Archive for the 'Uncategorized' Category

 What is a Credit Score Hard Pull?

By Melinda Opperman When your credit report is pulled for any reason, it is counted as an “inquiry”. There are two kinds of inquiries; hard and soft. A hard inquiry is when your credit report is pulled by a financial institution for credit purposes. That is, if someone is considering whether or not to give you a [...]



 Complete a Financial Check-up
Before Beginning Holiday Spending

By Gail Cunningham The NFCC encourages consumers to be aware of their current financial situation before beginning holiday spending, and provides the 2014 Holiday Financial Reality Check-up to evaluate their readiness to take on new debt. Consumers may still be receiving the summer vacation and back-to-school bills, but should not lose sight of the fact [...]



 Leave Behind the Paycheck to Paycheck
Struggle and Build up Your Savings

By Mark Foster People who are living paycheck to paycheck are basically living in financial survival mode which is a stressful, exhausting, and a dangerous way to live. Fifty-nine percent of adults age 44 or younger do not have even $500 saved, according to the Social Security Administration. It wouldn’t take much of an emergency [...]



 Poll Respondents Admit Personal Finances
Keep Them Awake at Night

By Gail Cunningham Close to four in five respondents (79%) to the NFCC’s July poll admitted that their personal finances keep them awake at night. The second highest number of responses came in a distant second, with 13 percent indicating that they sleep like a baby. The remaining choices were marital concerns, job security, and [...]



 Read Contracts Carefully Before Signing

By Jason Alderman If you always stop to read the fine print before signing anything, congratulations – your parents trained you well. If you don’t, beware: Your signature could commit you to a long-term gym membership you don’t really want, an apartment you can’t afford, or worst of all paying off someone else’s loan you [...]



 Financial Essentials Checklist
for the College-Bound

By Gail Cunningham Many young adults are leaving home for the first time, yet remain ill-prepared to independently manage their personal finances. This is predictable considering that less than one-half of the states mandate a course in personal finance as a requirement for high school graduation. Further, the 2014 NFCC Financial Literacy Survey revealed that [...]



 Look at the Big Picture

By Mark Foster Impulse spending can land us in hot water. Buying a TV or digital camera because it’s on sale and we want it now can create problems for us if we don’t first look to see if we can afford it. Many people do stop and think before making a big purchase. However, [...]



 Smart Savings Advice For College Students

By Lauralynn Schueckler College students have a lot to worry about these days like classes, tests, schedules, roommates, partying, etc. That could be why so many college students put budgeting and financial matters on the “back burner.” The problem is that young people often don’t understand that they are setting themselves up for financial failure [...]



 Urban Institute Study Raises the Question
Why People are not Reaching Out for Help

By Gail Cunningham The recent study released by the Urban Institute reveals that 35% of Americans have accounts in collections. So what keeps consumers from reaching out for help? NFCC member agencies assisted more than 1.5 million people last year with their financial concerns, but that is a only a fraction of the 77 million [...]



 Popular Money Advice You Shouldn’t Take

By Mary Hunt Money advice—it’s available everywhere. But that doesn’t mean you should take it. The wise person knows how to separate the good from the bad. Here are a few timely examples: Bad advice: Do not save money for yourself until you have paid off your credit cards. Direct every cent you can scrape [...]