The Financial Impact of Identity Theft and How to Protect Yourself

The US Federal Trade Commission estimates that 3 million Americans have recently experienced the illegal use of their credit cards. In 2013, Javelin Research determined one incident of identity fraud takes place every three seconds, and fraud incidents increased by 1 million consumers with 21 billion dollars stolen. Identity theft occurs when a hacker or unauthorized person […]

Money Saving Tips for Spring Break Travel

Vacations have many benefits, which include improved mental and physical health, closer family ties, and a new perspective. You may have the desire to take a vacation, but hesitate because holidays cost money. When you have tight finances, it can be tempting to avoid days off from work to prevent from falling further behind financially. […]

Millennial Money Myths and The Truth Behind Them

Millennials have a reputation of ineffectively managing finances. However, eighty percent of them carry cash, and forty-two percent writes checks. Entering the workforce during the Great Recession created a more conservative approach to major life milestones and even debt management. The Millennial Generation Ranging between 18 and 35, they have recently surpassed the Baby Boomer […]

Credit Activity That Scares Lenders

The process of getting a loan is intimidating because you know the lender will judge the past financial behavior to determine if you qualify for a new loan. Yet, past actions do not always predict future performance. Consumers can unwittingly take actions that send red flags to potential lenders and could prevent them from approving […]

A Guide to Home Buying Closing Costs

Buying a home involves two major costs to the buyer: the down payment and closing costs. When you begin the loan application process, the law requires the lender to provide a Good Faith Estimate (GFE), which estimates closing costs and includes both bank charges and third-party fees. A better understanding of closing fees can save […]