Q: “I do not have credit cards, but I do have loan obligations: monthly car note, insurance payments, rent and outstanding debt that I would like to get cleared up. I need help in getting my finances back on track and getting out of financial ruin. I am in debt trying to start over because […]
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Where Can I Get Help So That I Don’t Lose My Home? When financial hardship strikes—especially due to sudden job loss or mounting debt—keeping your home becomes a top priority. If you’ve already fallen behind on credit card payments and are now worried about foreclosure, know that you have options. Whether you’re considering bankruptcy or
Where Can I Get Help So That I Don’t Lose My Home? Read More »
Buying a timeshare has always involved some financial commitment—but now there’s another hurdle: passing a credit check. In addition to paying upfront costs and ongoing maintenance fees, potential buyers may now be subject to credit screening, especially in resale situations. And this new requirement could impact not just buyers, but also current owners looking to
Buying a Timeshare Now Requires a Credit Check—Here’s What You Should Kno Read More »
Q: I have a question from a reader who wanted to know whether or not she should file for bankruptcy protection. And her situation is a little bit complicated, so let me first lay out pretty much exactly what she wrote to me saying. She said, “Lynnette, four years ago I had really good employment,
Will Filing for Bankruptcy Give Me a Fresh Start? Read More »
Q: I have a Discover card that is used for mostly all household expenses. I have had this card since 1985 and have been paying on time and I have an agreed status with the card, meaning ‘paid as agreed. ‘I normally pay off the full balance on the Discover card after the statement cycle
Why Timing Your Credit Card Payment Matters Read More »
Q: “I am 29 and I just borrowed money from my bank to establish credit. What else can I do to establish credit without hurting myself? I am not able to get any loans or hardly anything because of my lack of credit.” A: I understand how it is to be young and trying to
How to Use Piggybacking to Establish Credit Read More »
FAFSA season, the financial aid and college admissions period, officially began January 1. If you’re hoping to earn an undergraduate or graduate degree, or are the parent of someone going to college, you need to know all you can about the FAFSA, the Free Application for Federal Student Aid. That’s the all-important document that must
FAFSA Season: Getting the Maximum College Financial Aid Read More »
To hear most financial experts tell it, members of Generation Y are a coddled group of young adults who rely economically on Mom and Dad, routinely rack up big debts and don’t know the value of a dollar. But are those perceptions really true? A new study hints at a different portrait of 20- and
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African-Americans are starting new businesses in record numbers. If you’re planning to launch a new business, here are seven do’s and don’ts to help ensure your entrepreneurial success. 1. Do plan to start with your own money, not someone else’s “Unless you win a business plan contest or inventors’ competition, for the most part there’s
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If you’ve had recent money woes, or even a lifetime of financial problems, it’s time to create a new economic reality. It’s time to think of today as the first day of your Financial Afterlife. After Bad Credit After Bankruptcy After Budgeting Blunders After Business Failures After Collection Accounts After Court Judgments After Credit Card
Your Financial Afterlife: Are You Ready to Rebound From Economic Setbacks? Read More »
Update: This article pertains to the the 2011 tax filing season. The 2012 deadline to file your tax return is: April 17, 2012. The Internal Revenue Service today opened the 2011 tax filing season by announcing that taxpayers have until April 18 to file their tax returns. The IRS reminded taxpayers impacted by recent tax
IRS extends filing deadline for taxes to April 18 Read More »
If you’re struggling financially or find yourself out of a job, it might seem difficult to muster up some holiday cheer. But a lack of money doesn’t mean you can’t have a Merry Christmas and a Happy New Year. Here are some tips to help you survive – and even thrive – during the holidays,
6 Ways to Enjoy the Holidays When You’re Broke or Unemployed Read More »
If you’re ready to improve your economic situation in 2011, here are my recommendations for the Top 10 financial New Year’s resolutions that will help you in the coming year: 1. Eliminate credit card debt. Tired of being in debt and living paycheck to paycheck? Then it’s time to knock out those credit card bills
Top 10 Financial New Year’s Resolutions from The Money Coach Read More »
Question: Can I remove a medical collections from our credit report? It has been paid and it is our account. I didn’t know that it had been reported. I did call the collection agency and was told by law it could not be removed unless there was a mistake. I was told I could dispute
Can a Medical Collection Be Removed From My Credit Report? Read More »
Question: One of my subscribers had a question. She asked, “What’s the best way to have negative information removed from my credit report?” Answer: Negative information can legally stay on your credit report for seven years. For some negative information, such as a bankruptcy, it can be as long as 10 years. The subscriber didn’t
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