Why You Have Different Credit Scores
By Janet Folkerts You are probably aware from my previous lessons that you should be pulling all three of your credit reports twice a year. Even better, with identity theft growing so fast, pull should your report every six months. Remember you can pull your own report every other day and it doesn’t cost you any points or penalties, however if a lender pulls your credit reports it...Different Generations Hold Different Val...
By Janet Folkerts As a personal credit assessment planner I come into contact with all ages of individuals facing daily challenges involving debt, credit and home ownership issues including foreclosure. What I find interesting is how the different age groups hold different values or rather priorities. Understanding those differences can be very valuable in itself. As a senior I...Lessons In Debt, Credit And Home Ownersh...
By Janet Folkerts If you have children they are probably already selecting their costume. Halloween traditionally is appearing like something we are not. The credit card companies have been celebrating that tradition for years, and that is really scary. Today’s lesson is no trick, and I hope will be received by you as a treat. Credit card balance transfers cost more as issuers...Cashing In On Your Talent
By Janet Folkerts You are aware of the high unemployment nationally and here is what you can do about your personal financial crises. The commercials sing that it is time to think beyond the money, and think about personal values. As further support, found in an investment article a current trend referred to as P I E C (Personal Income Earning Corridor). Basically cashing in on your...What Kind of Information Is On Your Cred...
By Janet Folkerts A question that comes up often when we are doing educational presentations on debt and credit is, “How does information get entered on my credit report?” Most people when they pull their annual reports can’t read them, so not understanding how they are created is not uncommon a question. Your personal data is typically submitted to a credit reporting agency by...How To Count The Ways – In Foreclo...
By Janet Folkerts Foreclosures are still rising and families are still walking out of their homes leaving behind possessions, memories and taking only a broken heart and spirit. The housing industry hasn’t hit bottom yet, and is expected to continue dropping for at least the next two years. All of this is not news, however, there is also a growing awareness of the bank fraudulent...Helpful Tips on Building a Household Bud...
By Janet Folkerts Be realistic. Sure, we could all save a bundle if we didn’t have to eat or entertain ourselves. You can cut your grocery bill by up to 15% or so, but a 25% or more reduction in spending is just unrealistic. Plan on spending some money on entertainment, everybody needs some reward You’re budgeting your money to save money. You’re doing this for a...FISHING or PHISHING – Both Require Bait ...
The crooks are smart, you must be smarter – learn, then live a more profitable and enjoyable life. Some things are elementary, as the famous detective referred to when in search of solutions. From World News comes the following tips. 1. Hold on to your passwords if you want to stay safe on the Internet. Of course, you need those passwords to access your bank, your e-mail and sites...Collection Letters: SILENCE = Agreement ...
You may have at one time or another received in the mail a letter from a collection agency. These letters are wonderful opportunities that few people take advantage of. If the collection agency wants to appear to be following the law the following words are enclosed to inform you the notice is coming from a debt collector. Their reason for contacting you is an attempt to collect a...Community Resources Come Together For Fi...
Thirty-five community case workers attended a Healthy Families Polk Retreat at the Circle B Reserve, 4399 Winter Lake Road, Lakeland, on Wednesday, July 14, to learn how to assist their clients in acquiring better personal money management skills. To learn how to live inside their current income, structure a plan to get out of debt, and raise their credit scores. Margo McGill from...Growing Your Own Money Tree
I recently spoke with a representative from a local college wanting to establish scheduled classes to teach “Daily Personal Money Management.” The request came from the demand of students for education in how to live paycheck to paycheck. The college was not looking for a financial advisor who is trained in long-term investments, stock portfolios, and retirement planning. The need...Are You Eating Up Your Profits?
Are you eating up your profits in your home business? No, I am not referring to the regularly perceived “home based business.” I am referring to your home business. Few people realize your home is just like a regular storefront business. Your home must make a profit to keep its doors open. If homes were managed under the same basic business rules as a storefront businesses,...Clearing Out Financial Clutter
You are ready to get your financial house in order. Congratulations! However, even though you are motivated, you find yourself knee deep in paperwork and really don’t know what to keep and what to pitch. You are on the right track, your goal to take control of your money starts with getting organized. Today’s lesson is about clearing out financial clutter in setting up a structured...How Can I Stop Debt Collector’s Ca...
With a basic understanding of your rights under the Fair Debt Collection Practice Act (FDCPA) you will no longer have to put up with debt collector’s abusive, unfair, or deceptive practice while attempting to collect money from you. 1. Understand and know exactly WHO is attempting to collect money from you. Under the FDCPA, a debt collector is someone who regularly collects debts...How To Conquer The Spending Urge
Get ready, get set GO! You charge ahead into the stores staged for your arrival. You charge up the aisles one by one in search of the right gift. You charge through the crowds with determination to get that last special item on the shelf before anyone else grabs it. You get to the cashier and in a breathless whisper, using what energy you have left, once again, you charge your...Can You Read It Now?
Lessons In Debt, Credit And Home Ownership You may be one of those people who once you pull your credit report all you know how to read is the three digit score. You are told to pull all three of your credit reports a minimum of once a year. Since identity theft is the fastest growing crime in America, it wouldn’t hurt to pull it every six months, but you still need to understand...Become The BIGGEST LOSER of Debt
Lessons In Debt, Credit And Home Ownership Often when people call Spectrum Resources who have been referred by United Way of Central Florida or one of the many other social service organizations, they think the word ‘Resources’ means ‘MONEY Resources’. When I respond with the fact that we don’t provide money, the wisp of hope disappears from their voice and then they...Five Basic Ways To Protect Your Credit S...
If you have recently applied to modify your loan or apply for a new loan you have been confronted with the reality of your credit score. The credit world has set the bar higher, and what was acceptable a year ago is not today. Today, any 600 score is barely passing they want 700+. The credit score is a ‘Risk Factor’ combined with the individual lender’s criteria in...Local Counseling Agency Receives $10,000...
Local Counseling Agency Receives $10,000.00+ Scholarship To Attend Special Credit Repair Training Local debt, credit and home ownership counseling organization Spectrum Resources And Development Center, Inc. which has served Polk County families for eight years, received from Michael Citron, CEO of DisputeSuites, a Gift-In-Kind scholarship valued at over $10,000 for Janet Folkerts,...Your Financial Bucket List
Lessons In Debt, Credit & Home Ownership You may have watched the movie about “The Bucket List.” You know that list of things we want to do before we kick the bucket. An insightful movie about human nature. All of us have a bucket list of some kind. As a trained counselor of debt, credit and home ownership issues, I hope that movie motivated people to create a...From the Publisher, Marialice Quinn
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