People who are successful entrepreneurs know that reducing unnecessary spending can do as much to protect a businessâ€™s future as generating more sales. The same rules can apply to you as you work to improve your financial profile if you are willing to apply some of those principles.
Some of you might be rejoicing a bit because of news that the chief credit scoring outfit, FICO, is changing its rules about how it scores debtors. The main change is that the new system will draw a distinction between medical debt and regular debt. The other big change is the new system will disregard medical collection accounts if they are paid or settled.
Last week, FICO, the nation's top credit score provider, announced upcoming changes to the way some debts impact your credit score. This could be good news for thousands of people, if lenders adopt this new model.
In many families, one person is the designated financial planner. While it may help keep the rest of the family stress free, sharing the process and decisions can be helpful to all everyone. Here is how to get started in your family.
NFCC Offers Consumers Five Steps to Finding $1,000 for Holiday Spending. With the holidays five months away, now is the time to take action
If you are nervous about getting your kids the clothes and supplies they need to go back to school, youâ€™re not alone. Zulily, a retailer that focuses on women, went outside the retail realm and surveyed more than 6,000 parents about their biggest fears regarding their children as they prepare to head back to school.
If you have kids there is a good chance theyâ€™ve left school and have the next couple months free of backpacks, text books and gym shorts. Assuming they are going back to school toward the end of summer, you might consider planning for and buying some of the clothes they will need when school welcomes them back, now.
The news that lenders are sending offers to riskier borrowers should remind you of one truth we all should have learned from the financial crisis seven years ago; just because you can borrow money doesnâ€™t mean you should.
Put the lighter down this year. Let someone else put on the show. Youâ€™ve got another kind of independence to celebrate. Before you go out and spend money on fireworks this year, let us propose a few alternatives.
What can you do to free yourself from debt this 4th of July holiday? Get the tools and the help you need to free yourself from debt.