Unemployment continues to a major issue right now, with 31 million people collecting some sort of unemployment benefits [source]. When people’s incomes are interrupted, they often turn to us for help with their debts. It’s a good move to address your debts if you find yourself unemployed, but there are other targeted steps to take…
Posts Categorized: Credit and Debt
It seems like every aspect of our lives has gotten more complicated during the COVID-19 pandemic. Even preparing meals for your household is no simple matter; you want to avoid extra trips to the store while keeping your food spending under budget. With the world still struggling to contain outbreaks of coronavirus, more people are…
School is going to look different this year for many families. Some cities are planning to delay the start of the school year. Others are beginning with remote learning and a plan to transition to on-site education later in the school year. Many school districts are testing a hybrid learning plan, where students work from…
With the COVID-19 pandemic continuing to affect most Americans, families’ normal summer vacation plans have been interrupted. During this difficult time, many families are considering staying home to avoid exposing anyone to the coronavirus or spending extra money on vacations. That means most people won’t be traveling this year, and if you want to squeeze…
During the COVID-19 pandemic, many parents are faced with the challenge of taking direct control of their kids’ education. More people are homeschooling than ever before, whether they intended to or not. We know there are a lot of subjects to cover and things to think about, but this situation presents an opportunity to teach…
While our economy is rocked by the COVID-19 pandemic, many people’s incomes have been disrupted. Whether due to layoffs, reduced hours, or furloughs, the need to stay home has caused tremendous financial hardship for individuals. Read More: COVID-19 Pandemic Guidance and Financial Assistance One potentially scary outcome of the situation is the need for people…
If you attempted to become a homeowner but were discouraged, your next steps are very important. Maybe your loan application was denied or there were problems with the property that caused the home purchase to be cancelled. Whatever happened to discourage you from completing the journey to homeownership, stop and plan your next moves carefully….
For many people, the toughest step toward building credit is the first one. Going from having no credit whatsoever to having established credit can seem impossible, but there are multiple ways to get started toward a healthy, personal credit rating. Be Careful Before you get started, understand that this is a very important time in…
Good credit depends, in part, on having a healthy mix of loans that you are able to handle successfully—something like a mortgage, auto loan, and a small credit card balance would boost your credit mix and help you establish your creditworthiness. There are some loans, however, that should never be part of your credit mix….
Homeownership is the most important financial goal many people will achieve. Through buying a home instead of renting, you can build a unique kind of asset over many years. The decision to become a home buyer instead of a renter is a big one. How do you know when to consider buying a home instead…
While the economy is struggling to recover from the COVID-19 pandemic, many people are dealing with debts they incurred prior to the crisis. Specifically, credit card debt creates a special challenge for consumers. It is debt that will grow over time if it isn’t paid off, and could keep mounting if people use credit for…
As COVID-19 stimulus deposits are sent out, millions of Americans are at risk of delays because they don’t have bank accounts. The challenge of the “unbanked” is one we’ve grappled with for years, and now it hits home as those consumers are facing delayed relief that many with bank accounts have already received. According to…
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