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Doing A Wedding On A Budget

Will you marry me?    That magical phrase is shared between two people in love every day whether it be on a baseball scoreboard or with the entire family watching on in the living room.    Today student debt for Generation Y graduates is approaching an all-time high.  About two-thirds of college grads in the Class of 2013 will graduate with some student loan debt. The average debt for these students is about $28,000. (source: www.usatoday.com).  The real question couples should be asking when they tie the knot is “Am I marrying you or your debt?”   It’s important to have these discussions as financial items including your credit score can have an impact on loan status and job employment as you grow your future together.    If you both agree that money is tight, what are the best ideas on how to do your wedding right but still have fun within a reasonable budget?   Here are five smart money moves tips for you ...

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Where Can I Get An Unsecured Line Of Credit?

In the past five or six years, many Americans may feel like getting a line of credit parallels to being at a David Copperfield magic show, at one time, you could easily get free offers in the mail to consolidate your debt or gain access to easy capital, but the days of capturing an unsecured line of credit have all but vanished into thin air from our banking system. It’s hard enough to acquire new capital if you are a small business owner as you practically have to give your left arm or right eye, and personally guarantee everything you own just to get your hands on some much needed funds. Even worse, if you are an individual with a small amount of personal debt from $5,000 to $25,000, going straight down to your local bank to get these funds can be just near impossible. However, for both investors and debtors alike, every time there is a serious problem it ...

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Different Types of Credit Scores: Which Are You Getting?

As someone who has owned/operated a credit message board for 4 years running, I get quite a bit of feedback from consumers. Based on that experience, if I had to pinpoint the #1 most confusing and least understood topic within this niche, do you know what it would be? Credit scores. And my reason for saying that may not be what you think. Sure, a credit score is cryptic by nature, since its formula is a secret. But that’s not why it’s so misunderstand. Rather, the reason credit scores are confusing is because most websites that sell scores are misleading consumers. FICO vs. everyone else If you go apply for a credit card, mortgage, or car loan, there’s a good chance the creditor will be using your FICO score as part of their decision. FICO (formerly known as Fair, Isaac and Company) has been around since 1956. They were the first in the credit scoring industry. During FICO’s first couple decades, the ...

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Why Refinance Back into a 30-Year Loan?

Refinance Your Mortgage for Rate and Payment Reductions Atlanta, GA – One of the biggest reasons homeowners refinance their mortgage is to obtain a lower interest rate and lower monthly payments. By refinancing, the borrower pays off their existing mortgage and replaces it with a new one. This can often be accomplished with a no-points no-fees loan program, which essentially means at “no cost” to the borrower. In the no-points no-fees scenario, the mortgage consultant uses rebate monies paid by the lender to pay off non-recurring closing costs for the borrower. These are “one time” fees such as escrow or attorney fees, title insurance, document preparation, tax service, flood certification, processing and underwriting fees, etc. The borrower is still responsible for recurring fees such as interim insurance, property taxes or insurance policy payments. Refinancing typically occurs when mortgage interest rates drop significantly, but borrowers with recently improved credit scores (from paying off credit card debt, making mortgage payments on time, ...

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What If I Need A Cash Advance?

It is never fun being behind on paying your bills.  With more and more people living paycheck to paycheck, we often get the question, “what happens if I need money in a pinch?”   That question can spur many different responses based upon your individual financial situation, but what happens if you have to look for some sort of cash advance to hold you over until the next paycheck.   Obviously, you want to exhaust all of your options before you go for the cash advance.  We don’t recommend cashing out of retirement plans like your 401(k) as many people will when they look for cash as the taxes, penalties, and loss of compounded interest on your money could be detrimental to your long term retirement plans.  I need a Cash Advance – So, what to do? There are many companies that offer these types of programs to get a small loan between $100 and $1,500.  For example, companies like CashNetUSA are ...

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