Module 4: Debt Lesson Part 2
|
|
- Donna Rosamund McCarthy
- 6 years ago
- Views:
Transcription
1
2 Module 4: Debt Lesson Part 2
3 Module 4: Debt Lesson Part 2 Getting Rid of Your Debt Forever
4 The Lesson Blueprint Where do I Start First? What Tools Can I Use? Rookie Mistakes
5 Where Do I Start? Debt Snowball
6 Debt Snowball Lists Your Debts From Smallest to Largest (Not the Mortgage) Ignore the Interest Rates! Minimum Payments on Everything ATTACK the First Debt!
7 List them all out on this form Min Payment Due to Keep Current Attack Top One Roll that into Next One Roll that into the 3 rd one Keep going..
8 Debt Snowball Why Does it Work? You will Start Knocking Out Debts Early On Behavior Change It is Step-by-Step
9 Debt Snowball Why Does it Work? It is Visual It is Really a Goal Sheet
10 Debt Snowball Exceptions to the Debt Snowball Student Loans in Deferment If you owe the IRS If you have a loan against your retirement account
11 But I Don t Have The Money What Should I Do?
12 Credit Card Debt UNSECURED Debt If you Don t Have the Money, then you Don t Have the Money If it goes into Collections, it goes into collections Your Family Eats BEFORE Visa gets paid They took a Risk too!
13 Auto Debt New Cars lose 60% - 70% in the first 4 years! Should I Sell the Car? 2 Year or Less Rule
14 Auto Debt Upside Down in the Loan? What if Have a Car Lease? Call the Leasing Company & Ask for the Payoff or Buyoff amount
15 Auto Debt I cannot make the payment, what should I do? See what the car is worth and sell it Private Party You will probably need a small loan to cover the difference
16 Auto Debt I cannot make the payment, what should I do? Avoid a Repo at all costs! They will sell your car quick (cheap) and sue you for the difference
17 Going from $31,000 Loan to a Paid For Car in 12 Months You owe $31k on a Truck at $482 for the next 66 months The Truck is worth $28k Get a Smaller Loan for $6k Sell Your $28k Truck and Buy a $3k Used Car
18 Going from $31,000 Loan to Paid For Car in 12 Months What Happened? You just went from a $31k Debt to a $6k Debt Average Car Payment in America: $482 ~12 Months
19 The $3,000 Beater!
20 Credit Report Inaccuracies 1977 Federal Fair Debt Collections Practices Act states: All Credit Bureaus are Required to Remove all Credit Report Inaccuracies within 30 days of you notifying them
21 Credit Report Inaccuracies If they can t get it done in 30 days or they ignore you, the item MUST be removed from your report. It s Law. Always Create a Paper Trail (Letter or )
22 Collection jerks People They want to create an emotional response to get you to pay them They will Lie, Lie, and Lie again to get you to Pay
23 Collection jerks People They don t want to help you Their job is to Harass You Not all Collectors are Jerks (just most of them)
24 Collection jerks People Your rights under the Federal Fair Debt Collections Practices Act of 1977 They can only call you between 8:00am 9:00pm YOUR LOCAL TIME Collectors Cannot Call you at Work
25 Collection jerks People They cannot garnish wages without a lengthy court process Every collector must send you a written validation notice telling you how much money you owe within five days after they first contact you
26 Debt Morals If You Signed for the Debt, You Have a Legal & Moral Obligation to Pay it Back You Still Come First
27 Action Steps 1. Pull Your Credit Report Experian, TransUnion, Equifax 2. Debt Snowball 3. Insert into Your Budget 4. Attack, Attack, Attack!
