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NFCC Blog

Saving on Your Summer Vacation with Smart Credit Card Use

For many people, it takes all year long to save up for that special summer vacation, be it a romantic trip for two or an adventure for the whole family. But a lot can happen before summer comes, and that vacation fund can often get trimmed to take care of other necessities. Thankfully, there are ways to save on your summer vacation — and your favorite credit card may be …Read More

Ask an Expert: Should I take out a startup loan for my small business idea?

Q. Should I take out a startup loan for my small business idea? Dear Reader, The prospect of starting your own business and growing your ideas must be very exciting. And the most difficult part is getting the capital to get it going, especially if your business is just starting out. Taking out a loan to grow your business has its pros and cons, but the ultimate decision depends on the …Read More

The Benefits of Credit Counseling

NFCC-certified consumer credit counselors are experts that can tailor confidential programs to meet the specific financial needs that you may be facing. They are equipped to help you with an array of financial issues,whether you need help paying off debt, managing your student loans or help understanding your specific financial situation. They are here to help so you can get on the road to financial freedom. Services available at our …Read More

The Truth About Business Credit Cards

It’s no secret that when you are starting a small business, your personal and business finances quickly become intertwined. One area of common confusion is business credit cards. How are they different? Do they have the same protections? How will they affect your personal credit? How do you choose one? In this blog post, we explore these questions and more so you can make an informed decision for your small …Read More

Ask an Expert: What’s the Best Way to Use My Inheritance?

Q. I have an inheritance of $19,000. I have some credit card debt (almost $20,000) on a card whose introductory 0% interest. I do not have an emergency fund for some repairs that are currently needed and would probably have to go back into debt to make the repairs. Should I start making payments on the current credit card debt and use the inheritance for repairs?   Dear reader, It …Read More

Managing Your Student Loan Debt When Looking to Buy a Home

According to Pew Research, nearly four in 10 adults under age 30 have student loan debt. If you’re among that number, becoming a first-time homebuyer can seem a bit daunting. However, with proper planning, you don’t need to worry that your student loan debt will keep you from qualifying for a home loan. Read on for six practical ways to make home buying feasible as you manage your student loan …Read More

Financing Your Business? Consider an SBA Loan

  By Tom Pretty, Head of SBA Lending Small business is the backbone of the U.S. economy, with nearly 29 million operating around the country, according to the U.S. Small Business Administration (SBA) Office of Advocacy. For these enterprises, securing funding can impact their ability to operate and grow, yet most small business owners do not fully understand all of the types of credit available to their business. When choosing …Read More

“Spring Cleaning” Your Wallet

From the birds tidying up their nests to the gardeners preparing their land, spring is the time that we clean away the cobwebs of winter and get ready for the year ahead. But while many of us take part in an annual spring cleaning of our homes, few of us extend that same principle to one of our messiest places: our finances.   Cleaning Up Your Finances The idea of …Read More

How Student Loans and Paying Them Off Affect Your Credit Score

Student loan debt is becoming almost commonplace in America. According to the Student Loan Report, approximately 70 percent of college students in 2018 have student loans, with an average of $27,975 in debt per borrower. I’m not going to go further into the statistics; the more important topic to discuss is the impact that these loans have on each and every borrower, including the potentially surprising outcome of paying off …Read More

Ask an Expert: What’s the Difference Between Disposable and Discretionary Income?

What is the difference between disposable and discretionary income? Dear Reader, This is a very good question. Although you only have one income, there are many ways of describing it based on the amounts withheld or deducted. For instance, your disposable income is the amount of money you have left over after you’ve paid all of your federal, state and local taxes. On the other hand, your discretionary income is …Read More