Photo Credit: Tax Credits via Compfight cc To poor or financially struggling Americans, the Payday Loan often seems like the only alternative to their cash flow problems. Payday loans are those small loans that are advertised as an easy way for cash-strapped people to survive until they get their next paycheck. These loans are available […]

Everyone knows that credit score affects one’s ability to purchase a home. Higher credit scores mean lower mortgage interest rates. Many consumers have low credit scores as a result of unpaid medical expenses. These derogatory entries on a consumer’s credit report can affect a credit report, undesirably, by 100 points or more.   The current FICO model fails […]

Giving your kids an allowance is a great way to teach them how to manage money and save for the future. There are two main ideas about allowances. Some parents believe kids should earn their allowance by doing chores. Others think that chores should be done because it’s a family responsibility, and allowance should be […]