28 Rookie Mistakes You STILL use the Math You Make Yourself the Exception You Do Nothing and Expect Change
29 It s Up To You! What Does Your Life Look Like Debt Free? How Much Longer Can You Go On Like This? Will You Change Your BEHAVIOR? There Isn t Another Option
30 Wrapping Up The DEBT SNOWBALL Works Every time Knowing Your Rights If you have the money Pay it Get it out of your life Now & Forever
31 In the Next Module What Insurance You Need? Why You Need It? The Break Down of Each?
32
Module 3: Debt Lesson Part 1
Module 3: Debt Lesson Part 1 Module 3: Debt Lesson Part 1 The Debt Stuff No One is Talking About The Lesson Blueprint What is Debt? Type of Debt Credit Scores What is Debt? Debt is ANYTHING you owe to
More informationGETTING RID OF DEBT: WHAT IS THE BEST OPTION FOR YOU?
GETTING RID OF DEBT: WHAT IS THE BEST OPTION FOR YOU? What debt are we talking about? What are the methods to get rid of debt? What are the benefits of each method? What are the downsides? How do I determine
More informationECONOMIC EDUCATION FOR CONSUMERS Chapter 10
WHAT S AHEAD 10.1 What Is Credit? 10.2 How to Qualify for Credit 10.3 Sources of Consumer Credit 10.4 Credit Rights and Responsibilities 10.5 Maintain a Good Credit Rating LESSON 10.1 What Is Credit? GOALS
More informationChapter 26 11/9/2017 1
Chapter 26 11/9/2017 1 Average college students has 3 credit cards Also between $1500 & $2000 in debt Things to know if you re getting a credit card Who accepts it? What amount can you charge to meet your
More informationThe single most dangerous obstacle to building wealth: Debt.
1 The single most dangerous obstacle to building wealth: Debt. Hey, it s ya girl Candice Marie the Founder of. Before we begin I want to tell you don t be embarrassed about your debt. The last time I checked
More informationTHE CONSUMER LAW GROUP, P. C.
THE CONSUMER LAW GROUP, P. C. 1801 Libbie Avenue, Suite 202 Richmond, Virginia 23226 (804) 282-7900 Protecting and Fighting for Consumer Rights www.theconsumerlawgroup.com FAX (804) 673-0316 email: pcampbell@theconsumerlawgroup.com
More informationYour Money, Your Goals Spotlight Series. Dealing with debt: A closer look
Your Money, Your Goals Spotlight Series Dealing with debt: A closer look DISCLAIMER This presentation is being made by a Consumer Financial Protection Bureau representative on behalf of the Bureau. It
More informationDebt and Credit. Financial Literacy Module #2
Debt and Credit Financial Literacy Module #2 DEALING WITH DEBT SIGNS OF DEBT DISTRESS Using the overdraft protection plan on your checking account. Delaying medical and dental visits. Using credit card
More informationChapter 27. Your Credit and the Law pp
Your Credit and the Law pp. 434-447 Learning Objectives After completing this chapter, you ll be able to: 1. Explain how government protects credit rights. 2. Name federal laws that protect consumers.
More informationBoost Your Credit Score By Yourself! How to get the house or car you want
Boost Your Credit Score By Yourself! How to get the house or car you want TIP 1. STEP-BY-STEP GAME PLAN This is what you have to know to fix your credit in a hurry: You must know your three credit scores
More informationDebt Collection & the Fair Debt Collection Practice Act (FDCPA)
Debt Collection & the Fair Debt Collection Practice Act (FDCPA) Please note that this Information Paper only provides basic information and is not intended to serve as a substitute for personal consultations
More informationBuilding Credit. Inside this issue:
CCCS of Rochester/RethinkingDebt Headquarters: 1000 University Ave, Rochester, NY 14607 **Fall 2018** Inside this issue: Building Credit Building Credit 1 Retail Credit Cards 2 By: CCCS of Rochester Student
More informationACCREDITED FINANCIAL COUNSELOR REVIEW COURSE
ACCREDITED FINANCIAL COUNSELOR REVIEW COURSE Designed for Cities for Financial Empowerment Counselors Course Taught by: Dr. Mary Bell Carlson, Ph.D., AFC, CFP Unit 7 Study Guide Unit 7 Surviving Debt Chapter
More informationWhat You Can Do to Improve Your Credit, Now
What You Can Do to Improve Your Credit, Now Provided compliments of: 1 What You Can Do to Improve Your Credit, Now Steps to Raise Your Score Now we re going to focus on certain steps that you can take,
More informationDisclaimer. Please see your tax professional.please.no really, go see them. Give you a better understanding of how taxes work
Smart Tax Planning Disclaimer This session WILL Give you a better understanding of how taxes work Help you understand key changes for the 2018 tax year This session WILL NOT Help you save on your 2017
More informationWhat is credit and why does it matter to me?
