Financial counseling is assisting clients in the development and creative use of all their resources to achieve economic financial security or well-being by generating alternatives from which the client chooses. Ultimately the client is assisted to improve quality of life with less wasteful resources. The processes are: (more…)

Renting a home or apartment is an issue of broad interest. That’s because, whether you’re still in school or not long removed, chances are fairly good that you’re renting, are thinking about renting, or, at the very least, are giving some thought to changing a renting arrangement. Obviously, this article can’t go into the particulars of all sorts of rental situations if nothing else, market conditions are drastically different across the country but we can touch on some major points to help with your rent (more…)

Ever since economists and the media began focusing on what they heralded as potentially the single largest generational transfer of wealth in history—bequests to baby boomers from their parents—my clients caught patrimony fever. Even if you could inherit a small fortune (and I don’t think you will), I don’t think it’s something you should plan on or dream of. And it’s certainly not a process you should try to replicate with your own children. (more…)

Bankruptcy should always be the very final option when it comes to a solution to save your home from foreclosure. Unfortunately, it is very devastating to you financially as it totally ruins your credit. And many people who use bankruptcy as an option end up going into foreclosure anyway.

Bankruptcy not only ruins your credit, but it can also cost you a job. An increasing number of companies are seeking a credit check on employee applicants. A bankruptcy can actually prevent you from getting hired as you will not be able to explain the reason for the bankruptcy, (more…)

When you loan money or charge an item to a credit card, you are using cash loan or credit. Credit is an arrangement to receive cash, goods, or services now and pay for them in the future. Consumer credit is the use of credit for personal needs. It is also an indicator of consumer spending and demand. A common form of consumer credit loan is a credit card account issued by a financial institution. (more…)