Educating the Least “Sophisticated” Consumer
Want to know what the best way to avoid your debt?
For all the things that is wrong with the credit card industry this is the biggest loop hole in the system. I cannot tell you how many debtors that owe in access of over $100K in revolving debt that have left the country. There is [...]
Rick Vaughn, Categories: Credit Problems, Credit Repair
Will my family be held responsible?
One of the most common myths floating around these day is that when you die your debts are forgiven. Not so fast! Many individuals assume that when they die their debt is forgiven, but debt does not work that way. The reality is that if you die while still owning [...]
Rick Vaughn, Categories: Bankruptcy, Credit Problems
Do you feel that God has forsaken your financial future?Mrs. Field’s, the ever so lovable cookie-maker, despite most likely having Ivy League financial whizzes running its finance department couldn’t prevent the company from going up in smoke. So the next time someone asks if you filed bankruptcy just refer to it like major companies as a [...]
Rick Vaughn, Categories: Credit Problems
Do you ever wonder why there are no Payday Loans places in Beverly Hills or on Park Ave in New York? Would a Rich Guy/Gal ever need the services of a Payday Loan (or equivalent)? Simply no, because to them that would be financially stupid; as stupid as not paying you heating bills or utilities.
Rick Vaughn, Categories: Credit Problems
The 28/36 ratio is the standard formula used by mortgage lenders to calculate your mortgage affordability. It consists of your debt to income ratio, and is a figurative way of determining how much of your income should go toward your monthly mortgage payment after all your other monthly debts are paid. There is generally a debt limit associated [...]
