Perhaps you’ve heard ads encouraging you to consolidate all of your debts into one easy payment, telling you this is the way to get rid of your debt. Before you take that road, there are some important questions you should ask.
What’s the rate of a debt consolidation loan? It may only be one rate,
The holidays will be here soon! This is the time of year when we celebrate with our closest friends and family. These moments are precious, and we want them to be as stress-free and enjoyable as possible. Often times, the holidays set our savings back, or we end up maxing out our credit cards. January rolls around,
Debt often gets us into trouble when we spend money we do not have. Instead of saving, we charge purchases on our credit cards or take out small loans. It is easy to lose control by charging our credit cards to their limit or taking out loan after loan. However, open and active credit lines in good standing build our credit and show our worthiness as a borrower.
For many people these four things can spell catastrophe for their credit. However, what most people don’t know is that you can rebuild your credit. Bankruptcy, Foreclosure, Short Sale, and Divorce do not ruin your credit forever. While it’s important to know that they can lower your credit score dramatically,
Pay yourself first. That’s the wisdom from retirement planners who advise people to make their savings automatic, part of their regular budget, so they’re never tempted to frivolously spend the money they should be putting away. But with all our bills and obligation and the need to put food on the table, just how hard is that?
Renting vs owning a home. What’s the best answer? The short-term goal of a monthly housing payment is to keep a roof over your head for the next 30 days. It’s the same whether that payment is for rent or a mortgage – the immediate benefit is shelter for you and your family.