Many lenders require borrowers to get credit life or disability insurance. It protects the lender if the borrower dies or becomes disabled before repaying a loan. For the borrower, however, it’s no bargain. According to the Wall Street Journal, insurers collect over $2 billion a year in premiums, but pay out only $900 million a […]

The salesperson who pressures you to buy now should trigger a red warning flag in your mind. Consider the friend who drops by to give you an opportunity to invest in a red-hot deal. Unfortunately, you must decide today (they say) because they are going to start drilling for oil in the morning.
Now you may […]

Examine Your Spending Behavior
One way to save cash is by not eating lunch out every day. Not only will you save substantially, you will also avoid using the credit card to run up more debt that you do not have the cash for. This chart shows the weekly and annual cost of your lunches.
Number of […]

A Change in Lifestyle
To avoid getting into financial problems in the future, you must understand your flow of income and expenses. Some people call this making a budget. Others find the term budget too restrictive and use the term spending plan. Whatever you call it, spend at least two months writing down every expenditure.
At […]

Many people want to know if the agencies that promise to clean up your credit rating are legitimate. The answer is a resounding no. What these organizations often practice is fraud. They swap your Social Security number or other identifying details with those of someone with cleaner credit or no credit at all to allow […]