Understanding Credit 1 Money Matters The BIG Idea What is credit and why does it matter to me? AGENDA Approx. 45 minutes I. Warm Up: What Do You Know About Credit? (10 minutes) II. Credit: The Good, The
More informationTell Your Story. Week 4 How would it feel to be 100% debt-free now and forever? date
Tell Your Story Week 4 How would it feel to be 100% debt-free now and forever? date dumping debt breaking the chains of debt Debt is the most successfully, aggressively marketed product in history. What?
More informationFINANCIAL LITERACY WHAT YOU NEED TO KNOW TO SURVIVE IN TODAY S ECONOMY
FINANCIAL LITERACY WHAT YOU NEED TO KNOW TO SURVIVE IN TODAY S ECONOMY Presented by: Terry Lawson Lawson Law Center 700 E. 8 th St. Kansas City, MO 64106 www.llckc.com LAWSON LAW CENTER LLC WWW. LLCKC.COM
More informationA financial empowerment toolkit for community volunteers
YOUR MONEY, YOUR GOALS A financial empowerment toolkit for community volunteers Modules 6-7: Debt and credit reports Consumer Financial Protection Bureau April 2015 Table of contents MODULE 6: Dealing
More informationDebt getting in your way? Get a handle on it.
Debt getting in your way? Get a handle on it. Bureau of Consumer Financial Protection Your Money, Your Goals About the Bureau The Bureau of Consumer Financial Protection regulates the offering and provision
More informationWealth Strategies. Debt Management: Getting Started The Basics.
www.rfawealth.com Wealth Strategies Debt Management: Getting Started The Basics Part 4 of 12 Debt Management: The Basics WEALTH STRATEGIES Page 1 What is Debt Management? As a consumer in today s world,
More informationCredit and Going into Debt A. What is credit?
Lesson 4 standards E.6.1 Explain the basic functions of money. E.6.2 Identify the composition of the money supply of the United States. E.6.3 Explain the roles of financial institutions. E.6.6 Explain
More informationUnderstanding. What you need to know about the most widely used credit scores
Understanding What you need to know about the most widely used credit scores 300 850 The score lenders use. FICO Scores are the most widely used credit scores according to a recent CEB TowerGroup analyst
More informationFederal Reserve Bank of Philadelphia
Federal Reserve Bank of Philadelphia 1 When you apply for credit, whether it s a credit card, car loan, or a mortgage, lenders want to know whether you are likely to repay your loan and make the payments
More informationToday s topics. 5 simple financial strategies. Preparing for retirement. Plan considerations when you retire.
