Identifying Financial Cancer

Identifying Financial Cancer

If you ask me to loan you money – and I verbally agree, then the maximum interest I can charge you under Michigan law is 5%. If we reduce an agreement to writing, the maximum is 7% absent a business purpose and requisite affidavit. MCL §438.31. From a historical...
Your Credit Score – Don’t Sweat The Small Stuff

Your Credit Score – Don’t Sweat The Small Stuff

I know you’ve heard it before – “Don’t sweat the small stuff .” This truism applies to every facet of our lives. We often make the mistake of over dramatizing issues in our personal relationships – between spouses, between partners, and between parents and children....
Bankruptcy Basics – What Can Chapter 13 Do For Me?

Bankruptcy Basics – What Can Chapter 13 Do For Me?

Chapter 13 bankruptcy, also known as the wage earner’s plan, provides individuals with a viable means to regain control over their finances and rebuild their lives. While bankruptcy is often seen as a last resort, Chapter 13 offers several benefits that can help you...
Debt Resolution: A Solid Concept

Debt Resolution: A Solid Concept

Oftentimes – we are hired to assist a client in fighting off creditors. Strategy varies from one case to another because situations are different, BUT THE GOAL IS ALWAYS THE SAME- REDUCE OR ELIMINATE THE DEBT IN THE FASTEST, LEAST COSTLY FASHION. There are times when...
Financial Freedom: Just One Horse Away

Financial Freedom: Just One Horse Away

The recession is coming! The recession is coming!!! Can you all hear that? A vision of Paul Revere on horseback warning the people should be running through your head. If you watch the news, we should be scared out of our minds about the coming recession. The economy...
Can I Afford To Settle My Credit Card Debt?

Can I Afford To Settle My Credit Card Debt?

Pause for a second and ask, “What does that mean – Can I afford to settle my credit card debt?” Of course, you know it’s a mistake to carry credit card debt and pay usurious rate interest to credit card companies. If you have $50,000 of credit card debt and are paying...