforward, your creditor may report your delinquent debt to the credit bureaus, leaving a mark on your credit report and affecting your credit score.  If you continue to miss payments, your creditor may deem your loan “bad”…

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Good Debt Vs. Bad Debt

Having debt can be a good thing. Your credit history – the biggest factor that allows you to purchase big-ticket items like cars and houses – is based around how well you handle your debt. That said, many Americans are living with more “bad debt’ than what’s considered “good debt.” According to the Northwestern Mutual’s…

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A high credit score will make it easier to qualify for mortgages and car loans, start a business, and, in some cases, secure a job. More importantly, a good credit score reflects a secure financial standing, meaning you have fewer money problems to worry about.  Striving for a good credit score is one of the…

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Is Debt Settlement a Good Idea?

Debt settlement is often portrayed by settlement companies as a magic bullet for anyone drowning in debt. But the truth is, debt settlement is only an ideal debt solution if : You have $10,000 or more unsecured debt You’re frequently late on debt payments You’re having trouble making the minimum payment amounts every month You…

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What is a Charged Off Debt?

Did you know that making debt payments on time plays a significant role in your credit score? Missing a payment can bring your score down several points, and the longer you put off making payments, the more your credit suffers. Late payments bring on a slew of penalties, including: Late fees Increased interest rates Higher…

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It’s no secret: whether you’re an incoming college student or their lucky parents, tuition payment strategies are an important topic before school starts.  Student loans are becoming one of the largest types of debt in the nation. For most people, they are often necessary to receive a college education.  If you’re not careful, student debt…

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For many people, heading off to college is the perfect time to learn financial basics. Because you can experience the real world while parents oversee from afar, it’s a safe time to learn all there is to know about personal finance. Budgeting, how to manage your credit score and developing savings habits begin to show…

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For anyone focusing on all the fun of the big day, it’s also important to talk about the more serious conversations that come with wedding planning. It is vital to understand where you both stand on key topics, align on where you want to be in the future and figure out how you plan to…

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