The Impact of Interest

By |2019-04-18T10:52:24-04:00April 18th, 2019|Uncategorized|

There are some who believe that financing is evil and that it’s foolish not to pay cash up front for all of your needs. Logically, you can understand this argument. In reality though, the demands and desires of life don’t fit neatly in to that box. So, how can you try to minimize interest charges [...]

Beware of the Credit Traps

By |2019-02-18T16:39:53-05:00July 10th, 2018|SweetPay|

The reports of snail mail’s death have been greatly exaggerated! Why? Just look at all those offers for credit or personal loans that show up. You can also turn on Sirius XM radio and get a steady dose of commercials touting online lending offers. While most are legitimate and can actually help, some are traps. [...]

Credit Decisions for Dummies

By |2019-02-18T16:28:40-05:00May 19th, 2018|SweetPay|

Let me be clear - In no way are you a dummy! But, how credit decisions are made by a bank or lender can make you dumbfounded. While every person’s credit report has similar data categories – credit limits, account balance, monthly payments, credit inquiries, etc. – what a bank looks at when considering issuing [...]

The color of money and why you should care

By |2019-02-18T16:18:01-05:00May 9th, 2018|SweetPay|

The phrase, “Color of Money” is most commonly synonymous with the 1986 movie starring Paul Newman and Tom Cruise, but is considered to be a phrase used way back when to see what type of money someone actually had – that they were good for whatever the need was. Money comes in many forms. What [...]

Making sense of all the rising debt chatter

By |2019-02-18T16:19:15-05:00March 30th, 2018|SweetPay|

Some journalists have been sounding the rising debt alarm bell. While I’m not worried about current debt levels, I do take solace in the concerns being raised, as there was none of that pre-2008. What I will attempt to do in this post is to break household debt down for you.  The Federal Reserve Bank [...]

One sure way to lower your interest payments

By |2019-02-18T15:31:15-05:00March 13th, 2018|SweetPay|

So, your credit score is nothing to write home about and you really need (or want) that large purchase. You can fit a personal loan payment in to your monthly budget, and making timely debt payments helps to improve that credit score, so that you can eventually write home about it! But, you cringe at [...]

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