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#AskanExpert: What’s the best way to handle a student loan in default?

Q. I have a question regarding a student loan that has gone into default. I’ve reached out to the collection agency and have been given three options for paying off the loan. 1) I can pay off the loan in full immediately (including fees and interest). The result would be that on my credit report I would have a default remaining and the notation would read ‘paid in full in …Read More

Can I Trust the Credit Counseling Agencies?

#AskanExpert: Question for Erica Sandberg of CreditCards.com Dear Erica, I remember hearing that most of the credit counseling agencies were in cahoots with the credit card companies, and did not have the consumer’s best interest at heart. Due to health problems, I’ve not been working for way too long and am in a huge amount of debt. I’m at the point where I need to figure out if it’s best …Read More

Retirement Plans for Small Business Owners and Their Tax Implications

One of the less obvious responsibilities of being a small business owner is planning your own retirement. While salaried employees at big companies often contribute to a company-sponsored retirement plan, small business owners—particularly sole proprietors and owners of very small firms—don’t have that luxury.   Unfortunately, about a third of all small business owners don’t have a retirement plan, which means too many people avoid taking steps to secure their …Read More

JOIN OUR #MemberChat ON Tuesday February 26th at 3PM ET FOR America Saves Week!

Follow #MemberChat as we discuss setting SMART Financial Goals for 2019!  Make plans to join our #MemberChat on Twitter on Tuesday February 26th at 3pm EDT! There will be 2 chances to win an Amazon gift card!  1-$50 Amazon gift card 2-$25 Amazon gift card Use #memberchat to participate. For an easy way to keep track of the conversation, try using TweetChat. Questions we’ll discuss: Q1:  Why is it important to set financial …Read More

5 Steps to Take Before Moving Out of Your Parent’s Home

Living with one’s parents can be a great way to save money and prepare for adulthood. And it’s more common than you might imagine. As Pew Research noted, some 15% of millennials ages 25 to 35 still lived with their parents as of 2016. Some statistics say it may be even double that. This is a new trend, with Generation Xers living at home at much lower rates at the …Read More

What’s Next for Returning Furloughed Federal Workers

Now that the longest federal government shutdown in history is over, many are wondering what lasting effects the nearly 800,000 workers who were most directly affected will face. The answer depends on how hard their finances were hit when their paycheck didn’t come as scheduled and how much they may have had to rely on credit to get through. The 2018 Consumer Financial Literacy Survey revealed nearly 7 in 10 …Read More

Can I Pay Rent With a Credit Card?

Can you pay rent with your credit card? Yes, you can. It isn’t ideal, but if you’re a responsible spender it can actually be lucrative if you have a rewards card. A lot depends on the way your landlord wants to receive rent. If you have the option of paying through third-party services then you should be able to pay rent online with a credit card, albeit with a fee …Read More

Join Our Spooky Halloween #SMALLBIZMONEY Twitter Chat Wednesday, October 31 AT 2PM ET FOR A CHANCE TO WIN PRIZES!

Follow #SmallBizMoney as we discuss how to establish a business credit profile and general credit awareness for Small Business Owners in honor of Credit Awareness Month!  We will be joined by @JayDesMarteau of @TDNews_US! Did you know your small business likely has a credit score of its own? Spooky, we know! If not, do you know how to establish a small business credit profile? Paying bills late can be dangerous for your …Read More

Selecting the Right Financial Counseling Organization for You

Regardless of your particular need, selecting the right financial professional is vital. Unfortunately some organizations, including some that label themselves “nonprofit credit counseling agencies,” may be more interested in their own bottom line than in helping their clients. Consumers need to know the difference when selecting a financial professional. And they must know the warning signs of a financial counseling agency who might not have its clients’ best interests in mind. …Read More

JOIN OUR #NFCCtips TWITTER PARTY ON Thursday, August 30TH AT 3PM ET FOR A CHANCE TO WIN PRIZES!

Follow #NFCCtips as we discuss findings from our annual financial literacy survey on the knowledge of personal finance!  Make plans to join our #NFCCtips Twitter Chat on Thursday, August 30th at 3pm EDT as we discuss more findings from our Financial Literacy Survey! There will be 3 chances to win an Amazon gift card!  1-$50 Amazon gift card 2-$25 Amazon gift card 3-$10 Amazon gift card Use #NFCCtips to participate. For an easy way …Read More