Owing more on your mortgage than your house is worth may seem like a bad investment. But the alternative – choosing to default on your mortgage even if you can afford the monthly payments – will take a significant toll on your credit rating.
“Strategically defaulting – deciding to stop paying your mortgage regardless of your [...]
You might find the acronym confusing, but the APR (annual percentage rate) on your credit card is a number you should be familiar with. It’s important because it describes the cost of your credit balance on a yearly basis. A healthy understanding of what determines this rate can help improve your financial decisions. You can [...]
Because raising a child in tough economic times can be expensive and financially challenging, many families are looking for ways to reduce their spending without having to sacrifice their family’s well-being. This has resulted in a slew of families getting creative by making old items new again.
Shanaka Brown’s family is one of many that is [...]
