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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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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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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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Nancy Tossell: Posted on Monday, November 21, 2011 7:54 AM
Five Characteristics needed to Disput with the Credit Bureaus… By Nancy Tossell 1)Be informed.Honestly, the greatest threat to yourcredit is ignorance if you do not take the time to learn the facts of how bestto go about credit repair efforts. And simply deferring to a company thatclaims it can repair your credit for you is no excuse. In fact, there isnothing credit repair experts can do that you cannot do for yourself. We have awealth of comprehensive, yet easy-to-follow credit repair resources on what todo when, how and why. |
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