If you are facing financial difficulties and are seeking to renegotiate your mortgage, you will have to write a hardship letter. This letter explains your situation to your lender so they will fully understand why you are unable to make your mortgage payments as agreed.read more
In honor of Financial Literacy Month, we’re urging consumers to make a pledge to save. We’ve learned that taking positive action to achieve your goals is much more effective than passively hoping for success.read more
Typically, people think of identity theft as a theft one’s credit information. Someone gets a hold of your credit card, pretends to be you long enough to use the card, and your identity has officially been stolen.read more
Sometimes having no credit and having bad credit are the same thing in the eyes of creditors. Your answer should be the same in either situation; establish a new credit account and use it very carefully, paying your monthly payments in full and on time.
If you have no luck getting a credit card from a retailer, department store, or gas company, talk to your bank (wherever you keep your savings or checking) and ask for a secured card.read more
Building savings is a crucial goal for every consumer, and something we stress with everyone we counsel. America Saves Week may have ended last week, but we urge you to think about building savings year round.read more
In today’s tutorial we will demonstrate how to obtain your free annual credit report from AnnualCreditReport.com, the official site that allows consumers to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.read more
We have often suggested renting out space in one’s home as a strategy for increasing income and cutting housing expenses. Naturally, this is much easier said than done, so we’ve been offering some posts about what goes into renting out part of your house.
Here are some important Dos and Don’ts when renting out space:read more
Credit cards have become an easy target for Congressional grandstanding and regulations, but beneath the widely criticized rates and fees lie many good benefits that are usually hidden in the fine print.
Credit cards can provide valuable purchase protections and insurance that are unmatched by cash and debit cards. Yet more consumers are forgoing these benefits and choosing debit cards insteadread more
Thousands of consumers in the U.S. live with the aggravation of not being able to open a bank account after their prior bank account was revoked and their poor history reported to ChexSystems. A checking account is much more than a way to pay for goods and services. Checking accounts make conducting financial business safer,…read more
Do you want the home of your dreams? Would you like a nice dependable car? If the answer is yes, you may want to take a look at your credit score before applying for credit to purchase these and other items. What IS a credit score? A credit score is a three-digit number that banks,…read more
Now more than ever it is important for consumers to view their consumer credit reports. Identity theft is reported to be the fastest growing crime and the number one complaint filed with the Federal Trade Commission www.ftc.gov for the past five years. Many businesses are reviewing consumer credit reports on prospective employees, and insurance companies…read more