Cleaning Up Credit Reports In April, we reported on the upcoming rise in credit scores thanks to the National Consumer Assistance Plan (NCAP). The NCAP was created by the three major credit bureaus (Experian, Equifax, and TransUnion) as part of a settlement with state attorneys general. The NCAP objectives and other actions by the bureaus
0 Comments
You must maximize your retirement funds to increase your chances of enjoying a comfortable retirement, so it’s important to avoid unnecessary fees that take a bite out of your nest egg without providing value in return. Consider these five retirement expenses that are generally avoidable if you pay attention and properly plan your finances. 1.
0 Comments
Credit card issuers generally offer a grace period that allows you time to pay your bill without incurring interest charges on your purchases. The grace period usually lasts two or three weeks from the end of the billing cycle, and will be incorporated into the due date on your bill. Pay your bill in full
0 Comments
A construction lien, otherwise known as a mechanic’s lien, is a claim that is made against a property by a contractor, subcontractor, or other professional party involved in a construction project. These liens exist to protect construction professionals from non-payment for materials or services rendered. If you are withholding payment to a contractor for a
0 Comments
Waiting to Buy According to a new study by the Urban Institute, millennials are waiting longer than previous generations to enter the housing market. Approximately 8% fewer millennials of ages 25-34 own homes as compared to baby boomers and generation Xers at the same point in their lives. Why are millennials late to homeownership? The
0 Comments
For millennials who are just stepping into their workaday world, planning for retirement is definitely not something they seem to have on their mind. However, as Social Security benefits are sure to scale back over the next two decades, retirement planning has become a must for every millennial who wants to maintain the same standard
0 Comments
Have you ever lied for financial gain? The odds are strong that you’ve done it at least once. According to a new study from finder.com, almost 4 out of 5 Americans have admitted to lying for some type of financial gain – and many don’t feel guilty about their lies. Over 2,000 U.S. adults
0 Comments
Are you having trouble saving money while simultaneously dealing with excessive credit card debt? Mobile savings apps such as Digit and Qapital can help you establish an automatic saving routine – but Digit has introduced a new Digit Pay feature to assist with paying down credit card debt while you save. According to
0 Comments
Are you planning to retire within the next 10 to 15 years?If so, are you ready to take retirement preparedness to the next level? Retirement is no longer an abstract concept when you reach your 50s. It’s important to take a closer look at your financial plans now, while you have time to make any
0 Comments
So, you are in the market for a new vehicle, huh? You’ve got some important decisions to make. New or used? Coupe or sedan? Import or domestic? Fire engine red or metallic silver? But perhaps your most important decision, at least from a financial standpoint, is how you will pay for the vehicle. You have
0 Comments
Applying for credit for the first time is a bit like applying for your first job. People are hesitant to hire you because you don’t have any job experience, and you can’t get any job experience because nobody will hire you. In the case of credit applications, creditors are leery of extending credit if they
0 Comments
How would you like to retire early? Millennials certainly like the idea, according to a recent survey from Bankrate.com. Millennials identified the perfect retirement age as 61 – a full six years before their full retirement age (FRA) as defined by Social Security and one year before they can even claim reduced Social Security
0 Comments
Have you been denied a mortgage loan recently? Rejections usually don’t come down to a single reason, because lenders look at your overall financial status. However, some factors increase your risk of rejection. According to NerdWallet’s 2018 Home Buyer Report, three issues stand out as primary reasons for mortgage denials based on the most recent
0 Comments
By Tracy Scott Have you been ignoring those credit card offers that arrive in your mailbox each week? If so, reconsider slam-dunking them into the circular file… especially if you have credit card debt you’d like to eliminate. Sound counterintuitive? A balance transfer may be the quickest way for you to pay off
0 Comments
The term “administrative offset” brings to mind meaningless governmental jargon. It is governmental jargon – but if you are affected, it’s not meaningless at all. In layman’s terms, administrative offset is the government’s way of applying money that would normally be owed to you (such as tax refunds and certain Social Security benefits) to outstanding
0 Comments
Are you familiar with the 4% rule and how it relates to retirement? Let’s find out. Choose one of the options below. The 4% rule refers to… a) The average amount of your retirement time you’ll spend looking for something you misplaced. b) The average annual amount of time you’ll spend getting medical care. c)
0 Comments
Just like assets can be sold, so can debts. It’s possible that your auto loan or mortgage could be sold by one lender to another. If your debt is in good standing, the terms and conditions of your agreement generally apply, but things relating to the servicing of your loan such as due dates and
0 Comments
By Sandra Parsons While Cardi B is topping the charts, “Card Cracking” is ruining some music fans’ lives. Rapper Young Ash and five others were recently indicted for running a card cracking ring that recruited accomplices through her Snapchat channel. Learn how card cracking works and how you can avoid falling victim to
0 Comments
You probably comparison-shop for most of your purchases, especially the high-dollar ones. If you’re going to spend money on a new appliance or an automobile, you want to review options to make sure you’re getting the best deal. According to the Consumer Financial Protection Bureau (CFPB), there’s a big exception to this rule – mortgages.
0 Comments
When your credit score is down, it takes great effort to rebuild it. You have to take care to pay down your debts and get your finances in order. You may also have to change some of your spending habits to have the greatest impact. Consider these five spending habits that will retard your credit
0 Comments
You want to know exactly what you are getting when you make any large purchase, especially when you are buying a home – the largest purchase that many Americans will ever make in their life. That’s why a real estate disclosure statement is a fundamental part of any real estate transaction. By law, home sellers
0 Comments
Living the Dream Homeownership is one of the classic measures of “the American Dream.” According to a recent Bank of the West Millennial Study, over half of respondents (58%) say they’ve either attained the American Dream or that the American Dream is still attainable. A similar percentage (59%) says that owning a home is a
0 Comments
Getting your first credit card can be a liberating experience. You can enjoy the convenience of a simple swipe or tap, and you don’t have to worry about having cash for all your purchases. However, if you don’t use your card wisely, it’s easy to get into unpleasant credit situations that can have long-lasting effects.
0 Comments