What To Expect In Your Counseling Session

This article is provided and sponsored by:
ClearPoint Credit Counseling Solutions
____________________________________

Whether you want to ease the burden of increasing credit card debt or develop strategies to successfully manage your household budget and creditor payments, credit counseling from ClearPoint can help.

Most who come to see us are overwhelmed with credit card debt or concerned about poor credit, but others simply wish to get organized and create a spending plan which will allow them to reach their goals to buy a home, buy a car, save for emergencies, fund retirement, send a child to college or even go on vacation.

Credit counseling can help you too, just call ClearPoint at 800.750.2227 to get started.

To prepare for your counseling, and have more time to ask your counselor questions, gather your most recent credit card statements and correspondence you’ve had with collection agencies or the IRS. and make a list of your sources of monthly income and expenses (such as food, utilities, gas, clothing, gifts and other miscellaneous expenses). Also, prepare any questions you have for your counselor. It also helps to think about your specific financial goals so you can share them and provide for them in your pending budget planning.

Stages of Wealth Building

Financial experts talk all the time about the importance of wealth, but remember that amassing wealth doesnt happen all at once.

According to Pew, theres a significant discrepancy in wealth among different age groups. People ages 65 and older hold on average $170,494 in wealth; ages 55-64 hold $162,065; ages 45-54 hold $101,651; ages 35-44 an average of $39,601 in wealth while adults younger than 35 hold only $3,662. For the most part, this gap is normal, since your ability to save and invest in wealth changes depending on where you are in life.

Young adults in their 20s, for example, should focus on building wealth by acquiring the foundational skill sets and education that prepares them for high-paying, wealth-building positions later in life.

Dont make the mistake of thinking you should rack up hours at your part-time job to reach a certain number in your bank account. Devoting too much time to waiting tables at the expense of your studies or developing experience in a long-term career may hurt your ability to acquire wealth over your life time. At this stage in your life, putting education and professional experience first is the best financial investment you can make.

Those of us in our 30s and early 40s may be hitting our stride with our careers and earning higher incomes. On the other hand, we may also be incurring significant new expenses, too. Things like homeownership, cars, marriage and even children inevitably make a big impact on our finances.

Be realistic about your new financial demands, but dont lose sight of the foundation you need for your next stages of wealth. Invest in your career by expanding your skill set and networking with industry leaders so you can keep abreast of new developments in your field. Also continue to invest in your companys retirement plan and budget your spending wisely so you can build a savings cushion.

As we reach our 50s, we can begin to reap the benefits of the foundation weve set in our earlier years. In our 50s, we are often earning our highest income, leaving more capital for savings, eliminating debt and investing in wealth building opportunities for retirement. Fewer expenses after children leave the nest along with homes gaining equity make prime wealth-building opportunities more attainable. This is the ideal time in your life to put your income toward your retirement account and other business investments, such as a vacation home you plan to rent out.

As we approach retirement age, many of us might dip into our retirement funds and other sources of income such as Social Security. But reaching a certain age doesnt always mean your wealth-building days are over.

Some people may even decide traditional leisure-based retirement isnt for them. Many older adults continue working into their 70s. And with a pension and health benefits, some may even begin an entrepreneurial venture that was too risky earlier in life. Volunteer work, part-time jobs and even internships can enable you to explore a different field that youve always wanted to pursue, so dont close yourself off to these possibilities.

Wherever you are in your stage of life, there are steps you can take to secure your financial future. Try following this blueprint and you can increase your economic security for years to come.

Top 401k for Small Business Retirement Plan Provider Sense Financial to …

Sense Financial will sponsor Wealth Building Weekend for California investors and retirement plan holders of 401k for small business. The two-day weekend boot camp is geared towards helping investors and business owners maximize their 401k for self-employed retirement plan through wise investment strategies.

Costa Mesa, CA (PRWEB) October 25, 2013

On the 26th and 27th of October 2013, Sense Financial, the leading provider and administrator of 401k for small business retirement plan is organizing a two-day boot camp called Wealth Building Weekend. Organizers of the said event announced the activity and full packed event will be held at Costa Mesa Country Club 1701 Golf Course Drive, Costa Mesa CA 92626 from 8:00 AM to 4:00 PM on both days. Tickets are now available online with tickets for single participants or couples who will be attending together the seminar.