Retirement Seminar Today s topics 5 simple financial strategies. Preparing for retirement. Plan considerations when you retire. Leave the money in your Plan account. Withdraw your account. Taxes. Direct
More informationYour Money, Your Goals too. Financial empowerment toolkit
Your Money, Your Goals too Financial empowerment toolkit DISCLAIMER This presentation is being made by a Consumer Financial Protection Bureau representative on behalf of the Bureau. It does not constitute
More information12 Steps to Improved Credit Steven K. Shapiro
12 Steps to Improved Credit Steven K. Shapiro 2009 2018 sks@skscci.com In my previous article, I wrote about becoming debt-free and buying everything with cash. Even while I was writing the article, I
More informationPREVENTING AND MANAGING HIGH COST DEBT: PAYDAY LOANS, AUTO TITLE LOANS, AND STUDENT LOANS
PREVENTING AND MANAGING HIGH COST DEBT: PAYDAY LOANS, AUTO TITLE LOANS, AND STUDENT LOANS P R E S E N T E D B Y : I N G E R G I U F F R I D A, F I N A N C I A L E D U C A T O R A N D A S S E T B U I L
More information10 Errors to Avoid When Refinancing
10 Errors to Avoid When Refinancing I just refinanced from a 3.625% to a 3.375% 15 year fixed mortgage with Rate One (No financial relationship, but highly recommended.) If you are paying above 4% and
More informationBefore we get into the Case Studies, we want to clarify some misconceptions about this fragile industry and its services:
In the following pages, you'll discover what's actually possible when credit repair is done not only the LEGAL way, but the RIGHT way the first time around. The following case studies are real clients
More informationValuable Secrets to Defending Debt Collection Lawsuits
Valuable Secrets to Defending Debt Collection Lawsuits Creditors will aggressively pursue you. The Terry Law Firm will aggressively defend you. IF YOU HAVE BEEN SUED BY A DEBT COLLECTOR, YOU CAN WIN! David
More informationA Special Report by Laura Adams, author of Money Girl s Smart Moves to Grow Rich
3 Strategies to Build Credit FAST A Special Report by Laura Adams, author of Money Girl s Smart Moves to Grow Rich 3 Strategies to Build Credit Fast Copyright 2011 SmartMovesToGrowRich.com All rights reserved.
More informationImproving Your Credit
Teacher Homebuyer Guide to: Improving Your Credit By John Godbey, Founder and Broker of Teacher Homebuyer Real Estate Introduction Thank you for signing up for our E-Guide "Improving Your Credit." We find
More informationFirst-time Homebuyer s Guide: Follow These Steps to Get Your First Mortgage
First-time Homebuyer s Guide: Follow These Steps to Get Your First Mortgage Buying your first home is both exhilarating and overwhelming. Stay on top of it all with this step-by-step guide on what to expect
More informationYour Money, Your Goals
Your Money, Your Goals A FINANCIAL EMPOWERMENT toolkit FOR SOCIAL SERVICE PROGRAMS Training for case managers and frontline staff Your Money, Your Goals Introduction 2 Money and me: Opening activity List
More informationWHAT HAPPENS IF I DON T PAY
LESSON 7 WHAT HAPPENS IF I DON T PAY THE LESSON IN A NUTSHELL Not paying your bills has consequences. Even when you re late, pay as soon as you can. Overview...2 Activity #1: You ve Been Pre-Approved!...
More informationVolume 2 Your Credit Report and Your Rights
Volume 2 Your Credit Report and Your Rights Your Credit Report and Your Rights Take the first step in changing your financial future. Call InCharge Debt Solutions today at 1.877.544.7772 or visit www.incharge.org
More informationConsolidate credit card debt with bank of america
Home Consolidate credit card debt with bank of america This quarterly newsletter includes market reports on various key industries highlighting recent transaction and market data as well as key industry
More information20 Steps to Financial Health:
20 Steps to Financial Health: Achieving Lifelong Financial Fitness American Consumer Credit Counseling 130 Rumford Avenue Auburndale, MA 02466 1.800.769.3571 ConsumerCredit.com On behalf of American Consumer
More informationTABLE OF CONTENTS. Healthier Black Elders Center
TABLE OF CONTENTS What is credit............................................1 The five C s of credit...................................... 2 Types of credit...........................................3
More informationA Credit Smart Start. Michael Trecek Sr. Risk Analyst Commerce Bank - Retail Lending
A Credit Smart Start Michael Trecek Sr. Risk Analyst Commerce Bank - Retail Lending Agenda Credit Score vs. Credit Report Credit Score Components How Credit Scoring Helps You 10 Things that Hurt Your Credit
More informationA CONSUMER S GUIDE TO INSURANCE COMPANIES' USE OF CREDIT INFORMATION
A CONSUMER S GUIDE TO INSURANCE COMPANIES' USE OF CREDIT INFORMATION INSURANCE CREDIT SCORING IN NORTH CAROLINA Insurance companies licensed to sell private passenger automobile and residential property
More informationNow, let me turn the program over to Jacqueline Cooke, Women s Bureau Regional Administrator in Boston, to introduce our first speaker. Jackie?
