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Nancy Tossell: Posted on Monday, May 14, 2012 1:29 PM
How much do your kids know about money management? This past April, there was a Financial Literacy and Educational Summit held in Chicago where a survey determined that over 70% of Americans say their kids do not get any kind of money management education. What is a sad fact here is that parents are not teaching their own kids about how to manage money and neither are the schools. In a time where credit is still loose, card solicitations run rampant, and our marketing media continues to encourage people to buy more than they need, financial education is more important than ever. |
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Nancy Tossell: Posted on Monday, April 23, 2012 4:00 PM
Graduation – the gift that keeps ongiving! It’s hard to believe that high school and college is almost over for the year. If you have a family member or friend who is graduating, you’re probably thinking about what to get as a gift. Our marketing media, as clever and strong as it is, will have lots of ideas for you. If not already, you’ll be seeing catalogs full of ideas to give your graduate; some ideas might be practical, but most gift suggestions are one designed to give a thrill. |
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Nancy Tossell: Posted on Tuesday, April 03, 2012 1:02 PM
When it comes to your spouse,be careful with what you share! Sounds ominous doesn’t it? But good financial planning in a marriage can make a huge difference. A question came up about when a spouse dies, and they have debts, do you automatically assume the debt? In this particular case, it had to do with a husband passing away who had a credit card in his name and there wasa balance due. Naturally, if both names are on the card, the debt belongs to the survivor. |
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Your Credit Mom: Posted on Tuesday, February 14, 2012 7:18 AM
The real cost of disputing Over the years, credit reporting has become a permanent part of our financial well being. It is used to determine if we can qualify for loans, determine the cost of insurances such as health and automobile, and is scrutinized regarding employment. It is a well known fact that with so much data to manage, mistakes can be made, and indeed a high percentage of credit reports contain errors. The way to combat erroneous information is to dispute any |
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Nancy Tossell: Posted on Monday, January 30, 2012 7:12 PM
2011 – The effect on credit scores and debt. Now that 2011 is over, we can take a look at how people did with their credit over the year. According to the Arizona Republic, the news isgood…and bad. Across the country, credit scores actually dropped eight points to fall to an average of 660. In Arizona,which has tended to run below the national average, this year was no exception with the average score at 656. The problem with scores like these is that people will pay more for things like higher interest on mortgages and higher rates for car loans and healthinsurance. |
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Nancy tossell: Posted on Wednesday, January 25, 2012 7:33 PM
What Does ‘Credit Repair’ Really Mean? In these times, with so much information available, it canbe hard to distinguish what certain words mean. Several years ago, repairing credit simply meant fixing a problem thatwas real, or disputing an error in credit reporting that was damaging, but nottrue. Fixing a real problem has alwaysbeen a good idea and hopefully, by doing this, one learns how the problemoccurred and understands how to avoid making that mistake again. Disputing incorrect information and having itcorrected is also a good way to repair credit. |
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Unknown Author: Posted on Tuesday, January 24, 2012 8:32 AM
Taken from a facebook Post:
There once was a blind girl who hated herself because she was blind. She hated everyone except her loving boyfriend. He was always there for her. She told her boyfriend, "If I could see the world, I'd marry you". One day someone donated a pair of eyes to her. When the bandages came off, she was able to see everything, includi...ng her boyfriend. He asked her, "Now that you can see the world, will you............ marry me?" The girl looked at her boyfriend and saw that he was blind. |
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Nancy Tossell: Posted on Monday, January 09, 2012 3:10 PM
Understanding your credit report
I have seen a number of articles that try to diagram and
explain all the parts of a credit report.
They’ll tell you a report is broken down into the following categories:
1.) Identifying information.
2.) Account details.
3.) Credit Inquiries.
4.) Public records and collections.
5.) Positive and negative accounts.
These are well intended articles, designed to help people
understand important information and may have helped some people. However, with the way credit reports are
formatted, even having this information can be of limited value. |
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Your Credit Mom: Posted on Monday, December 26, 2011 12:03 PM
Credit and Divorce Joe and Jane recently divorced. Their divorce decree stated that Joe would pay the balances on their three joint credit card accounts .Months later, after Joe neglected to pay off these accounts, all three creditors contacted Jane for payment. She referred them to the divorce decree, insisting that she was not responsible for the accounts. The creditors correctly stated that they were not parties to the decree and that Jane was still legally responsible for paying off the couple’s joint accounts. |
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Your Credit Mom: Posted on Sunday, December 04, 2011 8:04 PM
I am often asked "how do I rebuild my credit after a short sale, foreclosure or bankruptcy"? The answer is simple..."Begin right away!" Normally, there will be a waiting period before you will be able to qualify for financing for your next home. During that "waiting period", it is important that you be sure that you are working to maximize your credit score. I recommend these three steps: - NEVER make a late payment...NEVER! One late payment can affect your credit score up to 100 points!
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