1. Checking your credit score yourself does not affect the score, but if you apply for a loan or credit card and your score is checked, it lowers your score temporarily. That is the difference between a soft pull and a hard pull. 2. Getting married does not affect your credit score since each person … Read More
CLAIMING SOCIAL SECURITY
People can start benefits as early as age 62, but monthly payments increase the longer a person delays, up to age 70. One study found that 57% of retirees would build more wealth over their lifetimes by waiting until they reach age 70 to start collecting their Social Security benefits. But in reality, most people … Read More
FREEZE YOUR CHILD’S CREDIT
To prevent identity thieves from gaining access to your child’s credit and setting up phony accounts in your child’s name, freeze the child’s credit. A child is defined as anyone age 15 and under. Freezing the report is free. Visit the website of the three major credit bureaus to get specific information on what information … Read More
BEWARE OF STUDENT LOAN FORGIVENESS SCAMS
There are no fees to enroll borrowers in federal loan programs such as income-driven repayment plans. Anyone can enroll for free, and the process is not difficult. To avoid scams, never pay up-front or monthly fees to a third-party company claiming to offer or expedite student=loan forgiveness. Avoid companies that promise fast loan forgiveness or … Read More
IMPORTANT TIPS IF YOU ARE CONSIDERING HOMESHARING
Housemates should be dependable, considerate, financially stable, and share your values. Becoming housemates is a financial partnership. There are different home ownership structures. Your lawyer can provide legal advice as to which alternative will help you minimize your risks. Make sure to have a professional review each would-be housemate’s financial circumstances. Agree which bills should … Read More
Late Car Payments
7 million people in the US are late with car payments. That is a record number of people who are 90 days behind or more on their auto loans. Most people having trouble with car payments have low credit scores and are under age 30. This indicates that many people are having trouble paying bills … Read More
Grandparent Scams
Scams targeting grandparents steal an average of $9,000.00 in cash from people age 70 and older. Avoid these scams by never acting right away even if you are told a dramatic story. Call the family member or friend even if the voice on the phone warns not to. Use a phone number that you know … Read More
Preparing For The Financial Side of Divorce
Divorces are emotional and many times the emotions can overshadow the financial implications of a divorce. Both parties can be at risk when deciding to divorce. Be prepared for how the divorce will affect your most basic finances. Some financial changes you may need to prepare for are as simple as the cost of cell … Read More
Know The Risks of Drafting Your Own Will
There are many “DIY” options available online and in office supply stores for those that want to draft a will without seeking the assistance of an attorney. However, it is important to know that using that option also comes with the risk of commonly made mistakes that can affect how your final wishes are carried … Read More
Beware of Social Media Use During Your Divorce
Social media has made it easier for everyone to know what you are doing on a daily basis, including spouses during a divorce. Be mindful of your posts and consider how it could affect your outcome, especially in matters that involve children and custody. Reconsider the “check-in” option with many sites and apps if you … Read More
- « Previous Page
- 1
- …
- 4
- 5
- 6
- 7
- 8
- …
- 11
- Next Page »