Financial Foundations

Good credit is important in America today because so many of the things that we want
to buy must be financed or purchased on credit.
And once you have had a bad credit rating it is almost impossible to avoid detection.
A network of credit reporting agencies keeps track of every person who buys on credit.
Each time you [...]

Fooled into satisfaction by the fact that they can make a larger down payment on a new home with funds received from the sale of their “old”, some sellers fail to address negatives on their credit reports and thereby suffer such consequences as higher interest rates and additional costs associated with obtaining their new home [...]

Here is a great article and video on Reverse mortgages, from MSNBC.

Imagine getting a check each month instead of writing one
REDFORD, Mich. – For 88-year-old Mort Linick, a red scooter symbolizes financial freedom. He bought the scooter with money he and his wife, Fran, get from the mortgage company, instead of sending the mortgage [...]

WHAT JUST HAPPENED?
How did Americans progress from being the world’s economic leader to becoming the world’s economic anchor?
Friends and clients keep asking me, “What happened? Three years ago our economy was booming and our home values were rising at an intoxicatingly dizzy rate.  Last October, the US stock market was making historic highs. Today, home [...]

When I read an article like this one, it makes me glad that I am in a position to help people deal with their credit issues and end up in a much better and more secure position…
Steve
www.CreditRestorePros.com

After subprime fiasco financial sector to undergo ‘massive consolidation’

Reuters

NEW YORK – A “credit recession” sparked by the U.S. housing [...]