The Gift That Keeps On Giving. As we head into a new year there is the inevitable buzz about new year resolutions. Some of the resolutions are specific, like “reducing my $10,000 of debt”. Sometimes the goal is a little vague like, “getting myself in shape”. What we have discovered is the best resolution you [...]
"It's clearly a budget. It's got a lot of numbers in it."- President Bush Jr. Budgets do not have to be these complicated excel spreadsheet nightmares. As a matter of fact, your budget should be as simple as it possibly can be. There are, however, some essential ingredients to a good, sound budget: 1) Realism. [...]
Change Begets Change. The easiest way to change those around you is to change yourself. As long as you allow the same thing to happen, the more people will impose it on you. Don't let the banks continue to charge you fees. Don't allow your lender to strip your investment down to a loss because [...]
Stuff happens in life. There is nothing we can do about that. Sometimes this stuff appears as an opportunity- sometimes as an obstacle. Truth be told, you could win the lottery and it could be the worst thing that ever happened to you. Conversely, you could lose your job and it can be the best [...]
Gifting of Equity Can Serve as Your Down Payment If you are buying a home from a relative, the relative can gift you the equity in the home to take the place of the down payment or closing costs, according to Loan Originator, Christine Forest of Supreme Lending. Gifting can only be done by a [...]
CRO or MLM? When hiring a credit repair company (legally termed a Credit Repair Organization, or CRO), look carefully at what the company really does. Most credit repair companies are fraud. Other companies, fraud or not, simply are inappropriate because of conflicting goals. In this mix are multilevel marketing companies, or MLMs. The goal of an MLM [...]
New Waiting Period for Reporting. Medical debts can be as convoluted and hard to understand. One medical stay can produce billing for multiple doctors with multiple billing companies, requiring multiple payments. Often times the confusion leads to bills being unpaid unawares. Well, there is good news. New developments in reporting standards for charged off medical [...]
Timing Is Everything When trying to maximize your credit score there are a lot of theories of how you should treat your credit cards. Some say never use them, some say keep a balance, some say use them up and start paying them down slowly over time. The first thing to remember about managing your [...]
99 Problems But a Student Loan Ain't One There is a myth that Federal Student Loans cannot be discharged with a bankruptcy. This simply is not true. In a Chapter 7, it is uncustomary to include Federal Student Loans. With a few extra steps, one can actually include one's Federal debt. Much like the Means [...]
Help Is Available. If you are a homeowner or business owner in Florida and have difficulties stemming from Hurricane Irma, there is help available to you from the Natural Disaster Emergency Mortgage Relief Act of 2011 and other Federal Resources. Since the entire state of Florida has been declared to be in a state of emergency, [...]
