What is the National Debt Ceiling, and Why Should You Care?

Not too long ago, the U.S. reached its debt ceiling.  The amount of money the U.S. can borrow from others is determined by law, and Congress has to approve borrowing beyond a certain point.  In the past, the debt ceiling has always been raised to accommodate the growing debt in the U.S.  Indeed, in the past, both parties have been mostly content to raise the debt ceiling.  Now, though, there is a battle brewing as Republicans refuse to vote to raise the debt ceiling.  That means that the U.S. won’t be able to borrow money in order to meet its obligations.
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Credit Sesame Review – Free Credit Score and Monitor Loans and Debts

There are no shortages of businesses that want to help you manage your debt.

Debt is something we all want to have less of and there are certainly a lot of companies out there that make a variety of claims when it comes to helping you out. 

Credit Sesame is another company that makes numerous claims but this company truly is the real deal.

In addition, Credit Sesame doesn’t just focus on band aid solutions; they take a holistic look at your financial situation and make suggestions that are long-term, not quick fixes.  See more below in this Credit Sesame review.Continue Reading

Should You Cancel That Credit Card?

Ever since the financial crisis in 2008, and the resultant recession, there has been a renewed interest in canceling credit cards and getting out of debt. Additionally, the upswing in fees from many credit card issuers has prompted some to want to cancel credit cards in order to avoid those fees.  Many card issuers are instituting annual fees, leading even the most responsible and conscientious card users to feel the costs of credit card spending.

However, just because it’s tempting to cancel your credit card, doesn’t mean it’s always a good idea. Before you cancel your card, consider the effect that a cancellation could have on your credit score.Continue Reading

What is Private Mortgage Insurance and Why do you Need it?

Private mortgage insurance (PMI) is an insurance policy required by a lender that a borrower must purchase if the borrower has less than 20 percent or more in down payment when purchasing a home. The lender is in a safe position against default when the lender’s investment is 80 percent or less of the home value.  Private mortgage insurance is included in the monthly mortgage payments.

How does the borrower benefit from private mortgage insurance?

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Can Your Loved Ones Inherit Your Debt?

Stack of Money

There is an alarming trend that shows more and more people are carrying their debts into retirement with them. Some of these people are intentionally increasing their credit card debt with no plans to pay them off.  Their reasons vary from necessities of life to vacations and everything in between, but this leaves their loved ones with a question that needs answering – can family members inherit debt?
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How to Avoid Free Trial Scams and What to Do if You Suspect You are a Victim

With the economy still stuck in limbo, many people have been looking for a way to save money and cut back where they can. Couponing has had a boost in popularity lately, and deal websites like Groupon and Living Social have been thriving.  Along with these trends, people have been increasingly signing up for free trial offers.  “Try before you buy” has allowed many consumers to give a product or service a test drive before purchasing.  As sweet as that sounds, the FTC has some concerns and want you to be aware of potential scammers, taking advantage of you.
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College Grad? Professionalism is Critical for Landing a Job

Professional appearance

There are a number of people lamenting the demise of professionalism, and bemoaning the lack of formality amongst the rising generation. While few hiring managers and employers actually expect a college student to be super formal, many of them would like to see a little more professionalism.  If you are about to attempt to enter the workforce with a newly minted degree, here are some tips on improving your image as a professional:Continue Reading

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