OVLG Blog: Debt Relief, Bankruptcy and Personal Finance Advice

Articles · Page 5 of 129

Debt Relief

How Long Do Collection Accounts Stay on Credit Reports?

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Sep 30, 2024

Collection accounts contribute to your payment history, which comprises about 35% of your credit score. Your credit report is a component of your financial health and holds every bit of power loan approvals to interest rates. The presence of collection accounts can be pretty negative and so understanding how long these accounts will appear on your report and how these affect your credit scores is essential to healthy financial decision-making.

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Personal Finance

How to Find the Best Reverse Mortgage for Your Home

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Sep 13, 2024

Reverse Mortgages offer a practical way for many retirees to access additional funds to cover living expenses and medical costs or maintain their desired lifestyle. Without regular income, finding that extra cash can be tough. A reverse mortgage is a solution that converts your home equity into cash and allows you to stay in your home. Knowing how to choose the best reverse mortgage for your home type is crucial.

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Debt Relief

How to Survive California's High Costs and Avoid Debt

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Sep 4, 2024

California is a state of great beauty and rapid tech growth. But what everybody also knows about California (and there are no two opinions on this) is that it is so expensive. The costs of living, particularly housing but also nearly everything else, are much higher and people find it very hard to make a decent income.

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Debt Relief

When to Get Credit Counseling and Financial Advice

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Aug 23, 2024

Credit counseling and financial management services are crucial to people who are in debt or financially insecure. The professional services are designed to help people overcome the intricacies of their personal financial problems and manage their debts toward the attainment of long-term financial security.

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Personal Finance

How High Mortgage Rates Affect Home Buying: Tips to Manage Costs

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Aug 9, 2024

Are you exploring your home-buying options lately? The current mortgage rates are around 7%. The 30-year fixed-rate mortgage is 7.5 percent, and the 15-year fixed-rate mortgage is 6.7 percent. The refinance mortgage rates are around 6.7 percent.

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Personal Finance

How 'Pay Yourself First' Boosts Your Financial Health

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Aug 1, 2024

Living paycheck to paycheck may create several financial issues for you. You might be experiencing financial stress due to unexpected expenses. Trust me, there are many others also who are facing this problem. Over 70% of Americans live paycheck to paycheck, and most of them have only emergency funds as savings, nothing more!

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Credit

How to Build and Maintain a High Credit Score

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Jul 30, 2024

Your credit score plays a crucial role in your financial life. This three-digit number, typically ranging from 300 to 850, serves as a snapshot of your creditworthiness. The higher your score, the more financially trustworthy you appear to lenders, which can open doors to better financial opportunities.

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Debt Relief

How to Choose the Right Hispanic Debt Relief Plan

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Jul 9, 2024

Latinos are shaping the American economy in a big way. From starting businesses to filling essential jobs, their impact is hard to miss. With a huge $2.13 trillion in annual spending power, Hispanic consumers are driving growth in industries like farming, building and entertainment. Many Latino families are struggling with debt.

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