(Editor’s note: Jane McNamara, GreenPath president and CEO authors a credit advice column “Let’s Talk Credit” with www.creditcards.com, answering weekly questions on credit and debt. This week she talks about credit card settlement.)
Gas prices are on the rise again (up some 30 cents per gallon in the Midwest, this past weekend!), which can eat into your monthly budget. Also, the approaching summer months are the time for weekend road trips and longer vacation travel.
(Jane McNamara, GreenPath president and CEO, authors a credit advice column “Let’s Talk Credit” with www.creditcards.com, answering weekly questions on credit and debt. This week, Jane discusses payment options on credit card debt.)
by Andrew Johnson, GreenPath communications manager
We all want to save and coupons can offer real savings at the grocery store. However, getting caught up in the coupon clipping craze can cost you.
My sister used my credit card without my knowledge. I had stopped using the card and was unaware she was using it. She did not pay on time each month and now that I am trying to buy a house, the late payments are affecting my credit score. (The account is now current). Is there anything I can do to get her activity with my card off of my credit report? — Renee
The National Foundation for Credit Counseling (NFCC) recently surveyed peoples’ opinions of their mother’s personal finance skills. An overwhelming majority, 67 percent, saw their mother as either someone who is intimidated by money, views managing money as a necessary evil, or has never managed money.
(Recently, GreenPath President and CEO Jane McNamara started writing a column for CreditCards.com on credit and debt issues. The first column appears below.)
It’s Money Smart Week across the US! GreenPath Financial Wellness has three special webinars this week and, for our Michigan friends, below are some GreenPath personal finance seminars in Lansing and Farmington Hills. Always free and informative!
Headlines across the country read that the real estate market is making a comeback and many are thinking that now may be the time to buy a home. One of the most important things you can do if you want to borrow money to buy a home is to improve your credit score. Here are some steps to take.
“Property values are starting to creep up in some areas, but many homeowners are still underwater and owe more than their home is worth,” said Rick Bialobrzeski, GreenPath director of communications. “Each week, we talk to hundreds of homeowners who are having trouble keeping up with their mortgage payments.”