Personal Financial Advice from a former Certified Financial Planner
Payday loans have gotten a bad rap, and deservedly so. Payday lenders have behaved in a predatory manner. However recent payday loan rules and regulations have eliminated some of the worst abuses. While a payday loan should be no one’s first choice, when used properly, for the short-term only, a …
What Is SoFi? In this SoFi review we will take a look at what SoFi offers and the pros and cons of SoFi. We’ll see is SoFi legit, or is this all a SoFi scam? SoFi, like most other niche financial services companies, is expanding. It turns out that once …
Figuring out what the best thing to do with your money can be difficult. Many people get caught up in all the possibilities. They wonder if it is wise to pay off your house mortgage. Should they pay off credit cards or put higher down payment on a new home? …
A whole lot of Covid financial relief protections were scheduled to end in December. As expected, some of those money helping tweaks have been extended in 2021. For example, the Biden administration recently extended the mortgage foreclosure moratorium and forbearance protections. Student Loan Relief Flexibility On January 20, 2021, various …
Many people with student loan payments don’t realize they have multiple options for repaying their student loans easier. One option is the income-driven repayment plan that the federal government offers for loans owned by the US Department of Education. The key to income-driven student loan payment is that your student …
Student loans have gotten huge for some graduates. It’s no wonder that there is increasing interest in how to get student loan forgiveness. Unfortunately, there are very few circumstances in which you can get the government to pay off your loans or otherwise cancel your student loan debt. Student Loan …
There are far too many people out there insisting that certain things are “bad” in every case. For example, some very prominent financial personalities will tell you that you should never lease a car. While car leases aren’t necessarily a great deal all of the time, neither is getting a …
There are a lot of people out there who dream of paying off their mortgage early. As a financial advisor, I would often have to talk them out of unusual schemes for paying off their house early, like raiding their 401k. It isn’t a bad thing to pay off your …
I spend a lot of time talking about whether or not the free credit scores from CreditKarma, or the WalletHub free credit scores, or the credit scores from Credit Sesame are “real credit scores” or not. The reality is that most of the time, it doesn’t actually matter. If it’s a …
After investigating is CreditKarma.com legit or not, we got a lot of questions about credit scores and credit reports. Hopefully, this can help clear up some of the most common credit score misconceptions. Update: A Credit Karma tax review is here looking at the new free tax returns offering by …