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How Do I Get a Free Credit Report?

The information on your credit reports is compiled by the three credit bureaus (Equifax, Experian and TransUnion) to help lenders discover whether you are a credit risk. Your credit reports could show previous and existing loans, late payments, wage garnishments and credit inquiries. These are only a few examples of what might be contained within the reports. If your credit reports show a history of defaulting on loans, late payments or judgments, then it will be much more difficult to access credit. Our entire society runs on credit, so it is important to know what information is contained within your credit reports. Once you have this information, you can contest errors or develop strategies to repair your finances. Fortunately, are owed a free credit report each year from the three credit bureaus. How Does AnnualCreditReport.Com Work? The three credit bureaus operate AnnualCreditReport.com, the only website where you are guaranteed free…
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Five Personal Finance Habits That May Improve Your Credit Scores

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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Ways to Rebuild Credit Following a Bankruptcy

People file for bankruptcy for any number of reasons. They may have used credit cards a bit too often. A recent divorce or death in the family may have made times difficult. Or, a string of bad luck involving unemployment and unexpected medical bills may have led to financial problems. Bankruptcy may be the best opportunity for someone to reorganize their finances so that their future earnings are going toward upcoming expenses instead of past mistakes. Even though filing for bankruptcy is a major decision, the financial improvements you see should start immediately. However, those who file should also be concerned with overcoming the negatives associated with it. A recent study showed that, over time, people who file for bankruptcy match non-filers in important measures like home ownership, savings, and credit card use. If you are considering filing for bankruptcy, a Kansas City bankruptcy attorney can explain the effects of…
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What are the Best Professions for Student Loan Forgiveness?

Americans owe $1.26 trillion in student loan debt, with the average monthly student loan payment being $351, according to The Center for Microeconomic Data. These payments are even tough for people with well-paying jobs, and the loans can become particularly overwhelming in the event of unemployment, divorce, illness or injury. However, there are a number of professions that offer student loan forgiveness. There are two main programs that offer loan forgiveness for many types of jobs that fall into the public-service sector. Keep reading to learn more about these main programs, as well as some additional specialty positions that have help available. What are the Main Student Loan Forgiveness Programs? Federal Perkins Loan Cancellation: This program is available to a number of occupations with additional eligibility requirements for each. Eligible professions include firefighters, law enforcement, corrections officers, nurses, medical technicians, VISTA or Peace Corps volunteers, librarians for certain schools and…
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