Your credit scores can have a major impact on several areas of your life. These scores, which are calculated from the information in your three credit reports, determine where you can live and which loan terms you receive from lenders. Credit scores can even affect the type of job offers you receive. If you have poor credit scores, the good news is that they are not permanent. You can always adopt new personal finance habits to improve your credit scores. The following personal finance habits may help you achieve this goal. Pull your credit reports often. Pull your credit reports as often as possible. You can pull your reports from Equifax, Experian and TransUnion once per year for free. However, you should try to pull these reports twice per year at a minimum. If you are able, try to pull your credit reports once every four months. Look for mistakes,…
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Former and present members of the military are highly regarded by lawmakers and the American public. Federal lawmakers have created multiple programs that can help active duty personnel and veterans pursue a higher education. Perhaps most famously is the G.I. Bill, which provides multiple types of benefits. The G.I. Bill has undergone multiple changes over the years. There are additional educational and student loan repayment options for active duty members and veterans. Use the G.I. Bill: You may be eligible to use G.I. bill benefits, which can provide tuition, housing and school supply assistance. However, depending on when you left the service and other factors, your eligibility and the amount received may vary. For instance, President Trump signed the Forever GI Bill into law, which made some changes to how aid is disbursed. G.I. benefits can be used in conjunction with federal student loans. Repayment assistance programs. Multiple student loan…
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There are multiple types of mistakes you could make while repaying your federal student loans. You could make late payments or pay the wrong amount. Another common mistake is not utilizing income-based repayment programs while experiencing financial hardship. However, you should also be aware that there are mistakes you could make while talking with your loan servicer. These are companies contracted by the Department of Education to collect payments on loans and answer inquiries. There are general mistakes and major mistakes you could make with your student loan servicer. Forgetting to update your address information may not be a big deal if your servicer has a copy of your email or phone number. More serious mistakes could cost you hundreds or even thousands of dollars. Mistake #1: Not Keeping Records Student loan servicers are notorious for making mistakes. Borrowers have reported their servicers lost paperwork, applied the incorrect amount for…
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*Credit card payments will not be accepted for bankruptcy cases, unless pre-approved by The Sader Law Firm. If you have a question about a credit card payment, please call our Office Manager at (816) 561 1818.
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