How to tell the difference between a legitimate debt collector and scammers

adminDebt

By: CFPB Dealing with debt collection issues can be challenging—especially when you’re not sure if the person you’re being contacted by is legitimate or trying to scam you. When an account like a credit card, auto loan, or cell phone bill becomes past due, the original creditor may attempt to collect the amount owed. The creditor may also hire a … Read More

Ask Chuck: Should I Co-Sign A Loan?

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By Chuck Bentley Dear Chuck, So, I cosigned for a student loan and now I’m stuck paying for it. Is there anything I can do? Regretful Dear Regretful, Unfortunately, the same thing happened with my Dad and we have not found a satisfactory remedy. He was approached by an employee whose son needed assistance to get a “head start in … Read More

Back-to-School Strategies to Stay Out of Debt

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By Bonnie Spain, American Center for Credit Education Q: I enjoy back-to-school shopping, but no matter how hard we try to avoid it, we always end up in debt. I don’t want to be paying for school supplies until December. Can you give us any suggestions to help us stay on track this year?  A: Back-to-school shopping is the second-biggest … Read More

Top 9 Money Mistakes People Make

adminBudgeting, Credit, Credit Cards, Credit Score, Debt, Money Management, Saving, Student Loans

By Jim Garnett, The Debt Doctor After counseling average Americans about their financial problems for many years, I noticed early on that there is a common set of money mistakes people usually make. Money Mistake #1: Being comfortable with debt. Why would anyone choose to be a slave if he could choose to be free? One answer is because, over … Read More

Ask Chuck: Is Low Price Better Than High Quality?

adminConsumer, Finance, Home, House

By: Chuck Bentley, Crown Financial Ministries Dear Chuck, I like nice, quality things. My husband prefers lower prices. My perspective is that buying quality is better in the long run. Is there a right or wrong way to look at it? We are stuck on which refrigerator to buy to replace the old one we have now. Needing A Compromise … Read More

Six Fun Ways to Save as a Family

adminActivities, Kids & Money, Money Management, Saving

By: America Saves Meeting financial goals as a family can be challenging. But inspiring your family to help and contribute to a financial goal doesn’t have to be a painful process, especially when the result is an exciting vacation, a car, or college savings. Here are some ideas on how to save as a family for all those items and … Read More

Saving as a Family

adminKids & Money, Money Management, Saving

By: America Saves In most circumstances, we build our financial foundation from experiences that we go through as children and youth. Sometimes when children hear their parents or other adults in their lives talking about cutting spending or saving money, they assume that the family is going through a rough patch. As appropriate based on children’s ages, family conversations about … Read More

Ask Chuck: Avoiding The Paycheck-to-Paycheck Trap

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By: Chuck Bentley, Crown Financial Ministries Dear Chuck, I read an article recently about how many Americans live paycheck to paycheck and question how many really have to live that way. I don’t want to be calloused, but doesn’t the Bible tell us not to live that way? Financially Secure Dear Financially Secure, Unfortunately, I am all too familiar with … Read More