Wi$e Up Teleconference Call February 28, 2006 Becoming Credit Smart Speaker 1 Amy Perry Jane Walstedt: Now, let me turn the program over to Jacqueline Cooke, Women s Bureau Regional Administrator in Boston,
More informationCredit sharks. Understanding Credit Bureaus and Collections
Credit sharks suits in Understanding Credit Bureaus and Collections We live in a culture that bows down and worships at the altar of the almighty credit score, and it seems like we ll do anything to protect
More informationWeek 4 - Credit. Ecclesiastes 5:5 - Better is it that thou shouldest not vow, than that thou shouldest vow and not pay.
Week 4 - Credit Ecclesiastes 5:5 - Better is it that thou shouldest not vow, than that thou shouldest vow and not pay. Proverbs 22:1-1A good name is rather to be chosen than great riches, and loving favour
More informationSnowball debt reduction excel spreadsheet
Snowball debt reduction excel spreadsheet Search Use a free Excel snowball debt reduction spreadsheet to monitor 5 outstanding debts and calculate how long it will take to pay them down to zero!. A detailed
More informationYour Guide To Better Credit
Your Guide To Better Credit INTRODUCTION Your go-to guide to better credit It seems like every other commercial on television touts some sort of offer around credit. You hear things like, Free credit report,
More informationCHAPTER 8. Personal Finance. Copyright 2015, 2011, 2007 Pearson Education, Inc. Section 8.7, Slide 1
CHAPTER 8 Personal Finance Copyright 2015, 2011, 2007 Pearson Education, Inc. Section 8.7, Slide 1 8.8 Credit Cards Copyright 2015, 2011, 2007 Pearson Education, Inc. Section 8.7, Slide 2 Objectives 1.
More informationPERSONAL FINANCE FINAL EXAM REVIEW. Click here to begin
PERSONAL FINANCE FINAL EXAM REVIEW Click here to begin FINAL EXAM REVIEW Once you work through the questions, you will have a good ideas of what will be on the final next week. Click here if you are too
More informationStudent Guide: RWC Simulation Lab. Free Market Educational Services: RWC Curriculum
Free Market Educational Services: RWC Curriculum Student Guide: RWC Simulation Lab Table of Contents Getting Started... 4 Preferred Browsers... 4 Register for an Account:... 4 Course Key:... 4 The Student
More informationUNDERSTANDING BUSINESS CREDIT
YOUR GUIDE TO UNDERSTANDING BUSINESS CREDIT POOR YOUR BUSINESS CREDIT PROFILE GOOD SPONSORED BY UNDERSTANDING YOUR PERSONAL CREDIT PROFILE Every small business owner has two credit profiles: 1. Your personal
More informationBuilding a strong credit history. A public education campaign brought to you by MasterCard
Building a strong credit history A public education campaign brought to you by MasterCard Buying your first car, renting your first apartment, starting college, beginning your first real job master your
More informationin Head Start Credit and Debt: Make it work for you!
in Head Start Credit and Debt: Make it work for you! Annual Credit Report Request Form You have the right to get a free copy of your credit file disclosure, commonly called a credit report, once every
More informationUsing the TaxPak Buy-Down Example
Using the TaxPak Buy-Down Example Buying Up When the New Property has a purchase price that is higher than the sale price of your Old Now let s crunch some numbers! To illustrate Part III of Form 8824,
More informationProject Pro$per. Credit Reports and Credit Scores
Project Pro$per Presents Credit Reports and Credit Scores Participant Guide www.projectprosper.org www.facebook.com/projectprosper Based on Wells Fargo s Hands on Banking The Hands on Banking program is
More informationA Guide to Your Credit Report
Sample for demonstration purposes only. All data is fictitious. A Guide to Your Credit Report John Sample January 20, 2018 Please Note: This packet is provided as is and is meant to give insights into
More informationUnderstanding Your FICO Score. Understanding FICO Scores
Understanding Your FICO Score Understanding FICO Scores 2013 Fair Isaac Corporation. All rights reserved. 1 August 2013 Table of Contents Introduction to Credit Scoring 1 What s in Your Credit Reports
More informationTHINK AGAIN. THINK AGAIN. THINK AGAIN.
