Buying a house may be one of the most important purchases of your life and it’s not a decision that you want to make hastily. Before you can start searching for that perfect dream house, you need to plan for how you are going to afford it, and that means smart budgeting and saving up for your first home. Here’s a strategy to help you save smart. Figure out your target amount A good way to start thinking about your…
Accurate Negative Information Report When the negative information recorded in your report is accurate, it will only be deleted in the course of time. A consumer reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid monetary judgment issued against it may be reported for seven years or until the statute of limitations expires, whichever occurs later. The reporting period begins to run from the date on which the…
Credit Repair: How to Help Yourself “Credit problems? No problem!” “We can permanently remove from your file of bankruptcies, judgments, liens and unpaid loans!” “We can erase your bad credit history – 100% guaranteed” “Create a new credit identity legally!” Do yourself a favor, and save some money. In fact, lawyers working at the Federal Trade Commission (FTC), the national consumer protection agency, say they have never seen a legitimate credit repair operation make such statements. The truth is that there…
Finding a financial advisor can be an intimidating process. It’s not just a numbers game to find who is the best at navigating the markets. It is a personal relationship, and you should get someone to listen to you and work with you to help you reach your goals. One common misconception is that only people with a lot of money to invest need a financial advisor. Everyone needs an advisor, just as everyone needs to pay an annual visit to…
There is no doubt that for a company to have the capacity to grow, it must have efficient management of its financial resources. Implementing the practice of preparing budgets is a way to ensure that your organization will be taking advantage of resources efficiently, and that the company will be able to meet current and future commitments. This is a way to visualize the possible scenarios that can be present both internally in the organization and in the market in…
Once we have a personal budget and we have adjusted our expenses, our next mission is to create an emergency fund. The Emergency Fund is an amount of money saved in an account or deposit that is available and that we will only use to cover these expenses that arise unexpectedly. In our day to day we encounter unforeseen situations. We crash the car, we have to replace the washing machine, we get sick, we lose our job etc… All these situations are costly and…