When you miss a credit card payment, mortgage payment or end up going into deep debt that you can’t realistically pay off within a reasonable amount of time, you put yourself at risk for bankruptcy or foreclosure. Many people who end up filing for bankruptcy or are dealing with foreclosure find it difficult to apply […]
How Long Will a Bankruptcy and Foreclosure Appear on My Credit Report? Read More »
The Consumer Financial Protection Bureau (CFPB) was developed by the U.S. Government to protect consumers against fraud and tricks from credit card companies, banks and other financial institutions. The CFPB acts as a regulator of all consumer financial service providers, which includes online banks, credit card issuers, payday loan providers and other lenders. Today, all
What is the Consumer Financial Protection Bureau (CFPB)? Read More »
The world of credit reports and credit scores is constantly changing. And even though it’s tough to stay on top of all the new credit-related rules and regulations, it’s important to do so. For 2011 and beyond, here are some of the most important things you need to know about protecting and improving your credit
New Rules You Must Know About Credit Scores Read More »
The 7-step “Millionaire Success Formula” is based on the universal wealth principles one must follow in order to eliminate financial obstacles, and achieve substantial, long-lasting riches. Make a personal prosperity plan. Develop a millionaire’s budget; written goals; and a financial policy statement Realize that financial success doesn’t happen by luck Invest first, last and always
The 7-Step Millionaire Success Formula Read More »
Too many people have millionaire dreams but no millionaire plans. Well, you can’t become a millionaire just by dreaming, wanting or wishing for wealth. You have to lay out a plan, and you have to execute in order to fulfill the goals within that plan. As you’re developing the framework for your millionaire’s budget, now
Don’t Just Dream, Execute By Setting Goals Read More »
When you let your student loan go into default, you may be subject to wage garnishments and you could be forfeiting your tax refund checks. The defaulted student loan will also have a negative impact on your credit report and it can be difficult to remove the record from your credit report entirely – even
Student Loan Rehabilitation Explained Read More »
UPDATE: As of March 13, 2020 – the date that President Donald Trump declared the coronavirus crisis a national disaster – your federal benefits such as stimulus checks or IRS refunds can not be garnished due to unpaid debts. This new rule is in effect based on relief granted by the $2 trillion CARES Act
What to Do if Your Wages or Unemployment Benefits are Garnished Read More »
Thousands of Americans file for Chapter 7 and Chapter 13 bankruptcy each year, a move that allows them to discharge all debts and get a fresh start. But what happens if you file for bankruptcy and then change your mind? Maybe you’ve found a way to pay off your outstanding debt or are willing to
What If I Change My Mind After Filing Bankruptcy? Read More »
The Lee County Sheriff’s Office is warning residents to be aware of potential scammers targeting owners of timeshare properties. The scammers make unsolicited calls to current timeshare owners with promises of financial profit, and claim to be able to get owners out of their timeshare contracts by paying up-front fees, ranging from $200 to $8,000.
How To Avoid Timeshare Telemarketing Scams Read More »
If you’re facing foreclosure, you may be wondering how this will affect your credit score. Missing payments on your mortgage and other bills may have already dropped your credit score by several points, and when you reach foreclosure status, you will notice a significant drop in your credit rating. If you’ve been struggling financially for
How Will a Foreclosure Affect My Credit Score? Read More »
Some of you may be saying: “Can’t I just do one thing to become a millionaire?” Well, I wish it were that simple. But the reality is that you have to take a multi-pronged approach in order to gain lasting material comfort and wealth. Just taking one or two steps – or even four or
No Get Rich Quick Schemes to Becoming A Millionaire Read More »
In a recent interview I explain the difference between a rainy day fund and an emergency fund. I also share 6 tips to help jump start your rainy day fund. A rainy day fund is designed to cover one-time events without blowing your monthly budget. For example, $500 set aside just in case the sump
How Is An Emergency Fund Different From A Rainy Day Fund Read More »
The following is an excerpt from an interview with Black Enterprise. In personal finance expert Lynnette Khalfani-Cox’s latest book, Perfect Credit: 7 Steps to a Great Credit Rating, she outlines the steps consumers need to take in order to get their credit in tip-top shape. I recently sat down with The Money Coach and got the
Money Q&A: How to Have Perfect Credit Read More »
Q: In your book Zero Debt you say we should NOT get a refund check. I live for that check to help with tuition, home repairs, etc. I am a single parent of one, making about $100,000. What should I be changing my W-4 to so that I don’t have to owe the IRS? I
How Can I Increase My Take Home Pay By Adjusting My W-4 Withholding Read More »
Q: Is It Smart To Buy A Car With Cash? A: Yes, it’s very wise to buy a car with cash. That’s the preferred way to get a car, in my opinion. You should also be able to get a better deal from a car company if you pay in cash – as opposed to
Is It Smart To Buy A Car With Cash? Read More »
