Posts By: Melinda Opperman

All throughout April, we’re posting educational financial literacy content in honor of national Financial Literacy Month. One of the key financial literacy topics that people don’t readily grasp is calculating interest. Many of us are fine with basic math, but when it comes to estimating gains or costs associated with interest rates, we struggle. A…

Read More

Big changes are underway with regard to credit reporting, and those changes will impact how credit scores are calculated. These changes appear across the board to be good for consumers. The reform is a voluntary effort by the 3 major credit bureaus—Experian, Equifax, and TransUnion—and it’s called the “National Consumer Assistance Plan”. This idea has…

Read More

Over the past few years there’s a trend online of financial experts recommending college students get credit cards. Is this really a good idea? This strain of advice usually includes some of the following arguments: Having credit helps establish a good credit history. Using credit early is educational and can teach the user how to…

Read More

Many student loan borrowers feel helpless in the face of tens of thousands of dollars of student loan debt. There is popular support among them for student loan forgiveness, but there are misconceptions about these programs that need to be cleared up. A recent report from LendEDU found that nearly half of all college students…

Read More

Our credit counseling and Debt Management Plans help with all kinds of revolving debts, including store credit cards and traditional bank-issued credit cards. Store cards can present some unique challenges for consumers. Stores will tempt you to sign up for a credit card by offering a long interest-free period or a big discount when applying…

Read More

We wrote yesterday about the pros and cons of going paperless, and switching from mailed bank & billing statements to electronic ones. If you do decide to make the switch, we’ve got some advice for how to do it: Save a permanent copy. Paper statements are permanent, but some creditors and banks won’t keep your…

Read More

More and more banks, creditors and utility companies are urging customers to go paperless and get all of their billing statements online. There are obvious advantages to this kind of arrangement—it’s better for the environment, for one—but there are downsides to consider. Should you go Paperless? Pros: Less waste Easier to gather info at tax…

Read More