The main goal of this enriching and empowering real estate program is to give more comprehensive information to participants about salient products such as Solo 401k, Roth 401k and 401k for self-employed. The organizers and panelists of the one-day event has various discussions and talks on how to create true wealth through real estate investment. Participants are guaranteed informative and career-changing information according to event organizers. Topics and agenda included in the two-day event include goal setting which is discovering the most valuable and effective tool in real estate investment.

There will also be comprehensive discussion and inputs about the strategies for real estate investment particularly Buy and Hold. Other salient topics to be further highlighted include 401k for small business, Roth 401k rules and the fundamentals of property management. Attendees will also have first-hand information about setting investment criteria, having a full understanding of paperwork and contracts in real estate and in maximizing profits for Solo 401 k and IRA retirement plans. Based on updates regarding the event, there will also be intensified inputs on financing in today’s real estate market, analyzing investments in real estate and the A to Z of Property Insurance. Another valuable agendum which all investors and retirement plan holders must know about is the tax strategies for investors in real estate.

Sense Financial guarantees participants and delegates of the 50-people seminar that they could receive not just information but tools and materials for their quest to have sustainable retirement through 401k for small business. According to organizers, the weekend boot camp will exclude upsold of mentoring packages but only useful resources for future real estate investment.

About Sense Financial Services:

Sense Financial Services LLC is California’s leading provider of retirement accounts with Checkbook Control: the Solo 401k and the Checkbook IRA. Over the years, Sense Financial have assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.

For the original version on PRWeb visit: http://www.prweb.com/releases/401k-for-small-business/sense-financial/prweb11269212.htm

Advanta IRA Administration Holds Lunch and Learn With Successful Real Estate …

Atlanta, Georgia (PRWEB) October 15, 2013

When a self-directed IRA participates in private lending transactions, the IRA plays the part a bank normally does by providing loans for mortgages and trust deeds, secured and unsecured notes, and even for things such as judgments and structured settlements. Smart investors make private loans to individuals or entities to potentially build wealth in their retirement accounts. “Profit from private lending is gained through earnings on interest rates and repayment terms of these loans and the income flows directly into a self-directed IRA on a tax-free or tax-deferred basis,” says Jack Callahan, Managing Partner of Advanta IRA Administration in Atlanta, Georgia.

Private lending through a self-directed IRA offers benefits for both the lender and borrower. “The private lender (IRA) provides capital to the borrower much faster and with more accommodating terms than traditional lending institutions,” says Callahan.

The IRA owner chooses the loan recipient, the type and terms of the loan, and also decides whether to provide secured or unsecured loans. Secured loans are backed by collateral to protect from default. Unsecured loans typically are offered at a higher rate of interest in lieu of collateral.

In an effort to educate investors nationwide on the benefits and risks of private lending, Advanta IRA Administration is holding a lunch and learn on October 18, 2013. Mark and Anne Lackey are successful real estate investors who will lead this event by providing their secrets to success. Investors of all levels are invited and encouraged to attend.

Event: Lunch amp; Learn – Mark and Anne Lackey: Private Lending with a Self-Directed IRA

Date: October 18, 2013

Time: 11:45 – 1:00 pm

Location: 12600 Deerfield Parkway, Suite 100, Alpharetta, Georgia 30004

Cost: No charge. Lunch is provided.

Register: By 5:00 pm on October 17th by contacting Teresa Chin by phone at (678) 513-8913 x 1147, or by emailing tchin(at)advantairagroup(dot)com.

About Advanta IRA

Advanta IRA Services, located in Largo, Florida, has been in operation for over 8 years, providing administrative service to owners of self-directed IRAs throughout the Tampa Bay and Sarasota, Florida regions. Advanta IRA Administration offers a second location serving the Atlanta, Georgia area and surrounding regions. Both offices are managed by Jack Callahan, JD, CFP(TM). Advanta IRA offers classes, seminars and other educational tools designed to assist clients in managing self-directed IRAs by investing in real estate, notes, private placements and other non-traditional assets that have the potential to maximize IRA earnings on a tax-free or tax-deferred basis.