THINK AGAIN. THINK AGAIN. THINK AGAIN. THINK AGAIN. THINK AGAIN. THINK AGAIN. THINK AGAIN. THINK AGAIN. THINK AGAIN. THINK AGAIN. THINK AGAIN. THINK AGAIN. THINK AGAIN.THINK AGAIN. THINK AGAIN. THINK AGAIN.
More informationTools_divider.pdf 1 6/9/13 9:09 PM. Keys to Your Financial Future. Tools
Tools_divider.pdf 1 6/9/13 9:09 PM Keys to Your Financial Future Tools Tools_divider.pdf 2 6/9/13 9:09 PM CreditSimulation_divider.pdf 1 6/14/13 1:16 PM Credit Score Simulation CreditSimulation_divider.pdf
More informationWhat you need to know about getting, using and keeping credit. A Guide to Credit* American Financial Services Association Education Foundation
A Guide to Credit* What you need to know about getting, American Financial Services Association Education Foundation www.afsaef.org www.gmacfs.com using and keeping credit *If you would like to receive
More information4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT!
SPECIAL REPORT: 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT! Provided compliments of: 4 Big Reasons You Can t Afford To Ignore Business Credit Copyright 2012 All rights reserved. No part of
More informationStudent Activities. Lesson Nine. In Trouble 04/09
Student Activities $ Lesson Nine In Trouble 04/09 name: date: test your knowledge of trouble The following questions are designed to test what you ve just learned about dealing with financial woes. directions
More informationCredit Reports & Credit Scores 101. Mary C. Hurlburt Certified Consumer Credit Counselor and Score Volunteer
Credit Reports & Credit Scores 101 Mary C. Hurlburt Certified Consumer Credit Counselor and Score Volunteer mary.hurlburt@scorevolunteer.org Mary Hurlburt Mary Hurlburt is the Financial Counseling and
More informationWhat to do if you re Drowning in Debt
What to do if you re Drowning in Debt A Beginner s Guide to Debt and Debt Relief Brought to you by: Copyright creditworld 2012 1 INTRODUCTION Are you drowning in debt? Do you feel like no matter what you
More informationUnderstanding Your FICO Score
Understanding Your FICO Score Contents Your FICO Score A Vital Part of Your Credit Health............ 1 How FICO Scores Help You................ 2 Your Credit Report The Basis of Your FICO Score..............
More informationClass 8: Trading Neutral. I. Learning to Trade Neutral. Today s Class
Today s Class Psychology of Trading Neutral Anatomy of a trade Bracket trading/trading neutral Determining stops Journaling Class 8: Trading Neutral I. Learning to Trade Neutral Learning to Trade Neutral/Psychology
More informationSAMPLE. Chapter 1 DAVE RAMSEY
Chapter 1 DAVE RAMSEY Case Study Savings Rob and Carol were married recently and both have good jobs coming out of college. Rob was hired by The Lather Group as an assistant designer making a starting
More informationBring Balance to Your BUDGET. MKD-3965E-A-SL EXP 31 OCT EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. Page 1 of 31
Bring Balance to Your BUDGET MKD-3965E-A-SL EXP 31 OCT 2018 2016 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. Page 1 of 31 5 HOW CAN I STAY ON TRACK? 4 HOW DO I GET THERE? 1 WHERE AM I TODAY? MY FINANCIAL
More informationUnderstanding how credit affects your client s ability to purchase. Course number E1868
Understanding how credit affects your client s ability to purchase Course number E1868 Renee Duval NMLS#96967 Certified Mortgage Professional NH Mortgage Bankers & Brokers Association This is not an offer
More informationSecrets to Success: Personal Finance Management
Secrets to Success: Personal Finance Management Harvard University Employees Credit Union (HUECU) A financial institution exclusively serving the Harvard University students, alumni, faculty, staff, and
More informationValue of Education: Education and Earning Power
Value of Education: Education and Earning Power Preparation Grade Level: 4-9 Group Size: 20-30 Time: 45-60 Minutes Presenters: 3-5 Objectives Students will be able to: Calculate monthly & annual earnings
More informationYOUR MONEY, YOUR GOALS. A financial empowerment toolkit
YOUR MONEY, YOUR GOALS A financial empowerment toolkit Consumer Financial Protection Bureau December 2016 About the Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB)
More informationIf you are over age 50, you get another $5,500 in catch-up contributions. Are you taking advantage of that additional amount?
