The Truth of Credit

I wanted to discuss the question of whether it is better to Rent or Buy a home? This is a common question for those first-time home owners or someone looking to re-establish themselves.

 In most cases, it’s better to buy a home than to rent. But not in every case. Comparing buying with renting is actually a fairly complicated endeavor. So [...]

Have you ever heard of a bankruptcy mailing list? You probably thought that you would quit receiving credit card offers after your bankruptcy, but because of a this list, you will receive more than ever! Credit card companies are eager to get your name after a bankruptcy, hence the need for such a list! They [...]

So lets say you win a scratch off and come into $5,000. What would you do with that money? This is a question I have thought long and hard about. Years ago I always thought invest first pay debt second. There are times when that mindset makes sense (IRA, 401k etc….). However, [...]

Most bankers and financial planners will tell you that your house is your greatest asset. Robert Kiyosaki (of Rich Dad Poor Dad) has a different view. He says that your house is a liability not an asset. Simply put, an asset is something that puts money in your pocket, a liability takes money out.
I know [...]

Sometimes I wish I had ten cents for every time a debtor told me “You cannot get blood from a rock”. Well here is an example of how it can be done.
Bank accounts can be garnished and, when they are, it is almost always a surprise to the debtor. What typically happens is creditors obtain [...]