Posts By: Melinda Opperman

Homeowners insurance, or hazard insurance, is a type of property insurance that pays for losses related to your home.  A homeowner’s insurance policy can include losses to your home, additional living expenses, loss of personal belongings, and liability insurance for accidents that may happen. There are many things that could go wrong for homeowners that…

Read More

When helping people to manage their credit, we often want people to know what their credit score is, and what their credit limit is, so they can gauge how well they’re doing as they work to improve their personal finances. It’s important to start by understanding the meaning of a credit score vs. credit limits….

Read More

Down payment assistance is available for people who want to become homeowners but need a little extra help. In the NFCC’s latest financial literacy survey, they found that one in two Americans who have tried to purchase a home have faced barriers. One of the top barriers people always cite is lack of funding for…

Read More

These days, an increasing number of college graduates move back home after they’re done with school. Parents of recent graduates might not have anticipated they’d have roommates again so soon but with the crushing weight of student loans, most grads aren’t in a financial position to strike out on their own. Beyond living with their…

Read More

Here’s a warning a lot of people wish they’d heard earlier: You can lose your home loan pre-qualification and even your loan approval midway through the loan process. Not only that, but you can lose your approval right up until the last minute – when you’ve got your household boxed up and you’re ready to…

Read More

The National Foundation for Credit Counseling (“NFCC”)  previously surveyed peoples’ opinions of their mother’s personal finance skills in a Financial Literacy Survey (“FLS”).  An overwhelming majority, 65 percent, saw their mother as either someone who is intimidated by money, views managing money as a necessary evil, or has never managed money. What mothers may not…

Read More

As Financial Literacy Month is recognized throughout the nation, credit.org and the National Foundation for Credit Counseling® (NFCC®) are working together to spotlight the results of the 2019 Consumer Financial Literacy Survey. This year’s survey, conducted online by Harris Poll in March 2019 among 2,086 U.S. adults ages 18 and older, reveals prominent barriers to…

Read More

Understanding interest rates on a credit card is harder than it seems. What is the real interest rate? How often is it applied, and what does it really cost? Credit cards are usually advertised by their APR (Annual Percentage Rate). What does that mean? Interest is the cost of having access to credit—it’s the fee…

Read More

A credit limit is the maximum amount of money a lender offers to a borrower. Whether it’s in the form of a credit card, home equity line of credit, or other kind of revolving credit account, there is a maximum amount of money available to the borrower, and that amount is his/her credit limit. The…

Read More