Understanding your FICO Score It is important to review your FICO Score and you will have to identify all the discrepancies and taken the steps necessary to correct said errors, it’s time to assess your financial situation. The simplest way to do this is to look at your credit score. There are several ways to…
Tax Refund Checks Over the past few weeks we have been discussing your credit reports and getting a better understanding about who and how much you owe, now, we are looking forward to the tax refund check! In the next few months, many will be expecting/hoping for a refund check from Uncle Sam. It’s tempting…
Your Credit Score Matters! During this past Superbowl – in between million dollar commercials, there was a football game played. For those of us entered in a pool at work or our favorite hangout, we’ll be keeping an eye on every change in score. While these scores can be profitable, they are far less important…
Time for a Credit Check? Recently, we talked about taking the time to sit down and get a better picture as to who and how much you owe — a credit check can help you do that. The question becomes, “Did I forget anyone?” It is easy to remember the creditors who flood your mailbox…
Credit card debt – UGGGHHHH! The holiday season is over and the credit card debt is here. Even if your neighbor still hasn’t taken down their lights, you and your wallet have probably lost that Christmas spirit. Unfortunately for many, December is consumed with visions of sugar plums as opposed to visions of future financial…
YOUR FRIENDS LIE and 9 other things you should know when considering filing for bankruptcy Filing for bankruptcy is a big step and should never be taken lightly. Regardless of what Chapter you file or which attorney you use, the list below points out 10 things you should be thinking about before, during, and after…
Pension crises are happening around the country, most notably in Detroit, Illinois. and New Jersey. Alabama fears it is headed in the same direction and is closely watching how these other municipalities deal with pensions and potential bankruptcies. While Detroit is working on its pension issues through bankruptcy, Illinois has yet to allow its cities…
A law professor at the University of Illinois says that bankruptcy is the way to go when you have valuable assets to protect. While filing for bankruptcy can be very helpful when it comes to wiping out debt, it comes with serious consequences. In many cases, it is best to use bankruptcy as a bargaining…
Chicago is the biggest city of note in Illinois that is struggling financially, but it is definitely not the only one. Cities in the state have to be granted legislative approval in order to file for bankruptcy, which is practically impossible to get. So, instead, cities such as Chicago suffer under the weight of pension…
City mayors in Illinois are speaking out about the State’s refusal to allow them to file bankruptcy. Without that option, they say, cities are struggling to pay pensions. And residents are having to pay higher and higher taxes to compensate. Read more from rrstar.com: Rockford Mayor Larry Morrissey said Wednesday that Illinois towns and cities…