About Jack Callahan

Jack M. Callahan, JD, CFP(TM), is the managing partner at Advanta IRA Services in Largo, FL and Advanta IRA Administration in Atlanta, GA. Jack established the corporate office, Advanta IRA Services, in 2003. Prior to that, Jack delivered specialized counsel to real estate investors, small business owners and real estate professionals on tax, legal and financial matters. As an industry expert, Jack is a frequent speaker on the topic of self-directed retirement plans and an accredited continuing education instructor for the Florida and Georgia Bar Associations, Florida and Georgia Real Estate Commissions, and The American Institute of Certified Public Accountants. He earned his bachelor of science degree in finance and multinational business from Florida State University and his law degree from the University of Florida College of Law.

How To Improve Credit Score Strategies And More At LoanLove.com

SAN DIEGO, Sept. 18, 2013 /PRNewswire-iReach/ — LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the US financial landscape in order to help them obtain a home loan that they will love. The website continues to bring up-and-coming news in the mortgage industry world, and with new article Fast Credit Repair (Pipe Dream Or Reality?) loan borrowers can find the best solutions on how to improve credit score in a fast and progressive way.

The article begins by pointing out that despite popular belief, credit does not always have to slowly repair itself over months or possibly even years. All it takes is a little craftiness and knowledge to alleviate the stress of bad credit score. Afterall, poor credit score can accumulate into paying extra interest rates from tens to even hundreds of thousands of dollars. This, coupled with other expenses like car loans can bring weigh down loan borrowers. Moreso, bad credit can affect the way employers view loan borrowers and affect their ability the get a job.

You probably also know that keeping your credit as healthy as can be is a lifetime commitment. And it follows, then, that credit repair can take a long, long time, right? Not always. Your credit score is influenced by a lot of factors, and while one of the main factors – the length of time youve had credit accounts – can only be improved with time, there are other factors that can respond pretty quickly to good behavior and improved spending habits mentions the Loan Love article. As talked about in the article, these factors include:

  • Never allow account balances to exceed more than 20% of the credit limit for each account. So for example, if an account has a $1000 limit, a loan borrower would ideally want to exceed know more than $200 when owing money.
  • Avoid cancelling out old credit lines as they can improve a loan borrowers position. Each old credit line can improve the age of an account, and an older an account, the better a loan borrower will look in the eyes of creditors.
  • Alternatively, the Loan Love article also suggests readers refrain from taking out anymore new credit line as a newly aquired credit line can decrease an accounts age.
  • Last, every loan borrower should check their payment history. Continously being responsible and paying on time will help a borrowers credit score in the long run.

As one final tip, Loan Love gives readers one last reminder: So while its true that time can provide the greatest healing to a less-than-perfect credit history, its also true that steps you take today – right now (hint, hint) – can also have a pretty significant effect on your credit. Generally, smart loan borrowers will want to showing consistancy and responsibility with their existing credit lines to prove to potential loan lenders that they are well worth the risk.

For more information on how to improve credit score, please visit LoanLove.com. 

Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, contact@loanlove.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE LoanLove.com

Government Shutdown Impacts Consumers Concerns Regarding Credit Repair …

The Government Shutdown has created a void for consumers looking for credit repair services. BestCreditRepairCompanys.com looks to fill that void as a credit repair consumer review site.

San Francisco, CA (PRWEB) October 14, 2013

When the credit repair industry started to blossom, scams and fraudulent companies crept their way in and were able to cheat consumers out of their money. Over the last few years, the Federal Trade Commission (FTC) has cracked down on credit repair companies and cleaned up the industry. However, with the recent government shutdown, the FTC has also stopped conducting their services, which means there is no federal entity keeping their eye on credit repair practices.

Fortunately for consumers, there is still a credit repair watchdog willing to help with identifying credible credit repair companies. While the FTC did have a tremendous impact on the credit repair industry, consumers are not left unprotected just because the FTC website is temporarily out of commission.

BestCreditRepairCompanys.com (BCRC) is an online resource that helps consumers find real and objective credit repair company reviews that will enable them to make an informed decision. While the FTC is not in operation, BCRC will still be there to assist the consumer in any way they can in their credit repair efforts.

BCRC is made up of a team of experts that do their due diligence in researching and reviewing credit repair companies, Michael Bratton, PR Director, said. Right now, consumers do not have the FTC looking out for them. Since the credit repair industry has a checkered past, this may worry some potential credit repair customers. However, our website is designed to help consumers make the best decision possible for their situation without having to worry about being scammed out of their money.

