Tag Archives: credit

2015: What You Want for Your Young Family in the New Year

The New Year is fast approaching. Despite the fact you don’t have time to think about it due to all the holiday preparations and celebrations, it’s something which should be forefront in your mind. Especially if you and your young family had some financial difficulties during this past year. Think for a minute — do you want to have the same problems come January, or have them exacerbated by ongoing poor decisions?Continue Reading

What to Teach Your Children About Money

In these times, when many young families are still digging themselves out of debt after the Great Recession, talking to your kids about money should rank up there with discussions on drugs, sex and why Justin Beiber should be deported. You may not want to believe it now because they’re still in elementary school, but your children are the next generation of leaders, and they need to learn from our mistakes before they continue the trend of overspending without the available funds.Continue Reading

The Credit Scale: Where You Want to Be

It’s important to know how your credit scale can affect you when applying for loans, buying a car, or a home. Money may be needed for other reasons and being able to access it at the right time is vital. The credit scale is an estimation of how credit worthy an individual or business is. It’s based upon detailed analysis of overall personal and financial credit history. The higher the score the more credit worthy. And lenders become very willing to make a loan, extend credit or advance money. Lower scores will mean loan denials or loans granted at much higher interest rates. A person with a low credit scale and score is considered a riskier bet because they may not repay the debt. There are a couple of things that you need to know if planning to apply for any type of credit. First, it’s a good idea for everyone to know what their credit score is, and second, how that score is tallied into the credit scale.Continue Reading

Do I Need To …?

Personal finance is a tricky business for young families. Things can change so quickly during the start of a relationship that questions can pile up on top of each other. It can get so daunting that some of those questions can be forgotten, resulting in loss funds or a unforeseen situation. This can cause frustrationContinue Reading

The Important Facts About Home Equity Loans

Owning a home is one of the crowning achievements of young adults with a family of their own. The feeling of independence, of being hands-on in the fixing-up of a first-time home can be both frightening and exciting at the same time. Not only is it a new place to live, but it’s also a major financial investment feather in your cap. And that financial investment can lead to extra money in a few years in the form of a home equity loan. Here are a few points to consider when it comes to this type of credit.Continue Reading