Let s start this off with the obvious. I am not a certified financial planner. I am not a certified investment counselor. Anything I know about investing, I ve learned by making mistakes, not by taking
More informationYour Money, Your Goals
Your Money, Your Goals A FINANCIAL EMPOWERMENT TOOLKIT FOR SOCIAL SERVICE PROGRAMS Training for case managers Your Money, Your Goals Introduction 2 Money and me: Opening activity List all of the words,
More informationSmart Debt Management: Six Tips for Keeping Your Debt in Check
Smart Debt Management: Six Tips for Keeping Your Debt in Check By Tim Steffen, CPA/PFS, CFP, CPWA, Director of Advanced Planning Debt is a subject about which most people feel conflicted. While debt makes
More informationBudgeting & Debt Basics
Budgeting & Debt Basics Why Have a Budget? Gain control over your finances Get the most out of your money Achieve your financial goals What is a Budget? A plan for saving and spending Allows you to choose
More informationImproving Your Credit Score
Improving Your Credit Score From my experience working with many potential home buyers looking to improve their credit, they are frustrated! They are frustrated because they receive conflicting information
More informationCreditReport.LifeTips.com
CreditReport.LifeTips.com Category: About Credit Reports Subcategory: About Credit Reports Tip: About Credit Reports A credit report is a compilation of information that gives potential creditors a snapshot
More informationHOW TO GET COMPLETELY OUT OF DEBT, INCLUDING YOUR MORTGAGE, IN 5 10 YEARS OR LESS. by Michael Harris
FINANCIAL FREEDOM BLUEPRINT DEBT FREE LIVING QUICK START GUIDE HOW TO GET COMPLETELY OUT OF DEBT, INCLUDING YOUR MORTGAGE, IN 5 10 YEARS OR LESS by Michael Harris DISCLAIMER: I don t give financial advice.
More informationguide to dealing with debt for pre-retirees
guide to dealing with debt for pre-retirees NEARING RETIREMENT Debt is a financial complication no matter what your life stage is. But for the pre-retiree, debt takes on added significance. With retirement
More informationIntroduction. Purpose. Student Introductions. Objectives (Continued) Objectives
Introduction Instructor and student introductions. Module overview. 1 2 Your name. Student Introductions Your expectations, questions and concerns about credit cards. Purpose will teach you about credit
More information1 Texas Foreclosures
Texas Foreclosures 1 Slides and Opportunities available at www.creativecashflow.com/ntarei 3 What Are Liens? Debt On Property Many Types of Liens 4 Mortgage Mortgages are the most common lien we deal with
More informationThat means the average cost for just one four-year degree will be $132,000
With the cost of tuition constantly going up these days, it is a rarity that I speak to a recent graduate who is not in student loan debt of some kind. In fact, the most recent statistics show that over
More informationfor Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook
for Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook Welcome! This workshop is about credit. Credit is buying something now, but paying for it later. Credit can be useful
More informationCredit Cards. Annual Percentage Rate - What you are paying each month -- unpaid balances calculated as a percentage.
