Posted June 20th, 2011
by Jessica Goodenough
Creating a financial plan is a necessary tool in planning for a successful future. The first step is to create a rough outline of what your end goals are and a few targets to get there along the way. The following are a few things you need to keep in mind when drafting your first outline.
First, you need to gather your monthly bills such as; credit cards, cell/home phone bill, cable/satellite, insurances, mortgage and utilities. These bills are necessary as they keep your home running and your credit score inline Secondly, determine what weekly/monthly expenses are necessary such as; gas, groceries, and janitorial supplies and daycare if applicable. The last set of expenses come from luxuries; cigarettes, alcohol, dining out and shopping trips to the mall.
Necessary Evils
If you are a home owner, you need to consider yearly upkeep.
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Tags: Financial, Financial Health Posted in Debt Consolidation Online
Posted June 20th, 2011
by Amber Cattanach
A new Center report in January by the National Consumer Law accused issued profit university students saddled to unregulated private-label student loans for students who have the power of the high interest rates, high debt and predatory loan terms that make it difficult for these students success.
The report, titled “E” insist on: The growth of loans and the consequences for their own schoolStudents> describes the boom in the last three years, private student loan programs offered by schools, not as third-party providers. Institutionalised this way loans are offered by private “schools”-for-profit universities, schools, careers and training programs.
Federal vs. Private Education Loans
Most student loans are two types: federally-fundedStudent loans, secured and controlled by the USSR Ministry of Education and non-federal private student loans issued by banks, unions, credit and other private lenders.
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Tags: Label, Student Loans Posted in Financial Tips
Posted June 20th, 2011
by Jessica Goodenough
Moody’s Investors Service says the U.S. risks losing its top AAA credit rating if it defaults on its debts–even for a short period of time. The service states Congress needs to find a way to raise the nation’s debt limit soon to stop the worst from happening.
In an interview with Bloomberg News on June 21, Moody’s senior credit officer, Steven Hess, explained that a missed debt payment could result in a fundamental change in the U.S. credit rating.
He said, “Up until now, our assumption was that the risk is virtually zero of them ever missing an interest payment.” But now that lawmakers seem to be having problems coming to a consensus on how to avoid default after the $14.3 trillion debt ceiling was reached in May, Moody’s fears that missing payments is a real possibility.
Hess went on to explain, “If they actually miss a debt payment, then it’s a fundamental change,” meaning that a downgrade is not only possible, but probable.
Moody’s warned lawmakers on June 2 that it would put the credit rating under review for a downgrade unless there was progress on increasing the debt limit by the middle of July.
It may seem harsh that the U.S. could lose its AAA credi
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Tags: Aaa Credit, Aaa Credit Rating, Credit Rating, Default Posted in Debt Consolidation Online
Posted June 18th, 2011
by Amber Cattanach
Millions of those who may be looking to reduce debt but still keep a credit card account for emergencies may have received offers for a new business account in recent months. However, these cards do not offer the same protections from predatory lending practices as those for consumers.
As such, a group of four U.S. Senators recently urged the Federal Reserve Board to increase the disclosure requirements for these accounts, specifically mandating that the offers reveal that the cards do not come with well-known protections, according to a report from Dow Jones Newswires. Full Articles…
Tags: Business Cards, Cards Posted in Financial Tips
Posted June 13th, 2011
by Jessica Goodenough
On the Internet, as with real life, you can never be too careful. Your information should stay private, and on your own computer. However, through wireless internet that isnt protected, anyone can access your information. Ditto for using a public computerif you dont remember to log out of sites that require password information, then anyone can change yours, therefore locking you out of it.
Hackers begin anywhere, such as with your e-mail address. From there, they can access online account summaries and statements, and also request password reminder emails to access other sites on the web that are tied to the email.
With the craze following Google wallet, it is only a reminder to all internet users that passwords and accounts must be kept at a top level of privacy.
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Posted in Debt Consolidation Online