A HELOC (home equity line of credit) is a revolving line of credit issued by a lender using the borrowers home as collateral. Similar in some ways to a credit card, the HELOC allows the borrower to use and pay back money as needed up to the credit limit.
The size of the line of credit issued for a HELOC depends on a number of factors including the borrower’s credit score and the amount of home […]
Debt settlement is a service offered by a debt relief company that involves negotiating with your creditors to accept a lump sum payment that is lower than your total accumulated unsecured debt. Only unsecured debt can be negotiated with Debt Settlement. Debt settlement can be accomplished on your own or through a debt relief company. Using a debt relief company experienced in these types of negotiations will usually result in higher debt reduction agreements with […]
Debt settlement is a service offered by a debt relief company that involves negotiating with your creditors to accept a lump sum payment that is lower than your total accumulated debt. See this link to find out more about debt settlement (link to other blog post about ‘what is debt settlement’ here).
Bankruptcy is legal action taken to wipe away your debts partially or entirely. There are two main types of bankruptcy: Chapter 7 and Chapter […]
Financial crises!
John is mired in a truly bad month. He needs an emergency root canal and his transmission is slipping badly. His landlord just decided to sell so he needs a moving company quickly and he received a pink slip yesterday when his company was purchased. His daughter is short on tuition money for next semester and his wife just filed for divorce after running up his credit card balances to their limits of […]
Money management can seem like a daunting task when it feels like there is very little time. We all have many responsibilities that seem to keep us from completing this task effectively or in a timely manner. Money management itself can also be a stressful topic for many people especially if it is an area of struggle. It is important to understand your connection with money and why you have that connection. If it […]
Personal finance involves creating a budget, investing and saving for the future. However, knowing the building blocks for a personal financial foundation will not bring financial prosperity. Using this knowledge along with the right money mindset to take action will bring financial success.
Personal Relationship With Money
To have the right money mindset, it is important to determine your current emotional tie to money. Sometimes our childhood or how we live dictates our connection with money. At […]
Money management is the process of budgeting, saving, investing, spending or otherwise determining how to use the cash you receive as income. It can be a struggle to effectively manage your money when you need to provide for your family, plan for retirement and have money set aside for emergencies.
Money dictates our quality of life, the kind of home we live in, what we can buy and our emotional state. Sometimes life challenges occur such […]
Having too much credit card debt is stressful and finding a way to ease your debt can be confusing since there are several options available to you. One of these options, credit card debt settlement, has the potential to significantly reduce the amount of your credit card debt you have to pay.
It sounds great, but we have found our clients almost always have these 4 concerns when they are trying to decide whether or not […]
Whether its medical bills, car repairs, rent increase, or other unplanned expenses – Life sometimes gets in the way and you find yourself spending more than you have. There are times when you just don’t have a choice and you have to spend well beyond what you have just to keep going. So if you find yourself staring at those unbelievably high bills with ever higher interest charges then maybe it’s time to step back […]
The school year has begun, and millions of students are heading back to college. Amidst all the hustle and bustle of schoolbooks, supplies and moving into college dorms is the stress and anxiety that comes from all the expenses incurred by attending college. So, how do you avoid student loans? Below are five tips for smart student loan borrowing.
