Bankruptcy is a legal process at the federal level that applies to a person (or company) who is no longer able to meet his or her financial obligations. Bankruptcy either eliminates or reorganizes the debt, and can eliminate some kinds of liens against the filer’s property. It has a long-lasting negative effect on the debtor’s credit and is generally considered an option of last resort. That doesn’t mean it’s never the best option.
For many brides- (and to be fair, grooms-) to-be, the word frugal never enters their minds when planning their special day. So perhaps it’s not shocking that the average cost of a wedding is $31,213—an all-time high according to the latest research conducted by TheKnot in their 2014 Real Weddings Study. If you’re fortunate to
If you want to build business credit for your company (even if that company is only you), here are six things you should know about business credit cards and how they relate to your business’s credit standing.
As the housing market heats up and more consumers consider buying a home, it’s important to consider the role that your credit score plays in your ability to secure a mortgage. Conventional mortgage lenders will typically want a FICO score of at least 720, or in some cases 740, but those with a score above 580 may
Financial abuse against the elderly is real and costly. Some estimates put the total loss at $37 billion each year. While many abuses are instigated by strangers who prey on society’s most vulnerable, many losses are caused by people the victims trust. Here’s what you need to know to protect aging parents from financial fraud.
An excellent credit score opens the door to the best financing offers on the market. Who wouldn’t want to take advantage of them? Read on to learn the five essential habits of consumers with excellent credit scores.
If you’re wondering what a Credit Privacy Number (CPN) is, and whether or not it can legally be used to escape a bad credit history, read on. John Ulzheimer, credit expert for Credit Sesame, explains what you need to know about CPNs as well as a word of warning if you’re thinking about using one.
For identity thieves, tax time is harvest time. It’s like the holiday season for retailers, and where many thieves make the bulk of their yearly earnings. Here’s a look at just how big of a problem tax identity theft is, why it’s growing, and what you need to know to protect yourself from becoming a victim.
When I lived on Capitol Hill in Washington, DC, it seemed that every morning I’d see another car with the window smashed, the interior ransacked and the stereo gone. After I relocated to sunny San Diego, CA to enjoy a slower-paced, beachy lifestyle, I expected certain costs of living to go down. Surprisingly, my auto