Debt

Understanding and Repairing our Credit Score

Credit Score

It used to be that our credit score only mattered when we wanted to borrow money, but in recent years, more aspects of our lives are starting to be affected by our credit score, including insurance rates, renting an apartment, even getting a job.  Today we want to talk about how we can better understand…

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Moody Radio Interview 3-25-19 – Buying a Car

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Our car buying decisions will have a major impact on our overall financial situation.  Those that overspend on vehicles will suffer the consequences of spending too much money on depreciating assets.  On the other hand, the person that spends within their means will reap the benefits of using their money for better purposes.  The following…

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Moody Radio Interview 3-11-19 – Payday Loans

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Payday loans often get a bad name because of their high fees, which can often convert to around 400% in interest annually.  There is more to the story than just high fee lending though.  We need to understand why borrowers use payday loans and also why the lenders charge these high fees.  Once we get…

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Moody Radio Interview 3-4-19 – How Dangerous is Your Debt?

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Are some debts more dangerous than others?  We should start by looking at how easily we can get out of each loan.  Did we purchase something we can sell to get the money or did we already consume those purchases?  Debt is a commitment of our future time and scripture tells us we don’t know…

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Moody Radio Interview 2-25-19 – Debt Consolidation and Settlement

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Debt consolidation and debt settlement can often sound like attractive options, but neither is an automatic fix for our debt problems and they can sometimes bring unintended consequences with them.  We explore both of these options in today’s segment.  The following recording is from “Mornings with Kelli and Steve” on Moody Radio Indiana (97.9 FM).…

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Moody Radio Interview 8-20-18 – Getting and Staying Out of Debt

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As we’re working to pay off our debt or even once we’re finally debt free, we need to have a plan in place to make sure we stay out of debt in the future.  The following recording is from “Mornings with Kelli and Steve” on Moody Radio Indiana (97.9 FM).  For more detailed information, you…

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Moody Radio Interview 7-2-18 – Intangible Costs of Debt

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The costs of debt far exceed just the amount of interest you pay on your loan.  Unfortunately, most people never consider the equally as real, and often more painful, side effects of debt.  In this interview, we discuss some of the overlooked costs associated with debt.  You can read the related article here.  The following…

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Moody Radio Interview 6-11-18 – Online Borrowing Considerations

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The modern financial era has changed the playing field when it comes to borrowing money.  With so many people choosing to use online lenders, we need to consider how to apply wisdom in order to protect ourselves.  We also need to remember the inherent dangers that come with all forms of debt.  The following recording…

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Moody Radio Interview 4-9-18 – Student Debt

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Student debt continues to be a huge economic hardship issue.  In this interview we discuss ideas for avoiding it or dealing with it if you already have loans.  You can read the related article here.  The following recording is from “Mornings with Kelli and Steve” on Moody Radio Indiana (97.9 FM). For more information on Moody…

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Moody Radio Interview 3-19-18 – Credit Scores

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Should we be concerned about our credit scores?  What if we have no plans to ever take on more debt?  Whether we like it or not, credit scores and credit history impact more aspects of our lives than just our ability to take on new debt.  Part of financial stewardship involves managing our credit records. …

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