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Author Archives: Guest Post

The 5 Biggest Reasons My Clients Fall Into Debt

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In the more than 15 years of experience working in the debt industry, I’ve heard every story under the sun about how someone fell into debt. While there are times when people fall into debt for unavoidable reasons, I do notice a lot of people fall into debt for the same reasons. So in order to help keep you from ... Read More »

    Homeownership Rate Sinks to Lowest Level Since 1993

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    The percentage of U.S. residents who own their homes is at the lowest point it has been for more than 20 years, according to a report from the U.S. Census Bureau. In the first quarter of 2015, 63.8% of people owned their housing units, down from 64.8% at the start of 2014 (these figures are seasonally adjusted). The Census data ... Read More »

      13 States Where People Have the Best Credit

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      Good credit is synonymous with opportunity: It allows you greater access to things like apartments, auto loans and mortgages, not to mention more affordable interest rates on credit products. Unfortunately, the majority of U.S. consumers have what’s called a subprime credit score, meaning their credit history makes it difficult or impossible to get some services or receive low interest rates ... Read More »

        Despite Legal Uncertainties, Some Pot Dispensaries Accept Credit Cards

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        It’s been more than a year since legal recreational pot sales started in Colorado, and as much as dispensary owners enjoy the booming business, they’re sick of swimming in cash. Though the Department of Justice released regulations last year allowing banks to accept money from legal dispensaries, it’s still a federal crime — the announcement that the DOJ won’t pursue ... Read More »

          Retirement Account Balances Reach a Record High

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          It’s no secret Americans aren’t great at saving for retirement. Actually, the research on that is pretty startling, but it seems people who are saving might be getting better at it. Retirement account balances have hit record highs and contributions have increased, according to an analysis from Fidelity Investments, one of the largest mutual fund companies in the country. At ... Read More »

            A 5-Minute Guide to Student Loans


            You may have heard that college in this country isn’t cheap. Maybe you’ve even encountered this firsthand for yourself, a child or another family member. But knowing that getting a degree is going to be expensive doesn’t mean you know how to pay for it. When you are a student or even parent of a student starting the college search, ... Read More »

              I Can’t Afford My Car Lease Anymore. What Do I Do?


              Larry’s car lease payment is killing his budget. His monthly payment on the four-year lease for his Hyundai Santa Fe is $ 725.49. It’s too high, and he wants to know what his options are. An increasing number of consumers are choosing to lease their vehicles; leased vehicles accounted for 31.4% of all vehicles financed in the first quarter of ... Read More »

                Man Named ‘God’ Settles Credit Report Lawsuit


                A New York man whose first name is God has settled his lawsuit against credit reporting agency Equifax for failing to generate a credit report because its system did not issue credit reports under the name “God.” God Gazarov, 27, of Brooklyn, claimed he had trouble accessing credit because the lack of a credit report with Equifax led some potential creditors ... Read More »

                  $60M in Student Loan Refund Checks: Is Yours in the Mail?


                  Nearly 78,000 U.S. military members will receive $60 million in total settlement payouts from Navient Corp., a student loan servicer formerly part of Sallie Mae, for charging active duty service members excessive interest on their private and federal education loans. Navient and the Department of Justice reached the settlement in May 2014, but the DOJ just announced the payments, which ... Read More »

                    Is Congress Offering More Empty Promises for Troubled Student Borrowers?

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                    At long last, it appears as if some members of the U.S. Senate are acknowledging that student borrowers aren’t the only ones to blame for the $ 1.2 trillion mess we have on our hands. Sen. Lamar Alexander (R-Tenn.), chairman of the Senate Education Committee, says that colleges and universities should be held at least partially accountable for the financial ... Read More »

                      Will Social Security Numbers Finally Be Taken Off Medicare Cards?

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                      In four years, Medicare cards will no longer have Social Security numbers on them. This change is a provision under the Medicare Access and CHIP Reauthorization Act of 2015, which President Barack Obama signed into law April 16. It’s a noteworthy change: A Social Security number is an identity thief’s holy grail, allowing them to commit numerous kinds of fraud ... Read More »

                        How Long Does It Take to Pay Off $10,000 of Credit Card Debt?

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                        If you have credit card debt, you probably are so over it. You want to pay off the debt, but it feels like a never-ending process. You know (or hope) that at some point you’ll be able to pay it off. But when? How long will it take? The answer depends on three things. 1. Your Payment Plan Are you making ... Read More »

                          Will Paying Off A Collection Account Improve My Credit?

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                          Question: Does the debt from the collections agency get removed or just show zero balance after it’s paid? If it just shows zero balance will that be enough to boost credit score? Answer from There is a lot of confusion surrounding collection accounts and credit reports. Once you’ve paid or settled a collection account, the balance should be updated ... Read More »

                            23 Ways to Save Big at Your Wedding


                            For all of the many reasons to get married, paying for a wedding isn’t one of them. It’s an expense that can be used elsewhere — such as for a down payment on a house — or to pay for a honeymoon or use as an emergency fund. Those aren’t exactly romantic expenses (except for the honeymoon), and with family ... Read More »

                              What to Do With an Extra $1,000

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                              Having an extra $ 1,000 in your bank account can seem like a small windfall that can easily be spent. A quick vacation, expanded wardrobe or a few fancy dinners out can deplete that extra $ 1,000 in a few months. But long-term savings can turn that extra $ 1,000 into thousands more, protecting you in retirement, as an emergency ... Read More »

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