pencil erasing

Correcting Credit Report Errors

Correcting Credit Report Errors Understanding your credit report, credit score and the potential for errors in the system, discussed thus far in our credit report series, is basic consumer knowledge to keep you an informed and smart consumer. You know, through our series how important it is for you to review your credit report ever…

computer screen says error try again

Credit Report Errors

Credit Report Errors Most everyone realizes that some credit reports may contain errors, but did you know that according to some experts, as many as 80% of credit reports could contain errors. Many different types of credit report errors have been found on consumer credit reports.  These errors include personal identifying information, account information, missing…

padlock keyboard and credit card

Credit Protection Plans

Credit Protection Plans Congratulations on managing your way out of debt. It is a great relief to be debt free but it takes commitment and attention to detail. It’s the attention to detail that will help you decide if protection plans offered by or through credit cards are a good deal. You should review the…

woman with piggy bank and gift bag

Spending Vs. Saving

Spending Vs. Saving You’ve heard the facts before: Our nation is currently experiencing a negative savings rate Only one-third of American families are saving enough to be able to maintain their standard of living in retirement More people are afraid of financial problems than are afraid of death More than half of all employees are…

woman with cash and a notepad

Personal Budget

Personal Budget WHERE DID ALL MY MONEY GO? How often have you muttered this phrase? Monthly? Weekly? Daily? Do you know where you money is going? We often spend money without thinking. Credit cards have allowed us the luxury of spending without actually paying, until the bill comes, so the spending seems harmless. Fast food…

person with pen touching a checkbook

Recheck Your Checking Account

Recheck Your Checking Account When was the last time you thought about the cost of your checking account, other than bounced check charges? Do you know if your account is an interest bearing checking account, non-interest account, or (truly) free checking? Not knowing can cost you money. Interest Checking Although interest rates charged for mortgages…

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Rebuilding Credit

Rebuilding Credit Here at Credit Advisors Foundation (CAF) consumers ask the same question at least once a day. “My credit is a mess. How do I go about rebuilding it?” The inquirer often sounds loss or dispirited. Yet, there is hope. It is possible to rebuild your credit. Unfortunately it will not happen overnight. Rebuilding…

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Preparing for Home Ownership

Preparing for Home Ownership Purchasing a house can be a great undertaking, especially if you have had some bruises on your credit history. In recent years, the mortgage industry has loosened the guidelines for qualifying for a loan. People who previously would have been shut out of home ownership due to credit or debt ratio…

woman touches a portable credit card reader

Re-establishing Credit

Re-establishing Credit Re-establishing your financial life after debt difficulties, monetary emergencies, or a bankruptcy can be a difficult and frustrating thing. Most people are not prepared to deal with the consequences of financial mishaps. Meanwhile, effectively overcoming such problems can impact so much more than just your credit, like the cost of insurance, finding a…

man squints at a small stack of coins

Negative Saving Rate

Negative Saving Rate Like a reformed smoker, evangelizing on all the negatives associated with the habit, people who have weathered overwhelming debt to achieve financial stability often develop the toughest attitudes towards those still struggling to overcome ineffective choices and self-limiting behaviors. Most recently those ineffective choices and self-limiting financial behaviors seem to include a…

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Bridging the Gap

Bridging the Gap It’s time to think about recycling the plastic card in your wallet. We all know that budgeting requires recognizing the difference between our wants and needs but for many American families the gap between needs and wants is growing. More and more families are not able to worry about wants, as the…

sign offering credit up to $1200 in english and spanish

Beware of Payday Loans

Beware of Payday Loans The general consensus of financial management experts is to avoid payday lenders at all costs. Many of you may already be familiar with the potential risk to users of payday loans that quickly turn into chronic debt instead of helpful credit. For those of you not in the know, here is…

Charity Scam sign

Beware of Charity Scams

Beware of Charity Scams With disasters such as Katrina, Pulse Night Club, and the war in Syria tugging at your heartstrings – it is important to protect your finances from charity scams. Moreover, it is especially important during times of immediate and great need to review some cold, hard facts. Generally, in such disaster scenarios…

backpack with school supplies

Back to School Budgeting

Back to School Budgeting   Parents, start your shopping carts – it is back to school season. According to Deloitte’s 2016 back-to-school survey it is time for your student to control the aisles: ·       On average, parents will spend $488 for clothing, accessories, school supplies, computers and other electronics for their children this year ·      …