How Does Everyone Afford New Cars?

How Does Everyone Afford New Cars?

Did you know that more than 15 million new cars are sold in the US each year? Considering that the country has a population of just under 314 million people, that means nearly 5% of the American population buys a new car each year! With the average retail of a [...]

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What Does “Pay for Delete” Mean?

What Does “Pay for Delete” Mean?

What does pay for delete mean? That is a great question. Simply answered, pay for delete means you offer a debt collector immediate payment on the condition that they have the account deleted from your credit report. Pay for delete is touted across the internet as a way to clear [...]

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What You Should Know About a 529 College Savings Plan

What You Should Know About a 529 College Savings Plan

For most American families, saving for college is a necessity, but a huge strain. Some try putting X amount of dollars into a standard savings account, other use different tactics, but few are using a 529 plan. If you are asking yourself what a 529 plan is, you are not [...]

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Debt Snowflaking 101

Debt Snowflaking 101

From time to time a new term is introduced to the personal finance arena and, if it makes any kind of sense, we like to present it to our readers. That brings us to debt snowflaking. Debt snowflaking is a different way to approach paying off your debts in small [...]

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Will Future Credit Cards Protect Your Data Better?

Will Future Credit Cards Protect Your Data Better?

There have been a few highly publicized data breeches recently. The breech at Target alone has cost banks an estimate $240 million. For every improvement in security, there is at least one hack invented, so is it possible that the credit cards of the future will be any safer than [...]

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How Your Credit Score Affects a Car Loan

How Your Credit Score Affects a Car Loan

Just before I sat down to write this post today, I was shopping online for a different car. Nothing new, but a three year old car would be nice. I have driven my 22 year old Caddy to the brink of exhaustion, so its time. I only paid $600 for [...]

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Improvements To The Mortgage Closing Process On The Horizon

Improvements To The Mortgage Closing Process On The Horizon

The Consumer Financial Protection Bureau (CFPB) is a relatively new agency and has been taking fire from all directions since its inception. Despite having to duck and run, the CFPB has steadily worked to improve the financial sector for consumers. The latest focus of the agency is the mortgage process, [...]

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Money Lessons That You Can Learn From Your Children

Money Lessons That You Can Learn From Your Children

NOTE:  Remember to participate in our car-buying survey here.  Your reply and blog link will be featured on AutoFoundry.com! I have expounded on the need for parents to openly communicate with their children about financial topics…budgeting, saving, mistakes that have been made, etc. Despite the need to be taught, there [...]

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PF Bloggers: I Need Your Help for a Survey (Easy Link!)

PF Bloggers:  I Need Your Help for a Survey (Easy Link!)

Guys and Gals, We all know that consumers tend to spend too much on their cars.  Part of the issue is lack of a good rule-of-thumb for how much to spend.  Percentage of income is perhaps the simplest and easiest measure of all, but there is no consensus on what [...]

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The Heartbleed Bug – How to Protect Yourself from Credit Damage

The Heartbleed Bug – How to Protect Yourself from Credit Damage

The Heartbleed Bug has been garnering many of the recent headlines. The hack was so clever that some estimate it could have been in place for years. With such sweeping access to the world’s log-in and password information, many of us are wondering what we can do to protect ourselves [...]

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