BCRC is set up in a way to provide the best overall credit repair company reviews. A credit repair expert analyzes each company and a synopsis of company practices is provided. In addition to the expert breakdown, real reviews from actual customers are available. These consumer reviews allow a customer to write a comment and leave a score based on how well they feel a company performed.

It is important to have an expert who knows the industry dissect each company on an individual level, but it is not enough, Bratton explained. Real customer reviews are also critical because it gives our viewers the opportunity to read about first-hand experiences. Together, the expert and consumer reviews make up a complete picture of how a credit repair company conducts business.

Consumers do not need to worry about fraudulent credit repair companies stealing their money just because the FTC has been shut down. BCRC supplies consumers with all of the information and data they need in order to make a decision concerning their credit repair efforts.

For more info visit bestcreditrepaircompanys.com

For the original version on PRWeb visit: http://www.prweb.com/releases/2013/10/prweb11214236.htm

Using Structured Settlements in a Divorce

A structured settlement replaces a one off lump sum payment with smaller periodic payouts.This concept is often used in workers compensation or in injury claims, but these types of settlements are also being used in divorces. However, it can be a complex system. In order to be successful, they require a great deal of planning and detailed consideration. If done effectively, they can provide a continuous source of income, attend toany liquidity issues, and provide financial security.

Structured settlement can be a useful tool in negotiating the division of property or paying for tuition fees or child support. The financial necessity of the receiver will be negotiated andwill be covered byperiodic payments. These could provide a monthly income, college funds or retirement savings. The many advantages of using annuities are noted below.

Advantages to payee

For the payee, the main benefit is that these payments will end all contact with the spouse, as the life insurance company chosen will act on behalf of the payee. Once the contract has been approved by court, it gives the payee the clean break they were hoping for and will prevent any chance of contact from their ex-partner in the future. In some circumstances, periodic payouts can provide the potential for savings in discounted costs of payments. Settlements also tend to be the simplest and most straight-forward process and can reduce valuable time and any nasty exchanges of words between the payee and their ex partner.

Advantages to receiver

The biggest advantage is the security that is provided with an annuity. During the process, the receiver will be required to discuss their financial needs for the future; the payees attorney will then craft a periodic payment proposal that caters to those financial needs. Once the agreement is signed and approved by court, there is no fear that the ex-spouse will go back on their promise or try to reduce the payments arranged as the lump sum would have already been passed to a life insurance company. Its set in stone and the payee has to respect it. Furthermore, the payments are tax free and so the receiver is able to enjoy the full amount of the agree payout. When choosing an annuity plan, it is worth considering all options available to you and they are flexible and allow for long term payouts. If unsure, the payee should discuss the best options available with their attorney.

If the receiver decided they needed to sell annuity, due to an unexpected financial obligation, this would be between the receiver and the life insurance company. As the payee has already paid the agreed amount he would not be involved in the process of selling structured settlements. This process would need to go before a court for a judge to decide if the payments are of more benefit than a lump sum. If the lump sum is endorsed, the receiver will be paid the lump sum and is not permitted to contact the payee regarding further payments. 

Needs assessment by RCCAA cites issues causing poverty

BECKLEY
A needs assessment conducted by Raleigh County Community Action Association cites health, transportation, employment and childrens needs as the four primary issues causing poverty in the county.

Kingery and Company LLC, which conducted the project, surveyed residents, interviewed community stakeholders, conducted secondary data research and provided a summary report with findings and recommendations.

A Needs Assessment Steering Committee, consisting of RCCAA staff and external community stakeholders, was formed to set direction, assist with primary data collection, monitor progress and analyze results.

The external stakeholders included representatives from the City of Beckley, United Way of Southern West Virginia, FMRS, DHHR, The Dream Center, Salvation Army, Beckley-Raleigh County Health Department, United Bank, AccessHealth, Commission on Aging, YMCA, Memorial Baptist Church and Birth to Three.

It was important that we involved a diverse group of community representatives to participate in the community needs assessment process, RCCAA Executive Director Bobbi Thomas-Bailey said. RCCAA is proud to lead the way in identifying needs and taking action to make life better for the individuals and families in Raleigh County.

Action plans were established for each of the areas of concern.

