Consumers who know the value of their credit score will work hard to maintain a great score from day one. Those who never learned the importance of their credit score might make financial mistakes that cause them to learn the hard way. Whether a person is building their credit score for the first time or […]
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Housing Counseling is Helpful in All Stages of Homeownership
The process of homeownership is a complicated one. Searching for a home, choosing a home, deciding to buy it, and maintaining it can be very difficult. Many individuals strive to understand the choices. Purchasing a home without any experience is scary. Many studies have demonstrated that housing counseling and education for homeowners and potential home […]
Continue ReadingCredit Rating and Loan Applications
Credit rating is a subject grossly misconstrued by many consumers, and it’s largely due to the lack of education provided to young people regarding what credit is, how it’s used, and why it matters. It’s not a subject discussed in the average high school classroom, and many people miss the opportunity to teach their children […]
Continue ReadingHow To Avoid Foreclosing On Your Home
Foreclosure is when you are unable to keep up with making your monthly mortgage payments on your home. This situation then allows the lender to seize your property, evict you, and then sell the home and keep the proceeds from the sale. This is all stipulated in the mortgage note that you signed. Facing foreclosure […]
Continue ReadingWhat Happens When You Pay Off A Loan Early?
Living with debt is an expensive and super stressful experience. Though the road may seem long, paying off debts and loans will strengthen your financial future. Nearly every type of loan can be paid off early and there are a few different ways to go about it. You may choose to make larger monthly payments, […]
Continue ReadingThe Big Risks of Cosigning for Student Loans
A person might have a child, family member, or even a close family friend who is about to start college. They turned in their applications, they got accepted into their school of choice, and they got their financial aid award letter. BUT because their dream school’s financial aid award doesn’t completely cover the cost of […]
Continue ReadingHow To Deal With Student Loan Debt
Congratulations on completing college! But maybe you’re not in a celebrating mood because your first student loan payment is due? You might be a college graduate in a rough or competitive job market, and have more student loan debt, credit card debt, or other debts than you can handle. You might be struggling to find […]
Continue ReadingHow to Get Out of an Upside Down Car Loan
Next to mortgage or rent payments, owning an automobile is the second largest household expense in the United States today. Gas, maintenance, repairs, and insurance can hit our wallets hard each month in addition to regular loan payments on the vehicle itself. Also, hidden within those loan payments, one cost that many of us may […]
Continue ReadingThe High Cost of Leasing a Car
If you are in the market for a new car, you have likely wondered whether you should buy or lease. Many people find leasing appealing because they can drive a new car all of the time, and it even allows them the opportunity to drive a luxury or higher-end vehicle that they would not be […]
Continue ReadingShould You Take Out A 401k Loan?
The High Cost of a 401k Loan – If you are a hard working person that has an emergency, new business venture, or a large purchase that you desire, you may be thinking about borrowing from your 401k plan. Generally, people can borrow money from their 401k plans after a certain amount of time if they […]
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