Posts By: Melinda Opperman

From the last mortgage crisis that began in 2008, many government programs were created to help struggling homeowners. Unfortunately, there are also scam artists trying to take advantage of people who may be behind on their mortgages and are looking to avoid foreclosure. Many new companies have sprung up, calling themselves things like “loan modification…

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At first, the idea of not paying off your credit card debt can seem strange. Isn’t paying them off a good thing? There’s never a good reason to leave them unpaid, right?  However, this line of thinking may only be a good idea for current or very recent debts. In fact, there are several reasons…

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It’s difficult to get exact answers to this important question. Every expert, credit bureau, and loan officer has a different opinion as to where the threshold between good and poor credit lies.

In addition, “good” can be a relative term. Do we mean “good” as in excellent, or “good” as in “good enough”?

For an individual, a debt ratio describes the percentage of your income that goes to debt payments. You’ll often see this described as a Debt-to-Income Ratio.

Your ratio is usually calculated based on your gross income. So if your salary is $3,000 per month, and your total debt payments every month are $300, your debt ratio is 10%. (3000 divided by 300 is 10).

Las Vegas, NV – March 18, 2010 – Springboard Nonprofit Consumer Credit Management, a HUD-approved housing counseling agency, offers a free First-Time Homebuyer class where prospective homeowners can learn what to expect in the home buying process. Springboard’s pre-purchase education class is approved by HUD www.hud.gov, Fannie Mae, and Freddie Mac. Upon completing the First-Time…

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Congress officially designated April as Financial Literacy Month, with the goal of increasing public awareness about the importance of financial education in the United States and the serious consequences that may result due to a lack of understanding personal finances. Springboard Non-Profit Consumer Credit Management has spent over 30 years counseling consumers about money, credit…

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