Despite your best efforts, you might face obstacles that prevent you from fulfilling financial obligations and other promises. Suffering from an injury, losing a key source of income, or making an emergency payment can throw a wrench in your carefully thought-out budget. If struggling to resolve outstanding debts, consider writing a hardship letter. These letters…
Posts By: Melinda Opperman
For most people, reliable transportation is about as important as food and shelter. Unless public transportation is really convenient from your home and work, or these two places are really close together, it would be difficult to live without a vehicle of your own.
The new car you bought 3 years ago for $30,000 is worth just over $15,000 today, and you’re thinking it might be time to trade it in before its value vanishes completely. While getting rid of that used vehicle might seem like the smartest move, you shouldn’t use the last couple of years of depreciation…
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…
The news surrounding the coronavirus outbreak updates constantly. Consequently, it’s important to create a plan for both your household and your finances to ensure you’ll be ready for whatever challenges you might face. Table of contents: Actions You Should Consider Decide If Your Budget and Cash Flow Need Adjusting Financially Prepare for the Long-haul Cut…
Amid the ongoing concerns about Coronavirus (COVID-19), it’s important to know how to stay prepared and informed to ensure you and your family members’ safety. How Credit.org Can Help Our top priority will always be the health and safety of both our staff and customers. As such, we are actively monitoring guidelines and reports from…
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…
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…
Homeownership is a worthy goal for everyone, but it’s a big process to undertake. If you’ve never owned a home or have been away from homeownership for a while, it can be challenging to know where to begin. These tips will help you get started: Get your finances in order. This step will be different…
As 2018 ends and 2019 begins, the housing market in the US is being affected by rising interest rates. It will be important for home buyers to consider the current state of the market when shopping for a home. Interest rates have gone up several times in the last 12 months, and are higher than…
Most people would be better off as homeowners than as renters. There are always financial advisors who tell people to stay in rental units and invest their extra income instead of buying a home, but we think that advice doesn’t reflect reality. The fact is, homeownership is how real people build wealth. That’s why we…
The Importance Of Checking Your Credit Score On A Regular Basis You can check your credit report for free once per year at www.annualcreditreport.com, and we urge everyone to do so. But checking your report isn’t the same as checking your score, and that leaves some questions. Should you check your credit score? How often?…
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