What is Foreclosure

What is Foreclosure and How Can You Prevent It?

What is Foreclosure? Foreclosure is a legal process where your home is put up for sale by the lender. It happens when your home is used as a collateral for a mortgage, but you default and aren’t able to pay back. Then the lender can foreclose your home to recoup the remaining loan amount with …

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What is Foreclosure
Mortgage Interest Rate - Fixed vs Floating

Comparison: Mortgage Interest Rate – Fixed vs Floating / Adjustable (ARM)

Howdy Wall St. Willy! Earlier you talked to me about a mortgage. But I want to know about the different kinds of interest on a mortgage. Can you tell me about that? Of course, I can. The different types of interest for a mortgage are mainly fixed interest or floating interest. Floating interest is also …

Read MoreComparison: Mortgage Interest Rate – Fixed vs Floating / Adjustable (ARM)

Mortgage Interest Rate - Fixed vs Floating
What is a Credit Card? A Simple Explanation for Kids, Teens and Beginners | 054 Credit Card 4

What is a Credit Card? A Simple Explanation for Kids, Teens and Beginners

Introduction to Credit Cards for Kids and Teens This video explains the concept of credit cards in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about them, or used as a money & personal finance resource by parents and teachers as part of a Financial …

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What is Bankruptcy or Personal Bankruptcy

What is Bankruptcy or Personal Bankruptcy?

On TV, I heard about Personal Bankruptcy. But what is Bankruptcy anyway? Bankruptcy is a legal process that helps people sort their finances, when they cannot pay off their debts – due to excessive borrowing, a major financial setback like job loss, etc. How does the bankruptcy process work? Personal bankruptcy can be filed under …

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What is Bankruptcy or Personal Bankruptcy
Mortgage

What is a Mortgage? A Simple Explanation for Kids, Teens and Beginners

Introduction to Mortgage for Kids and Teens This video explains the concept of mortgage in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about mortgage, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course …

Read MoreWhat is a Mortgage? A Simple Explanation for Kids, Teens and Beginners

Mortgage
How to Review a Credit Report

How to Review Your Credit Report?

  When we talked about credit report, you said I should review it periodically. But why do I need to review my credit report? You need to review your credit report because any incorrect information on your credit report can negatively impact your loan applications, like a mortgage, and credit card applications. Also, reviewing your …

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How to Review a Credit Report
Credit vs Debit Card

Comparison: Credit Cards vs Debit Cards – Simple Pros and Cons for Kids

Comparison: Credit Cards vs Debit Cards for Kids and Teens This video does a credit card vs debit card comparison in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about the advantages and disadvantages of each, or used as a money & personal finance resource …

Read MoreComparison: Credit Cards vs Debit Cards – Simple Pros and Cons for Kids

Credit vs Debit Card
Credit Report vs Credit Score

Comparison: Credit Report vs Credit Score

  I’ve often heard people talk about credit report and credit score interchangeably. But, based on what you’ve told me, I think they are different, aren’t they? That’s right, they are related, but quite different. Your credit report contains information about your financial history and behavior, whereas your credit score summarizes these details into a …

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Credit Report vs Credit Score
How to Get a Free Credit Report

How to Get a Free Credit Report

  We’ve talked about the importance of periodically reviewing our credit report. But is there a way to get a copy of my credit report for free? Each credit bureau offers your credit report for a small fee, but yes, you can also get a copy of your credit report totally free through other avenues. …

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How to Get a Free Credit Report

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