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What is a Credit Builder Loan and How Does it Work?
A credit builder loan is a financial product best suited for consumers without a credit score or those with low scores. They provide an opportunity for those just getting started to build credit or for those with a negative credit history to demonstrate a positive payment history. Credit builder loans are typically not offered by […]
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5 Ways to Prevent Senior Financial Scams
Senior financial scams are a growing problem nationwide. Your aging loved ones may have spent a lifetime saving for retirement, but they could lose it all if they fall into the hands of the right con artist. Consider these startling statistics: Older adults lose approximately $2.9 billion each year from financial scams and exploitation, according […]
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Why Non-Profit Debt Relief Matters
If you’re looking for non-profit debt relief, you may have noticed that there are a lot of companies and services competing for your attention. In the online space, there are many competitors offering debt relief options. Some of them are helpful and some could take advantage of you during a vulnerable time. So how do […]
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6 Easy New Year’s Financial Resolutions
Last year was, well, rough with a pandemic, job losses, civil unrest and more. It’s no surprise that as we moved into 2021, nearly 40% of Americans expected they’d be in “survival mode” by 2021, according to the Fidelity Investments’ 2021 New Year Financial Resolutions Study. More than two-thirds of Americans faced financial setbacks in […]
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Talking With Kids About Money This Holiday Season
It has been a stressful year and some of us feel like we have been through the wringer. We adults have the advantage (or maybe not) in regard to this past year. We know why we can’t go to the grocery store without a mask. We understand why we can’t visit the grandparents’ home anymore. […]
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How Gratitude Can Change Our Financial Outlook
Gratitude: noun The quality of being thankful; readiness to show appreciation for and to return kindness. During this extended season of the pandemic, I feel like I’ve lost all sense of time. The days of the calendar meant absolutely nothing to me. I’m one whose senses are the strongest indicator of what season I’m in […]
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How to Budget for 2021 After a Year of Uncertainty
This past year hasn’t been easy for just about anybody. The COVID-19 pandemic, historic job losses, racial unrest and a turbulent election season made for an incredibly challenging year, including on our wallets. Building a Budget for 2021 In October, the Congressional Research Service, part of the United States Congress, estimated that half of all […]
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Are There Still Options For Financial Relief as We End 2020?
We’ve heard all the catchphrases; unprecedented times, new normal, ubiquitous; uncertain times. These words are meant to convey the gravity of the present global situation, but there have been moments of comic relief, like when Justin Trudeau said that face masks can prevent us from “speaking moistly”. Options for Financial Relief What’s not so humorous […]
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How to Cut Holiday Shopping Costs and Avoid Holiday Debt
Americans will spend, on average, $805 on Christmas gifts this year, down from $942 in 2019, according to a new poll from Gallup. Nearly 30% of Americans say they plan on spending less on holiday gifts this year than last year. The drop and desire to cut holiday shopping costs is, no doubt, in large […]