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 [...]

Credit card companies are full of surprises this year. With new consumer protection – credit card laws starting this year, many credit card companies are already changing fee policies to make up for the consumer protections the banking industry perceives as revenue decreasing. Don’t be tempted by lower rate offer without reading the entire [...]

The shopping season is in full gear as droves of people hit the stores in search of holiday gifts and money-saving opportunities. However, before that “too good to be true” deal gets away, consider the following tips to protect you, your purchases and money.
Be sure of your purchases and the accompanying fine print. [...]

The Wall St Journal recently reported that the government’s efforts to stop the flood of foreclosures has been ineffective. The government has designed loan modification guidelines to make mortgages affordable to homeowners, offered cash incentives to lenders for each modified mortgage loan and even provided free counselors to assist homeowners in the loan modification [...]

Today, there approximately 640 million credit cards in use, creating a $1.5 trillion habit…I mean industry. The average American carries about $8,000 in credit card debt. And in a time when the nation is suffering its worst economic environment since the depression, the banks are expected to collect over $20 billion in “over the [...]

A friend recently asked, “when is a good time to start saving for the future?” He followed with “…(he) wanted to finish paying off some bills or waiting until a bonus is paid at work before restructuring home finances and start planning for the days ahead.” His question reminded me of [...]