The First Step: Prayer The first course of action is to go to God in repentance and forgiveness for mishandling that which He has entrusted to you. Remember that in your borrowing, you promised to repay. In essence, you made a vow when you incurred debt. While borrowing or lending for that matter is not […]

Everyone knows that potential lenders look closely at your credit record, but did you also know that landlords and insurance companies do, too? Here are some tips for building up a clean credit record—and making sure it stays that way. You probably already know that your credit report is all-important when it comes to qualifying […]

Now you probably know that your credit report is essentially your credit history. It details what sort of loans you have outstanding, how long you’ve had them, whether you pay your bills on time and so on. (The information is not just from credit card companies, but all your creditors including utilities, landlords, hospitals, banks, […]

In the process of building our financial future, there are times when we ask another person or a financial institution to use their money for a limited period of time. This is borrowing or taking out a loan. Usually, the lender allows us to use their money in exchange for a percentage fee called interest. […]

Continuing from my previous blog…. Both persons have made the very same monthly payment. However, the investor (the one who does not borrow) makes no more payments, but continues to let the accumulation of his or her six-year payments grow in the marketplace, gaining return upon compound return at the very same rate. In just […]