Personal Finance and Family Finance ideas and articles from an LDS perspective.

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Featured Article: Reader Question: My First Credit Card

Rejected!

With recent challenges in the financial sector, it is increasingly becoming more difficult to receive approval for a loan. What can you do to help your chances for approval? What do you do if you are rejected? Here are 5 things to do to get you started: Read more…

First Credit Card

Reader Question from Sarah in Idaho:

“I want to get a credit card because I need to start making good credit! I am 23, and I don’t have anything right now.  (I want one soon, because I’m going to be buying a new computer and I figure that’s a big enough purchase to start me off well with a credit card.)  A friend suggested I get one from my Credit Union, and I’ve heard that’s what you did.  Would that be the smart thing to do? My credit Read more…

6 Credit Rights

Lenders can get a little nasty sometimes and cause havoc on your credit score. That’s why our ‘friends’ in the federal government put together the Fair Credit Reporting Act a while back. Here’s six basic rights regarding your credit report and credit score that you should know about! Read more…

Credit Cards are About to Change Forever

If you’ve got a credit card (whether you use it or not) - there’s some new legislation about to take effect that you should know about and understand - because it will affect the way you handle your cards!

The Credit Card Accountability, Responsibility and Disclosure Act will go into effect little by little over the coming year. Here’s 9 major points from this new law from congress and how they’ll change your life with credit cards forever! Read more…

Credit Report

What’s worth more than anything else in your financial future?   What is one of the most misunderstood concepts of personal and family finance? What can make or break your financial freedom - and put at jeopardy a portion of your “precious, priceless agency” and put you “in self-imposed servitude” as Elder Hales taught earlier this year?  Your credit score.

So what exactly is a credit report? And how is your credit score determined?  Think you know?  Are you willing to bet Read more…

Credit Unions

A friend recently asked me what he should look for when selecting a credit union. My first response was to tell him ‘any credit union is better than any bank’ - but at second thought, I realized there are some important criteria that should be considered when looking for a credit union. Here’s my Top 5 Things to Look for in a Credit Union: Read more…