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Articles in the Personal Finance Category

Credit, Headline »

Why your Credit Score Matters

A bad credit score can make it hard for you to get approved for a loan, and may even require you to have a co-signer and/or a decent chunk of change to use as a down payment in order to get approved. A bad credit score can put a damper on your career, too – did you know that more and more employers are doing background checks that include a peek at a potential employee’s credit history? And planning for the future — trading in your current vehicle for a …

Financial Planning, Headline »

[23 Dec 2013 | Comments Off | ]
Want to be Free? Five Must-Dos for 20-Somethings (And Why We Envy You)

by Dan Danford, CFP®
Hey 20-something … Lots of 30-somethings, 40s and Baby Boomers out there envy you. Why? It’s not for the reasons you might think.
If you’re in your 20s, you are in a crucial stage of their life where decisions you make now will have a profound impact on where you’ll be as you enter your retirement years – which will truly sneak up more quickly than you realize. Actually, the decisions you make now will impact how you make plans to enjoy life at every decade. While it’s …

Debt, Headline, Personal Finance »

[18 Dec 2013 | Comments Off | ]
Successfully Negotiating Your Medical Bills

Every day there are literally thousands of Americans who struggle to pay medical bills. Some simply give up in frustration. However, ignoring your debt is not considered a solution – and it can oftentimes make the situation worse overall.
One potential solution to easing your medical debt obligation is to negotiate with your medical service provider. While the negotiating process is not considered easy, the good news is that, according to a recent study, more than 65 percent of those who have negotiated their medical bills with doctors have succeeded, and …

Credit, Headline »

[2 Dec 2013 | Comments Off | ]
Most Common Credit Myths

Most Common Credit Myths
When you want to have a good credit score a little knowledge can be very powerful. Remember that a good credit score can open doors to many great credit offers. When you apply for a loan for a home or car or even a personal loan banks and other financial institutions use your credit report to determine if you qualify according to their guidelines.
Here are a few of the more common myths about credit:
People who lived in your residence can greatly affect your credit history.
It doesn’t make …

Bankruptcy, Headline, Personal Finance »

[26 Nov 2013 | Comments Off | ]
5 Myths & 5 Truths About Declaring Bankruptcy

Bankruptcy can be a real solution to some individuals’ financial problems. However, many people have misconceptions about what bankruptcy entails. Here is a look at five myths about declaring bankruptcy, and five truths.
Five Myths About Declaring Bankruptcy
 1. Only Financially Irresponsible People File for Bankruptcy
The biggest myth, or stigma, attached to bankruptcy is the fact that only financially irresponsible people could find themselves in such a situation. Unfortunately, that is not true. Most of the people who declare bankruptcy have been forced to do so due to another reason: losing their …

Headline, Personal Finance »

[25 Nov 2013 | Comments Off | ]
Five Mistakes to Avoid when Buying your First Car

Buying your first car is an exciting milestone, but it’s all too easy to get caught up in that excitement and purchase more car than you can afford. If you’re buying new, you’ll want to keep a firm budget in mind as you start comparing your options. On the other hand, you may spot what seems like a great bargain on a used model, only to find that it’s a dud when you drive it off the lot. In addition to these issues, you’ll want to keep the following common …

Headline, Personal Finance »

[25 Nov 2013 | Comments Off | ]
Australian Startups to Benefit from $800k Funding Program

Australia’s new Coalition government seems to have turned innovation and SMEs into one of their main priorities, judging by the number of events they are associating with and statements its members are making on these topics. Only recently, Communications Minister Malcolm Turnbull turned up to speak at the launch of a privately-funded program, which aims to improve the odds at financial survival that local startups can benefit from. Turnbull took this opportunity to comment on the current status of the startup segment of the economy, thereby reminding audiences of the …

Headline, Personal Finance »

[16 Nov 2013 | Comments Off | ]
Six Tips To Take Control Of Your Financial Situation

When money is tight and there are bills to be paid, it leads to stress. Stress leads to depression, which can lead to more expenses as you desperately try to make yourself feel better and find a way out of the situation. The spiral continues.
No one wants that. To avoid the downward spiral of a poor financial situation, where you have more bills than income and you don’t know how to get out of it, follow these six tips.
1. Create a budget.
Sit down and take an inventory of all your …