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Tips for Using Your VA Benefits to Buy Your First Home

  There’s a strong case to be made that service members and veterans speak in acronyms and abbreviations better than any other group — they even seem to enjoy it at times. But terms like GFE, MPR, and APR[*] can still sound like frustrating gibberish if you’re new to homebuying. Add VA loan eligibility and processing to the mix, and the idea of homeownership can cause major confusion for even …Read More

Avoiding Tech Support Scams

You’re working on your computer when, suddenly, a message pops up on the screen: “Virus detected! Call now for a free security scan and to repair your device.” That’s a tech support scam. Don’t call, text, or email. Legit tech support companies don’t operate that way.   Scammers pose as big-name companies and use pop-up messages, fake websites, and phone calls to trick you into thinking your computer has an …Read More

Rebecca Steele Named as NFCC President and CEO

The National Foundation for Credit Counseling is pleased to announce that Rebecca Steele has become the new President and CEO. Rebecca is a proven leader with extensive executive-level experience in retail financial services and mortgage lending with major financial services companies.  She brings a renewed consumer focus to America’s largest and longest serving nonprofit dedicated to financial empowerment, with more than 20 years of experience in managing some of the nation’s largest and complex residential mortgage banking businesses.   Along with her …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

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

Should I Buy a Home Before Paying Off My Student Loans? Five Factors to Consider

Americans owe more than $1.48 trillion in student loan debt, according to Student Loan Hero. That sum is the result of 44 million borrowers or roughly two-thirds of students graduating from four-year colleges. Many people in their 20s and 30s with student loan debt wonder whether they can or should buy a home while they are still in debt. Some find they are perfectly capable, while others realize they are …Read More