What You Must Know About Authorized Users Before you add someone to your credit card as an authorized user, be sure to think it through carefully. It’s important you understand the legalities when you give someone permission to be on your credit account. Let’s Cover the Basics If you’re not sure exactly what the term […]
Alternative and Specialty Credit Bureau Differences Most people hear the words “credit bureau” and automatically think of the big three credit ureaus: TransUnion, Experian, and Equifax. However, there are several other specialty or alternative credit bureaus that should be kept in mind as well. The additional bureaus are governed by the same federal laws, but […]
Every state has a limit on how much interest can be charged on different kinds of debt, and Minnesota is no different. Collectively, these limits are referred to as usury laws, which refers to the specific practice of charging high interest rates on various types of loans. The theory behind usury laws is that we […]
You do not currently have a featured image set for this post. To set your featured image, click on the circular Meta View button and set your image in the box on the bottom right. A financial app is a good way to track your finances. One I recommend is called “Good Budgets”. This app […]
If you have fallen behind on your mortgage payments and your lender is unwilling to negotiate a solution, you may be facing foreclosure. In a foreclosure proceeding, the lender reclaims possession of a property because the homeowner has stopped making payments on their mortgage. As a result, the homeowner must forfeit the rights to the […]
A solid financial plan usually includes some type of life insurance. Life insurance is ideal for most people to have. You never know when something unexpected can happen, and you will want your loved ones who depend on you to be covered. There are different types of life insurance that protect your family in different […]
Becoming unemployed can happen to anyone. If it happens to you, it’s important to consider some unemployment strategies and map out a course of action to survive the situation. Strategizing and Making a Plan The first tip, if you don’t already have one, is to sit down with a piece of paper and make out […]
While it might feel like debt collectors have free reign over your life and your finances, there are limits on their behavior that are regulated by the United States federal government. Specifically, debt collectors are beholden to Fair Debt Collection Practices Act (FDCPA). The purpose of this act is to protect consumers from abusive debt […]
Student loan borrowers who are being treated for cancer will have the opportunity to defer interest and payments for up to six months while receiving treatment for their condition under the new federal law enacted in 2018. It’s important to keep up on any new changes – they could pose either a positive or negative […]
You Paid Off Your Vehicle Loan. Now What? Paying off a vehicle is a wonderful feeling, right? Once you have paid your loan in full, are you aware of what you should do next? What You Should Do First When you pay off the loan on a vehicle, there are a couple of loose ends […]