Posts Categorized: Credit and Debt

Saving money before the holidays is a challenge in itself. The demand to spend increases but chances are, your paychecks are the same amount they’ve always been. That said, there are ways to save a bit more by making a few, simple lifestyle changes. Join our 15-day holiday savings challenge and rack up some extra…

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This Veterans Day, we hope all current and former military service members will take advantage of the professional services available to help them establish and improve their credit, become homeowners, and balance their household budgets. For our armed forces, it’s not always easy to achieve financial security. Military personnel face special challenges that others don’t….

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Life happens fast. Weddings, medical expenses, and home projects can appear out of nowhere, and you might have trouble finding the funds to pay for it all.  Before you rush to take out a second mortgage or pile the purchases on a high-interest credit card with a spending limit, you may want to consider taking…

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Have you ever wondered what would happen if you didn’t pay your debts?  At first, the consequences are straightforward, your creditor may report your delinquent debt to the credit bureaus, leaving a mark on your credit report and affecting your credit score.  If you continue to miss payments, your creditor may deem your loan “bad”…

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Good Debt Vs. Bad Debt

Having debt can be a good thing. Your credit history – the biggest factor that allows you to purchase big-ticket items like cars and houses – is based around how well you handle your debt. That said, many Americans are living with more “bad debt’ than what’s considered “good debt.” According to the Northwestern Mutual’s…

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Since 2010, financial institutions are required to get your permission for overdraft protection, a service that you would opt in to receive.  If you’ve opted in, you will be charged overdraft fees if you exceed your account balance. Many banks and credit unions offer overdraft programs, and these can vary by institution. It might seem…

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A high credit score will make it easier to qualify for mortgages and car loans, start a business, and, in some cases, secure a job. More importantly, a good credit score reflects a secure financial standing, meaning you have fewer money problems to worry about.  Striving for a good credit score is one of the…

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Debt settlement is often portrayed by settlement companies as a magic bullet for anyone drowning in debt. But the truth is, debt settlement is only an ideal debt solution if : You have $10,000 or more unsecured debt You’re frequently late on debt payments You’re having trouble making the minimum payment amounts every month You…

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Raising your credit score can make a big difference when it comes to getting a loan, and how much that loan will cost you. If you are getting ready to apply for some kind of credit, or you’ve already applied and have been offered less-than-great terms, it might be worth your while to take some…

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