In the process of building our financial future, there are times when we ask another person or a financial institution to use their money for a limited period of time. This is borrowing or taking out a loan. Usually, the lender allows us to use their money in exchange for a percentage fee called interest. […]

Now you probably know that your credit report is essentially your credit history. It details what sort of loans you have outstanding, how long you’ve had them, whether you pay your bills on time and so on. (The information is not just from credit card companies, but all your creditors including utilities, landlords, hospitals, banks, […]

Everyone knows that potential lenders look closely at your credit record, but did you also know that landlords and insurance companies do, too? Here are some tips for building up a clean credit record—and making sure it stays that way. You probably already know that your credit report is all-important when it comes to qualifying […]

The First Step: Prayer The first course of action is to go to God in repentance and forgiveness for mishandling that which He has entrusted to you. Remember that in your borrowing, you promised to repay. In essence, you made a vow when you incurred debt. While borrowing or lending for that matter is not […]

Are this month’s credit card balances higher than previous months? Have you never paid more than the minimum payment required on your credit lines or credit cards? Are you continuing to add new cards to your pocketbook? Are you always seeking new ways to borrow? Have you been feeling anxious about your debt burden? Does […]