Is there a room in your home that you rarely use, such as a spare bedroom or den? If so, under certain circumstances, it might make sense for you to rent that space out to a tenant, especially if you live in a big city or desirable suburb with high demand for rentals. Renting out…
read moreDebt Collectors Keep Calling Me! No one likes getting calls from debt collectors. Owing money to a group of strangers who have all of your personal information can be frightening and stressful. But why do debt collectors call? You typically only receive collection calls when you owe a debt. Collection agencies buy past-due debts from…
read moreSimply put, getting a mortgage with bad or even no credit is a challenge, but it doesn’t have to be. With the right help, you can take control of your financial health by improving your credit and getting the best mortgage rates you. What do Mortgage Lenders Look For? When you apply for a mortgage,…
read moreMany news stories about debt revolve around the millennial generation. Debt troubles aren’t restricted to one generation, though, and as Baby Boomers enter retirement age, many of them worry how they’ll finance their “golden years.” If you’re hoping to retire debt-free, make a plan to tackle these common sources of Baby Boomer debt. Control Credit…
read moreWedding vows often involve some version of a promise to support each other “for richer or for poorer.” If you’re newly engaged, you’re probably bubbling over with emotions about intertwining your life with another person’s. But what if your future spouse’s debt adds nervousness to the excitement? I can relate. In my case, I was…
read moreDespite 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…
read moreCreating your own get-out-of-debt plan truly is possible. With some fundamental changes to your lifestyle, you can get out of debt fast even with a low income. However, turning around your financial situation doesn’t happen without some work. It requires commitment, planning, and strong self-discipline. But luckily, it gets easier over time as you build…
read more“I don’t know much about being a millionaire,” author and legendary writer Dorothy Parker once said, “but I’ll bet I’d be darling at it.” Wouldn’t we all! While most of us won’t be buying a yacht anytime soon, you can apply some smart advice from millionaires to your life on almost any paycheck. Pay Yourself…
read morePaying off credit card balances is one of the primary goals we at credit.org help people achieve. It’s on practically everyone’s roadmap to financial freedom. The process of paying down a credit card balance may seem obvious, but there are some things anyone who pays off a credit card balance should know. 1. You should…
read morePeople who are not married buy homes together all the time. And while this may not be a startling revelation, there are some potential homeownership land mines that you would do well to consider before signing all of that paperwork at the closing table. Unmarried home buyers can be any combination of two or more…
read moreMany of us treat our twenties as a time for exploration and a few mistakes while we figure out what to do with our lives. Don’t let credit mistakes haunt you. Here’s what I wish they taught about using credit as a young adult. Build Credit However You Can Credit isn’t just an alternative to…
read moreLast updated: 11/22/2017 One law that changed credit card statements was the Credit CARD (Credit Card Accountability, Responsibility and Disclosure) Act of 2009, which required a clear disclosure on the statement about minimum payments. This mandated disclosure must inform the borrower how long it will take to pay off a credit card balance if s/he…
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