Credit Cards Annual Fee - Amount you pay each year to have a credit card. Annual Percentage Rate - What you are paying each month -- unpaid balances calculated as a percentage. Balance - The total charges
More informationlesson nine in trouble overheads
lesson nine in trouble overheads why consumers don t pay loss of income (48%) Unemployment (24%) Illness (16%) Other (divorce, death) (8%) overextension (25%) Poor money management Emergencies Materialism
More informationINSTRUCTIONS: LETTER BELOW
INSTRUCTIONS: #1. When in default pull your free annual report (ONLY authorized source for the free annual credit report that's yours by law is at: https://www.annualcreditreport.com/cra/index.jsp). Dispute
More informationFICO Scores Decoded Discover How to Easily and Quickly Obtain Excellent FICO Credit Scores Regardless of Your Personal Credit Quality Now
Discover How to Easily and Quickly Obtain Excellent FICO Credit Scores Regardless of Your Personal Credit Quality Now Discover How to Easily and Quickly Obtain Excellent FICO Credit Scores Regardless of
More informationGet Your Credit Mortgage Ready
Special Report Get Your Credit Mortgage Ready Compliments of: HowtoFixMyCredit.com Tel: 1-888-262-2123 Dear Home Buyer, If you re considering buying a home, then now would be a good time to check your
More informationWelcome! Credit Scoring and Sub-Prime Lending
Welcome! Credit Scoring and Sub-Prime Lending What is Credit Scoring? It s the use of a statistical model to objectively evaluate all the credit information available in a single repository What is a repository?
More informationJANUARY SUCCESSFUL Ways to Reduce Your Debt In 2018
JANUARY 2018 5 SUCCESSFUL Ways to Reduce Your Debt In 2018 Date/time to schedule: Monday, January 1 @ 7:00 p.m. Preheader Text: Finally a resolution with long-term benefits. Facebook Share Text: Ready
More informationBe Credit Wise Credit is a way of having something now and paying for it later. Many
Be Credit Wise Credit is a way of having something now and paying for it later. Many of us want to take advantage of flexibility in our spending plans by using credit. Credit isn t free; it s paid for
More informationUNDERSTANDING CREDIT. KASFAA Conference Manhattan, KS April 21, Robb Cummings Director of Business Development
UNDERSTANDING CREDIT KASFAA Conference Manhattan, KS April 21, 2016 Robb Cummings Director of Business Development FICO Score 2 A FICO Score is a three-digit number calculated from the credit information
More informationGREENPATH FINANCIAL WELLNESS SERIES
GREENPATH FINANCIAL WELLNESS SERIES UNDERSTANDING YOUR CREDIT REPORT & SCORE Empowering people to lead financially healthy lives. TABLE OF CONTENTS Understanding credit reports...2 What s in a credit
More information12/5/2013. Cash Management: Overview. More Month Than Money and Extra Credit. Why are you here? Benefits of developing a budget
12/5/2013 Cash Management: Overview More Month Than Money and Extra Credit Sean L. Mabey smabey@neamb.com Understanding cash management Age old questions: Where oh where does our money go? Making a budget
More informationFICO Score Open Access Consumer Credit Education US Version. Frequently Asked Questions about the FICO Score
FICO Score Open Access Consumer Credit Education US Version Frequently Asked Questions about the FICO Score 2012 Fair Isaac Corporation. All rights reserved. 1 January 01, 2012 Table of Contents About
More informationHow Much House Can You Afford?
03 4580 CH02 4/4/06 4:11 PM Page 15 How Much House Can You Afford? 2 Chapter In This Chapter Calculating your total income and monthly expenses Finding your appropriate price range or knowing how much
More informationCREDIT SHARKS and VAMPIRES I boss my money! I have power! The law is on my side!
CREDIT SHARKS and VAMPIRES I boss my money! I have power! The law is on my side! Presenter s name goes here: Presenter s title goes here: Your Organization s name: Your Address: City, State Zip: Phone
More informationCredit Ramifications in a Mortgage Crisis
Credit Ramifications in a Mortgage Crisis I. Overview a. If purchasing a home is the largest single purchase an individual will make, facing the prospect of losing a home is likely the most stressful and
More informationReal Estate Private Equity Case Study 3 Opportunistic Pre-Sold Apartment Development: Waterfall Returns Schedule, Part 1: Tier 1 IRRs and Cash Flows
Real Estate Private Equity Case Study 3 Opportunistic Pre-Sold Apartment Development: Waterfall Returns Schedule, Part 1: Tier 1 IRRs and Cash Flows Welcome to the next lesson in this Real Estate Private
More information