For health needs, RCCAA has applied for a grant to hire four individual personal assistants to enroll eligible individuals into Medicaid and the private marketplace under the federal Affordable Care Act.

RCCAA also applied to be community assistors to enroll eligible people to Medicaid, and the association plans to provide educational opportunities to promote awareness of options available. RCCAA plans to increase the number of Federally Qualified Health Centers offering dental services in the area, to educate and encourage private dentists to accept Medicaid/CHIPS, and to educate clients about the importance of keeping appointments.

As for transportation, RCCAA plans to increase awareness about public transportation by sharing success stories and testimonials from current clients who use RCCAA transportation.

The association also plans to provide education seminars to the public on money management issues including credit repair, budgeting and wants versus needs.

On the employment front, RCCAA plans to initiate basic employment skills training, locations for GED education, research and possibly create a Junior Achievement program as well as spreading information about available jobs and resources to current RCCAA clients.

For children, RCCAA plans to develop a fee for service programs to offer family development services to members of the county to assist them in developing realistic goals and a detailed plan to achieve those goals. The association also plans to provide regular public seminars on issues that affect families, like budgeting and meal planning.

RCCAA also plans to use previously established partnerships with agencies such as WorkForce West Virginia and the Academy of Careers and Technology to connect community members to job training, and create new partnerships with other agencies offering job skills training.

For more information, contact Thomas-Bailey at 304-252-6396.

E-mail: wholdren@register-herald.com

James Street dies; led Horns to a title

He was also a two-sport star at Texas. Street won two Southwest Conference titles as a member of the baseball program and tossed two no-hitters in his college career.

His son, San Diego Padres reliever Huston Street, followed in his footsteps and became a Texas baseball legend, earning College World Series MVP honors in 2002.

Prior to his death, Street continued to live in Austin, Texas, and ran a company that manages structured settlements. He is survived by his wife and five sons.

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Fast Credit Repair Tips Given In A New Loan Love Guide

LoanLove.com provides some helpful tips for borrowers in a newly released credit repair guide.

San Diego, CA (PRWEB) September 16, 2013

LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the US financial landscape in order to help them obtain a home loan that they will love. A new article on LoanLove.com continues to help readers to get the best loan rates possible with some great tips for fast credit repair.

The article starts by saying: Contrary to popular belief, credit repair does NOT have to take months or even years to produce results. With a little know-how, fast credit repair is definitely possible. As a financially-savvy consumer (hey, you’re on this site, right?), doubtless you know how important it is to have good, healthy credit: Poor credit means you can pay tens or hundreds of thousands of dollars in extra interest over the life of a home loan and you can also pay more for car loans, credit cards and insurance. Bad credit can even have an impact on your ability to get a job.

It goes on to say: You probably also know that keeping your credit as healthy as can be is a lifetime commitment. And it follows, then, that credit repair can take a long, long time, right? Not always. Your credit score is influenced by a lot of factors, and while one of the main factors – the length of time you’ve had credit accounts – can only be improved with time, there are other factors that can respond pretty quickly to good behavior and improved spending habits. Here are a few areas to focus on for quick results-

The article then goes on to explain a few of the things that borrowers can do that will quickly yield results when trying to repair credit. The first of these tips is to try to keep credit account balances as low as possible, ideally no more than 20% of the credit limit for each account. The article says that this means that if the accounts limit is, for instance, $1,000, the borrower will want to owe no more than $200 on that account.

The overall account age is something that is also taken into account when lenders judge the borrowers credit-worthiness. Because of this, Loan Love advises borrowers to avoid canceling older lines as these add to the account age, and also to put off opening any new lines of credit for the time being, as this will lower the overall age of the account.

The last tip the article gives is to start paying on time as soon as possible. While it is true that the longer the person pays on time, the better their credit will look, even a few months of on time payments can help to improve a credit score for an upcoming loan. The Loan Love article says: So while it’s true that time can provide the greatest healing to a less-than-perfect credit history, it’s also true that steps you take today – right now (hint, hint) – can also have a pretty significant effect on your credit. Most importantly, by showing responsible behavior with your existing credit lines, you demonstrate to potential lenders that you’re a good risk.

For more tips and information on fast credit repair, please visit LoanLove.com

For the original version on PRWeb visit: http://www.prweb.com/releases/2013/9/prweb11130223.htm