Announcements

For many people, a mortgage represents the single largest credit source they will ever use. With houses costing hundreds of thousands these days, applying for a mortgage can be a scary thing. Know this though: shopping around is wise. Anyone planning to purchase a home in the near future would do well to start shopping for mortgages well before they begin looking at properties. The truth of the matter is that not all mortgages are alike. Furthermore, not all of them represent good deals. Some of them are downright bad deals that should be ignored entirely. The thing is, you will not know unless you shop around. Shopping for mortgages is a lot like shopping for car insurance. Still not … Read more

People need money for different purposes and goals, and sometimes being short on money can cause distress and waste opportunities. Not everyone has emergency savings and debtless bank accounts, most people need to borrow money at some point in their lives. Loans are being taken out constantly to cover urgent bills and consolidate their accounts. Taking out a loan has always been a double-edged weapon; it could turn your life around for the better or the worse depending on how you plan your decisions. There are some tricks that you should be aware of before you apply for a loan. We’ll cover the best 3 tips that could help you understand the bigger picture.  1. Identifying the Reasons The first … Read more

Oh, college. It’s the time where many new adults gain a semblance of independence from their parents. College is synonymous with everything young, with education pretty far down on the list. And, students need to learn personal finance for college students. In many instances, it is the time to make mistakes and form your adult habits that, whether good or bad, tend to carry on into the later years. One aspect about college that is often overlooked is the complete lack of financial responsibility among college students. High schools across the world put an emphasis on classes such as trigonometry and advanced placement literature. Very little of their time and resources are spent giving practical knowledge like how to save … Read more

For most people, the word “bankruptcy” is the scariest term in the financial vocabulary; except perhaps for “Great Recession” or “IRS audit.” Granted, filing for personal bankruptcy is a dramatic step that has significant, far-reaching consequences. It’s not something anyone feels great about. There are no bankruptcy parties, or “congratulations on filing for bankruptcy!” cards (not even the cheesy or sarcastic e-card variety). However, with this being said, there are some enduring myths about personal bankruptcy that prevent some people who should head down that road, from doing so and eventually restoring their financial health. Here are five costly personal bankruptcy myths that you or someone you care about should steer clear of… Myth #1: If you file for bankruptcy, … Read more