Cleaning Up Your Credit
When you hear advertisements claiming to "fix" your credit, you should consider changing the station. There is no quick "credit fix." The best that you or anyone else can do is identify and correct whatever errors are on your credit report. This Coach does just that. It focuses on helping you identify incorrect entries on your report and use our documentation to correct the errors. The vast majority of consumers have errors on their credit report. By using the coach and following the gameplan, you will be able to address deficiencies on your credit report and, as a result, improve your credit.
Developing A Budget
Other than winning the lottery, it is impossible to obtain financial freedom without a financial budget. Developing and living by a budget allows you to track your income as well as your expenses. People are often surprised by the amount of waste in their budget. Once you get a handle on your money issues, you will be able to rein in wasteful spending and you will probably be pleasantly surprised that you not only have money to save, but you can also invest for your future. Budgeting is a life-long process and this Coach will teach you how to do it.
The housing market is experiencing serious problems. With resets of Adjustable Rate Mortgages (ARM), hundreds of thousands of Americans are losing their homes. What can you do? Too often, homeowners with mortgages that have adjusted have limited knowledge of how to get themselves out of this situation. This Coach is designed to help customize a gameplan to help those who are facing foreclosure to save their homes.
Tackling Debt, Once and For All
Debt is one of the most significant issues facing families today. This Coach is designed to provide pointers that can help you eliminate your debt. It is designed to walk you through the process of establishing goals and objectives, setting spending priorities and ultimately, paying off the most expensive debt first until all of your debt is paid off. This gameplan requires a great deal of patience and discipline. Therefore, you should understand that there is not quick and easy fix. It takes time and effort to get into debt and it will require time and effort to get out. So, start the Coach and work toward achieving your financial goals and objectives.
Should You Consider Filing Bankruptcy?
Many consumers feel that bankruptcy is the only way out of their financial dilemma. In a few unfortunate situations, it sometimes it. For the majority of consumers, however, this is not the case. There are two major reasons why bankruptcy can do more harm than good. First, the 2005 Bankruptcy Law makes it more difficult for some consumers to file bankruptcy. And a few filers with higher incomes are no longer allowed to use Chapter 7 but will instead have to repay at least some of their debt under Chapter 13. All debtors now have to get credit counseling before they can file for bankruptcy. The second reason is that after filing bankruptcy, you will have this blemish on your credit report for up to ten (10) years making it harder to get credit. This Coach will help you understand whether bankruptcy is the most effective alternative for your financial situation. It will also teach you how to start where you are on the road to financial freedom rather than digging yourself deeper into financial crises by filing for bankruptcy.
Buying a Home
This Coach is designed to help you understand what you must do to purchase a home. So many people have gotten into trouble because they bought more home than they could afford, did not understand the paperwork or failed to understand the process. The rate of foreclosure has significantly increased and our hope is to provide as much information as possible to make sure that your buying experience is satisfactory.
Paying Off Your Home Early
This Coach is designed to provide guidance that will help you pay off your home in five (5) to seven (7) years, based on your qualifications. We have partnered with U1stfinancial.com to provide the Money Merge Account program. This program pays off mortgages faster using an interest-cancellation strategy. While many homeowners realize that they can save money by reducing the interest rate they pay on their loans, few think about the length of time they will be paying. The Money Merge Account program combines innovative software with traditional banking systems and personal coaching to drastically reduce your mortgage term and minimize your interest. This Coach is designed to help you understand the importance of paying your mortgage off sooner and determining whether doing so would be beneficial for you.
Handling A Lay-Off
Being laid off is a traumatic experience. Recent job losses have caused significant distress in the economy, but more importantly, among families. Citibank, J.P. Morgan, Chrysler and many other corporation have announced job cuts. Job losses do not only affect your income, but your self-esteem. If you believe that you may get laid off, it is important to start planning. This coach is designed to help if you may get laid off.
Protecting Yourself when Your Landlord Foreclosures
Unfortunately, renters are paying their monthly rent on time, but are finding themselves receiving an eviction notice. This situation is becoming all too familiar for thousands of renters nationwide who have become the unintended victims of foreclosures. Banks are kicking good tenants out of their apartments with little to no notice after seizing a property from a delinquent owner, ignoring tenant. This is a troubling situation and because it is a new phenomenon, renters do now know what to do to protect themselves. This coach is designed to help anyone facing this situation.
Knowing What to do After a Car Accident
It only takes a second to change your life forever. No one expects to have an auto accident but 2005 statistics show that one person died every 13 minutes from a car crash. Whether you are a victim of someone else's negligence or whether you are in the unfortunate position of causing the accident, there are certain steps you should take after it occurs. This Coach arms you with the knowledge of the do's and dont's of car accidents and addresses exchanging personal information with the other party, when to call the police and what to do with your vehicle.
Avoiding Identity Theft
Identity theft is potentially one of the most damaging events that can impact your financial position. You must protect yourself from identity theft. We designed this Coach to make sure that you are protected. It provides a gameplan that is a step-by-step approach to arm you with the knowledge to lessen the chances of your identity being stolen and practical information of what steps to take if it does happen to you.
Investing in Real Estate
At one time not too long ago, real estate was the vehicle that allowed many investors to create wealth. Now with today's gloomy housing market, quick and fast money is a thing of the past. Real estate can still be a viable investment tool but it is important to understand the pitfalls and to do it the right way. This Coach will provide you with information on real estate investments. It will also serve as a guide to let you know whether it is right for you.
Repairs/Renovation to Help You Sell Your Home Fast
Today's housing market is tough, especially if you are a seller. Home values have been consistently declining. The appreciations of the past are gone and buyers are able to make demands they would not have been able to in years gone by. Therefore, you must look at the housing market almost as if you were competing with other sellers. If you want to sell your home fast, you must do everything possible to differentiate your home from others on the market. This may mean sprucing it up, cleaning away clutter, applying a fresh coat of paint or planting flowers. This Coach is designed to lead you through the process that will help you to sell your property at a price with which you are satisfied.
Making Sure You Have Adequate Homeowners Protection
Hurricane Katrina provided clear evidence that homeowners need to pay close attention to their policies to ensure that they have adequate protection. The time to find out that you are not covered or lack sufficient coverage is not after a catastrophic, life-changing event. This Coach is designed to help you learn what questions to ask when shopping for homeowners insurance, such as the type of coverage needed for potential natural disasters in your geographic area. It also addresses how to determine the amount of coverage you need and the differences in premiums.
Preventing Overdraft Protection Fees
Overdraft fees range anywhere from $29 to $35 per incident. It seems the fees increase every few months. It does not take long for these fees to add up. One bounced check for $25 can easily end up costing a consumer hundreds of dollars in fees. How do you avoid these fees? Debit cards are often the culprit. However, debit cards and checks can be used but they must be used wisely. This Coach will help you develop good habits such as balancing your checkbook and keeping track of your spending to make sure that you don't end up throwing good money away. It also explains how overdraft protection, which can be expensive, can be a viable way to protect you when such incidents occur.
Choosing a Bank that Meets Your Needs
With so many banks to choose from, it is often hard for consumers to choose the right institution for their financial dealings. When you consider the fact that some well-known banks have failed, it increases the trepidation consumers feel. How do you choose a bank that is right for you? Is online banking a must or do you prefer face to face service? Choosing a bank is a personal option that will vary with the individual. This Coach includes a guide to let you choose the factors that are important to you.