An Open Letter To Our Representatives: Please Don’t Raise Taxes For Single Moms!

An Open Letter to Our Representatives: Please don’t raise taxes for single moms!

An Open Letter to Senator Mike Crapo (Chairman) and Senator Robert P. Casey, Jr. (Ranking Member) of the Senate Subcommittee on Taxation and IRS Oversight, and Congressman Kevin Brady, Chairman of the House Ways and Means Committee Please don’t raise taxes for single moms! As a single mom, I worry about money from the moment I wake up until my head finally hits the pillow at the end of the day. Even when I’m working more than one job, there always seems to be less money than I need to take care of everything my son needs. I’m a CPA…

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Avoid The PayDay Loan Trap

Avoid the PayDay Loan Trap

Single moms fight constant cash battles, trying to stretch every single dollar almost further than it can go. And sometimes – a lot of times – our cash falls short of what we need. When you are barely scraping by, running out of money between paychecks, the lure of having cash in hand can be hard to resist – and that’s exactly what payday loans offer. Here’s a look at how a payday loan works: The lender charges $15 for every $100 you borrow. You need $200 to get you through until your next payday. He gives you $300 cash…

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Correcting Errors On Your Credit Report

Correcting Errors on Your Credit Report

Your credit report holds a lot of sensitive information, from where you live to if you've ever been sued to whether you pay your bills on time. Companies sell those reports to companies that want to check your credit: lenders, landlords, employers, and insurance companies, just to name a few. While credit reporting companies try very hard to get everything right, mistakes happen. And when you’re trying to get a loan, a credit card, or an apartment, even one mistake can result in rejection…and cause huge problems for a single mom. Worse, sometimes those “mistakes” aren’t accidental, but brought on…

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What’s a FICO Score? And Why Does It Matter?

If you’re trying to get a loan, a mortgage, or even a credit card, you need to know your FICO score. That number can mean the difference between yes and no… and even factor into how much interest you get charged. Higher interest rates make it harder to pay down debt - because more of your payment goes toward interest instead of principle (the original amount you borrowed), so you always want to score the lowest rate possible. To lenders, your FICO score is a key measure of how likely you are to pay your debts on time. Lenders –…

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Know Where Your Charity Dollars Are Going

Tomorrow is Giving Tuesday, and millions of people around the world take this opportunity to generously donate their hard-earned money to worthy causes. Unfortunately, not all charities are as worthy as they appear to be. Some are flat out scams, others squander donations meant to help people in need on things like executive salaries and swanky donor dinners. In fact, two very deserving causes – cancer research and veterans – have drawn a lot of questionable organizations that try to cash in on our generosity, while only a tiny percentage of our donations ever get to where they were supposed…

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