Let’s be honest: online credit repair has gotten a bad rap. Google “credit repair scam” and you’ll find thousands of sites dedicated to denouncing all credit repair companies, regardless of their reputation. To be fair, there are a few bad apples on the tree; companies that promise results, charge high fees, and do little to help your cause. But what about the good apples? Not all credit repair companies are created equal, and paying attention to online ads can be a valuable resource if you want to improve your financial life. Read on to learn why you shouldn’t ignore credit repair ads.
Things are looking up for the housing market according to Barclays 2013 outlook report. Thanks to lower interest rates and a lag in foreclosures, home values are expected to see a 6 to 7 percent gain this year, and another 5 to 6 percent by 2014. If you’re anxious to make a move before the market rebounds, keep the following “traps” in mind along the way. While you may be searching for a good deal, forgetting the pitfalls of homeownership could hurt your credit repair efforts.
American billionaires are sending a solemn message regarding U.S. stocks. Warren Buffet, George Soros, and John Paulson are among the uber-wealthy investors who are choosing to move their money out of American companies like Kraft Foods, Johnson & Johnson, Procter & Gamble, and JP Morgan Chase.
Despite the market’s improvement in the first quarter, these billionaires are seemingly disappointed with overall company performance and skeptical of future earning potential. With so much money on the line, how do they decide?
This development raises an important issue for every investor. Stocks represent a portion of any retirement portfolio, and their performance can mean the difference between early retirement and working into your 70’s. As we’ve discussed, savings and credit repair are symbiotic; the more money you save, the less risk for credit repair; the better your credit, the more you’ll save.
So, should you go the way of Mr. Buffet? Is it time to sell your stock? If you are considering a change, keep the following tips in mind and discuss them with your financial planner. Vigilance is the best way to avoid credit repair on every financial level.
Consider selling your stock if: …
Retirement planning is an important subject, one we’ve covered in favor of our younger blog readers. The 20-somethings in the workforce have plenty of time to arrange their investments and plan their Golden Years. If you are approaching the end of your career, however, a lack of savings could send you into a panic. What should you do if you cannot afford to retire? Should you resign yourself to a life of labor, or is retirement still in the cards? While there isn’t a single answer, keep the following tips in mind in the days to follow. Why work for the rest of your life?
If you want to retire:
We’ve all been seduced by a seemingly good deal. Retailers spend millions each year on marketing strategies to gain your business. They offer discounted rates on monthly services, no interest for 12 months, etc. Unfortunately, when the inflated bill arrives on month 13, you may be thinking, “Wait a minute; I didn’t sign up for this!” Or did you? The fine print tells an interesting story in every user agreement. When you sign up for temporary savings, you may also be agreeing to larger price tags down the road. When it comes to credit repair, debt reduction, savings, and credit utilization are imperative. Don’t skim the Terms and Conditions the next time you shop. Keep a watchful eye on the following agreements:
Our clients saw over 4,800,000 negative
items removed from their combined credit reports last year.