How to Avoid Falling into a Credit Card Debt Trap

It came in the mail and you just had to stare at it for a while. Your first real credit card. Not a debit card or one of those pre-paid or deposit-secured cards. The real thing. Shiny, new and ready for a real swiping.

Transunion, the credit reporting agency, estimates that the average person carries about $5,000 in credit card debt. That’s a big number, but it is easy to fall in a deep, dark financial hole if you’re not careful.

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The Most Important Question to Ask Your Financial Advisor

Last week, the Dave Ramsey conflict of interest issue raised a few concerns that investors should be reminded of. First, you can’t assume an expert’s advice is always right. Second, you must know how an advisor is paid. And third, it’s important to remember that, by and large, Wall Street is a rigged game.

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Most Financial Advisors Say They’ll Vote for Trump — Is that a Good Thing or a Bad Thing?

Presidential campaigns are rarely this entertaining. But when Donald Trump entered the ring and started swinging, things got interesting. And while financial advisors generally — and wisely — avoid political conversations with their clients, a recent poll yielded some interesting insights.

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The Complete Guide to Building Credit — and How to Make Your Credit Score Soar

Let’s say you wanted to snub your nose at the Corporate Global Machine and have vowed to live a noble life, spiritually guided and financially modest. Swearing off debt. Denouncing materialism. But you still need a job, right? You’ll probably need a good credit score to qualify. And yes, you want to live a minimalist life, but you’ve got have cable. I mean, if for nothing more than the Discovery Channel. Credit check. Want to rent a humble casa? Sign here and we’ll see if you qualify.

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‘Black’ Names Equal a 71-Point Lower Credit Score When Seeking a Mortgage

A few years ago, getting a mortgage loan was a humbling task. You’d wait in the lobby of a bank for a loan officer to usher you to a desk where you’d plead your worthiness. It didn’t feel like banks needed or even wanted your business; it seemed more like they were doing you a favor by even considering you for a loan.

And then came the great online equalizer, websites empowering consumers to shop mortgage rates, terms and lenders, and fire off their applications. Gone were the days of hat-in-hand borrowing — and, theoretically at least, discrimination. If they can’t see you, lenders can’t discriminate, right?

Maybe. Continue reading “‘Black’ Names Equal a 71-Point Lower Credit Score When Seeking a Mortgage”