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Tell Me Why The Loan Offer is a Giant Red Flag

You would not believe the number of spam comments that people try to get by with. Most of them these days about about getting loans from questionable sources. The purpose of these loan offers is to extract advance fees from consumers who will never get any loan. I just received a comment that made me laugh out loud. Check out …

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Credit Counseling or Debt Management? What Will Work Best for You?

When individuals are struggling with their finances and would like assistance, they often are not sure where to turn and who to trust. Here are some basic definitions of two popular options available: credit counseling and debt management. When credit counseling could be considered: If a person is having challenges following a budget, cannot work out a repayment plan with …

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Your Retirement Checklist

As the baby boomers reach retirement age, many find themselves unprepared for the changes that lie ahead. Planning for the future doesn’t need to be overwhelming. If you are nearing retirement age (or want to start planning ahead), here are a few things to keep in mind as you prepare for and plan your retirement. Make a Will As you …

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Don’t Risk Your Credit Score in Retirement

MoneyTips Retirement represents a new stage in your life. It’s a time of change and opportunity. To make the most of your opportunities, you must make sure that one aspect of your life does not change – your good credit score. A recent survey by the credit bureau TransUnion found that over 30% of Baby Boomers are making mistakes that …

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Are You Financially Unfaithful?

According to this poll from CreditCards.com, 13 million Americans are guilty of committing financial infidelity, and that’s only those willing to admit it! Is your partner cheating financially, or are you the guilty one? Here’s how to spot and overcome financial infidelity: Discuss finances early on. Before entering into a relationship (or marriage), discuss how you will handle your finances …

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Most Republicans Think College is Bad for America

America’s colleges are harming the country, the majority of Republicans now say. It’s a strong downward slide in public opinion that, some experts fear, could exacerbate growing divides among Americans and lead to higher levels of student debt. The conclusion, from a Monday report by the Pew Research Center in Washington, based on a June survey of 2,504 adults, reflects …

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Choosing Beneficiaries for a 401k

Choosing beneficiaries for your 401k plan could be one of the most important decisions you make. It’s not as simple as your HR department might say. Choosing beneficiaries can make a big difference in how your 401k is distributed if you die. Let’s begin by defining 401k beneficiary. According to Dictionary.com, beneficiary is a noun with two definitions. "1. a …

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Top five consumer financial complaints reported across the U.S.

We recently released a special edition of our monthly complaint report that shares what we’ve been hearing from consumers from all 50 states and the District of Columbia.  While everyone’s personal financial situation is different, many consumers experience similar financial issues. Of the more than 1 million complaints we’ve handled since 2011, the top five types of complaints reported by …