The destructive sin of financial unfaithfulness that ruins so many marriages
Why Having A Budget Is The First Step To Getting Out Of Debt
Many people constantly complain about being in debt, but when you ask: do you have a budget, do you know how much you owe, or when you suggest they cut back on expenses they look at you as if you are speaking a foreign language, or they just plain out refuse. I am always amazed at this; how can you ever get out of debt if you dont change your mindset and if you arent willing to work hard and make sacrifices? There is no quick fix or cure-all to get out of debt. It takes a l…
Why Late Payments Haunt You For 7 Years
Did you ever wonder why a negative item has to stay on your credit report for 7 years? This question has been circulated for many years, and no one was able to give an answer other than what is stated in the Fair Credit Reporting Act (FCRA). I always wondered what the answer was myself, but was never satisfied just knowing that someone just decided to use the magic number 7.
Why You Need An Emergency Fund
Many Americans today don’t have a savings account or emergency fund. I heard on the news recently that the Commerce Department reported that Americans spend all the money they have and personal savings rates have reached the lowest level since the Great Depression.
Transferring Credit Card Debt May Be Hazardous To Your Financial Health
Credit card companies now make it so easy to transfer one credit card balance to another. We get so bombarded with all the advertisements for balance transfers it’s hard to decide what company to do business with.
Understanding Credit Scoring
Your credit score is one of the most critical factors in your financial life. It determines if you will be approved for a loan or line of credit. A credit score is a mathematically calculated number developed by the Fair Isaac Corporation (FICO) that lenders use to rate potential customers in determining the likelihood that a customer will pay his or her bills on time.
Second Chance Checking Accounts Why Are They Important?
Millions of Americans from single parents, women and minorities to divorcees are trying to start over with their lives. They all need a new personal checking account for their personal financial or business related needs. These needs are addressed by some banks through second chance checking accounts.
Make More Money Part 2
In Make More Money Part One I discussed the many beliefs that prevent people from making as much money as they could from their work. Among these were contrasting beliefs such as, my work has no value and my talents are a gift from God, so I should give my work away for free. In Part 2 we discover that there are two other major categories of problems with making money. These are mainly toxic belief systems i.e. patterns of cultural brainwashing that cause people to:
How To Survive Liquidation
The present downturn in the economy has made big and small businesses experience financial difficulties. Insurmountable difficulties that are mainly due to enormous debts have caused many businesses to close shop. Understanding the causes of business failures can save the company from possible liquidation. Business liquidation is often referred to as winding up or dissolution. It is the sad end of a company.
Getting Personal Financial Advice
With so many web based companies offering various financial services, its really hard to distinguish run of the mill institutions from reputable ones. Some online companies will charge by the hour for you to talk to a professional financial adviser. You just cant be sure if these people actually know what theyre talking about or are just reading off some script. It is always best to ask others about their experiences dealing with the company you have chosen to help with …
Five Ways To Stop Living Paycheck To Paycheck
Over 1 million Americans file for personal bankruptcy every year. The average American household has 10 credit cards. People are living above their means. Americans are drowning in debt and the problem is getting worse. Many people are foreclosing on their homes and will be forced to live on the street because they are in so much debt.
Even People With Good Credit Are Penalized
By now everyone is aware of the Vantage credit scoring system developed by the three major credit bureaus: Equifax, Experian and TransUnion. The system grades consumers on a scale of A-F. I have done extensive research, but have yet to find out how lenders will use this score, or which lenders will choose to use the Vantage score as opposed to the FICO score.