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NFCC Blog

Survey Finds Small Businesses Have Major Growth and Increased Hiring Plans

Expansion is on the agenda for small business owners (SBOs) in 2018, with more than half anticipating revenue growth and 22 percent planning to hire staff, according to the 2018 Small Business Survey conducted by TD Bank, America’s Most Convenient Bank®. Last year, 46 percent of business owners expected to increase revenue and just 9 percent had plans to hire.   To help fuel this growth, credit needs also significantly increased …Read More

Truth in Lending: Three Main Statutes that Protect Consumers

To protect consumers, some protections and laws have been put in place. Below we discuss three that pertain to debt collection, telemarketing, and fair credit reporting practices. What is the Fair Debt Collection Practices Act (FDCPA) The Fair Debt Collection Practices Act (FDCPA) is the federal law that governs how third-party debt collectors attempt to recover debts owed by consumers on behalf of another person or entity. The law dictates …Read More

Helping Your Family to Best Use Life Insurance Money After You’re Gone

Life insurance is a staple of financial planning conversations, and despite decreases in purchase rates, 59% of Americans own this important product, according to LIMRA’s annual survey. The reasons people purchase coverage are incredibly varied, and many people have multiple financial intents that influence their decision, but some of the most common are related to replacing income, leaving an inheritance and paying for key expenses, such as a mortgage. In …Read More

Join Our #SmallBizMoney Twitter Party on Monday, July 16th at 3pm ET for a Chance to Win Prizes!

Follow #SmallBizMoney as we discuss How to Plan and Budget During the Slow Months for Small Business Owners!  We will be joined by @JayDesMarteau of @TDNews_US! Make plans to join our #SmallBizMoney Twitter Chat on Monday, July 16th at 3pm EDT as we discuss Small Business Owner Tips, Tools, and Resources for Budgeting for the Slow Months! There will be 2 chances to win an Amazon gift card!  1-$50 Amazon gift …Read More

#AskanExpert: What Happens If You Pay All But One Credit Card?

Q. What will happen if I do not pay off one American Express credit card? I have three other credit cards that I am currently paying off, but American Express wants $5,000 paid all at once. Dear Reader, It is hard to adequately predict what will happen if you do not pay your American Express card. However, I can tell you what to expect in general terms. If your American …Read More

5 Strategies for Avoiding Student Loan Delinquency

No one plans to let their student loans fall into delinquency but with 44.2 million borrowers and an 11.2% delinquency rate, we know that millions of us do. There are some simple strategies you can take to put yourself in the best position to keep your student loans current and reach your ultimate goal of paying those bad boys off.   1. If you are still in school or recently …Read More

Baker’s Dozen of Affordable Marketing Tools and Tips for Small Business Owners

So you’ve got a small business? Great, but do you know how to bring in more business on a tight budget?   Start with the Basics: Take a close look at your website. Would you buy from your website? If you need an updated logo, you can get a logo created fairly economically by finding a designer on Fiverr. Check their credibility by reading the reviews. Make sure all the landing pages …Read More

#AskanExpert: Is it Legal for Creditors to Sell Part of a Debt to Debt Collectors?

Q. Can Creditors Sell Part of a Debt to Collection Agencies? Is that legal? Hello, I’m trying to help my wife with a credit card debt. In 2014, she had medical issues and was unable to make payments to her credit card. The account was referred to a collection agency, with which she negotiated a settlement (less than the original debt) and paid-off the account via authorized withdrawals from her …Read More

Debt Tips for Veterans

When you’re in debt, it can feel like you’re never going to climb your way out. Toss in the challenge of transitioning out of the military and into a new chapter of your life, and debt can seem even more insurmountable.   In a recent survey of military and veteran family members by the Military Family Advisory Network, more than 90 percent of respondents reported facing some form of debt. …Read More

Best Ways to Pay for Your June Wedding

Often pairing the warm weather of early summer with the beautiful blossoms of late spring, June is considered to be an ideal time to say “I do” for most of the country. But no matter how picturesque the wedding’s setting, many couples may have a hard time seeing anything but red as the big day approaches and the wedding bills start rolling in.   Depending on the size and location …Read More