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Blogging for Change Blogging For Change
Showing items by: Tanisha Warner
Show items per page Now showing items 1-10 of 35 Prev | Next
  • Beware of Student Loan Counseling Scams
    Submitted by: Tanisha Warner on December 16, 2014

    Beware of Student Loan Counseling Scams 

    As student loan debt continues to be the single largest form of consumer debt, it is no surprise that scammers have been hard at work targeting vulnerable borrowers strapped with unmanageable student debt.

  • Building wealth through saving: America Saves Week
    Submitted by: Tanisha Warner on February 17, 2014

    America Saves Week

    America Saves Week 2014 is February 24th through March 1st.

  • USA Today hosts live Twitter chat with MMI
    Submitted by: Tanisha Warner on February 14, 2014
    As part of a six-week series, MMI and other NFCC member agencies have partnered with USA Today on an exciting financial education and social media initiative aimed at providing young millennials tips and advice over various personal finance topics.
  • Are you afraid of missing out?
    Submitted by: Tanisha Warner on December 17, 2013

    Woman afraid of missing something on social media

    It's called FOMO - the fear of missing out - it could be impacting your health and your finances in ways you'd never imagine.

  • How to be a smart internet shopper
    Submitted by: Tanisha Warner on December 02, 2013
    Shopping online is convenient, but for over-spenders, the internet may be too convenient. That's why it pays to have a plan before hitting the web.
  • Get the credit and the career you deserve
    Submitted by: Tanisha Warner on October 30, 2013

    Good Credit, Good Job

    It is becoming increasingly important for those considering a new job or promotion to take prior steps to ensure a good credit rating. Take steps to get the credit and the career you deserve.

  • MMI reaches 85,000 consumers due to CARD act provision
    Submitted by: Tanisha Warner on October 17, 2013
    Money Management International (MMI) supports the positive consumer benefits gained from the Credit Card Accountability Responsibility and Disclosure Act of 2009 as described in a recent study by Consumer Financial Protection Bureau
  • MMI joins Sharpen Your Financial Focus initiative
    Submitted by: Tanisha Warner on September 24, 2013

    Sharpen Your Financial Future Image

    Money Management International (MMI) is excited to announce that as a member of the National Foundation for Credit Counseling (NFCC), we are participating in the Sharpen Your Financial Focus campaign.

    The NFCC has joined forces with leading financial services companies and other national partners to launch this financial literacy effort. Programs offered to consumers through this initiative will provide you with important financial information to help you make smart money decisions. Our certified financial education professionals are here to provide you with the financial education that you need to secure your financial future.

    Take the first step toward achieving your financial goals by completing one or more of the following action items: 

    Take the MyMoneyCheckUp® Financial Stress Test.  Visit SharpenToday.org to access the online financial self-assessment tool designed to increase financial awareness and provide you with concrete steps to improve your financial well-being.

    Participate in a personal financial review. Speak to an MMI certified financial professional by calling 866-864-8993 to schedule an appointment.

    Participate in an MMI financial workshop.  Visit CreditEducation.org  and browse the listing of workshop dates and times over financial topics that have the biggest impact on your family’s finances.

    The financial educators at MMI are proud to take part in this initiative, and is here to help get you on the path to financial success. Get started today!

     

  • Six bogus beliefs about credit and debt
    Submitted by: Tanisha Warner on October 11, 2012

    Money puzzle

    When it comes to your finances, the only thing more dangerous than a lack of information is a wealth of misinformation. Because of the complex nature of financial laws, responsible consumers with good intentions can find themselves unintentionally making costly mistakes.

    In an effort to help you avoid making decisions that could be hazardous to your financial health, we address six of the most common misbeliefs as they relate to credit and debt:

    1. There is an easy way to fix bad credit. No person or company can legally remove accurate items from your report for a fee. The Fair Credit Reporting Act (FCRA) states that delinquent account information can remain on a consumer's credit bureau file for a seven-year timeframe that starts 180 days after the account becomes delinquent.
    2. Bankruptcy discharges all debts. Debts not dischargeable in bankruptcy will generally include back taxes less than three years old, student loans, alimony, child support and debts incurred through fraud. To avoid foreclosure or repossession, you must ask the bankruptcy courts permission to "reaffirm" your mortgage loan and lease agreement and continue to make your home and auto lease payments. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 require a bankruptcy counseling certificate as a prerequisite for filing.
    3. A collector can’t call others about your debts. It may be hard to swallow; however, according to the Fair Debt Collection Practices Act (FDCPA), your collector is permitted to contact other people. They are only supposed to do this to find out where you live, what your phone number is, and where you work. Fortunately, the collector may not divulge the reason for the call to anyone other than you or your attorney. Also, if you don’t tell them otherwise, they can call you at work.
    4. A divorce decree matters to your creditors. Your divorce decree is an agreement between you and your spouse (not your creditors) on how your debts and assets will be divided. Since your creditors were not involved in the settlement and had no input on the results, the contracts you signed with your creditors have not changed and cannot be changed by the divorce decree. Whoever signed the original contract with the creditor will still be obligated to pay the debt after the divorce. That means you are still obligated on these debts and the creditors can report the derogatory status of these accounts on your credit bureau file.
    5. Your creditors cannot change your interest rate. According to the CARD Act of 2009, credit card issuers can make key contract changes to the account terms and agreement, including rate increases, with 45 days' notice. You should also know that many creditors will now raise your interest rates if your credit score declines, even if you have paid their particular account on-time and as-agreed.
    6. If your car gets repossessed, that’s the end of your responsibility. After a vehicle is repossessed, the lender will most likely sell it at auction to the highest bidder and apply the proceeds of the sale to the balance owed on the car. If the sale price is not sufficient to pay the balance due, there will be a “deficiency balance” remaining. You would be legally obligated to pay this deficiency balance. If you do not pay this balance, the creditor can possibly sue you in an effort to try to collect.

    Fortunately, making financial decisions doesn’t have to be confusing. Visit our financial education section to learn more smart money moves.

  • How to protect your personal economy
    Submitted by: Tanisha Warner on September 04, 2012
    Regardless of the state of the national economy, it's important to maintain focus on what you can control — your budgeting and spending.
Show items per page Now showing items 1-10 of 35 Prev | Next

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