On a recent credit profile review with a client, the client noticed a credit line entry for a credit card of which their balance was paid and the account closed. However, on the credit profile, the credit card showed a $93 balance and a perfect payment history leading up until the time in which [...]

Not responding to collection calls and letters will only make your life miserable. If your personal finances are in dire straits and you are unable to pay the full amount dues on your monthly financial obligations, then you need to bring your creditors and those in which you are indebted up to date on [...]

Obtaining a credit card is a great way to work at improving and strengthening your credit profile as long as you have the discipline and ability to make payments on time each month. However, building the necessary credit profile to be approved for one of these cards may be more of a challenge than its [...]

You have a tri-merged credit report and gathered any collection letters in your hand. You are now on your way to the easiest part of regaining control of your personal finances. First, we need to understand what percentage of your income (take home pay after taxes and deductions) is owed out each month. [...]

If the Goldman Sachs mortgage securities scandal hasn’t increased your thirst to mentally arm yourself with financial literacy, then you really like throwing and giving money away ….so I will forward you my mailing address on a private email later. It can be dizzying to the average person to understand the extent to which [...]

Many times when people are working at correcting their financial status they focus their efforts in locating more money to pour over their personal finance issues. The solution for most is to get a part-time job now. However, I have not always been a fan of getting a part time job with but having [...]

Okay, remember those numbers. Don’t know which numbers? Then go read, Getting Back on Track. The numbers of which I’m speaking represent your total monthly expenses / bills and your total monthly take home pay. Divide the monthly expense amount by the total income. That quotient (answer) will represent the [...]

Well, it beginning of the 3rd month of the year and droves of people that promised to hit the gym and start a savings plan have decided to revert back to their old habits and abandon their New year’s resolutions until… next year. However, if you are reading this then you are still in [...]

The list of items to which your kids wants to buy is beyond anything that you could ever have imagined, but now is the time to give them a dose of reality in the form of perspective and priority. Everything they want is not necessary and some items may have priority over others. [...]

Each time I earned some money as a little boy, my mother used to say to me…”that money is burning a hole in my pocket.” She was referring to my insatiable urge to spend my new found wealth on the first thing that offered itself for sale to me. I had no reason [...]