Should You Take A Lump Sum Or Annuity If You Win The Lottery?
One of the biggest decisions lottery winners have to face immediately is whether to take their payouts as a lump sum or in installments, also known as an annuity. These questions also extend to those with pensions, but the question remains the same: All at once, or over time? There’s tax implications and the actual […]
When do You Need a Financial Advisor?
Whether you have just won the lottery or are simply trying to plan for retirement, there are quite a few reasons why you would want to hire a financial advisor to help you with your money. Let’s look at what a financial advisor actually does, and a few scenarios where you might consider employing one. […]
Debt Relief Options and Services for Single Parents
Single parents can have a tough time keeping financially afloat, and it can seem like the world conspires to keep you down. On top of bills, like rent or mortgage and utilities, you have to care for a child. All of this has to be done on a single paycheck. Or, if you are lucky, […]
How Does Gender Affect Credit Scores?
Let’s answer the big question straight away: no, gender and credit do not have a direct correlation; gender is not a factor in calculating a credit score. That, however, is only the short answer. It does not reflect the reality many women face when it comes time to apply for a loan, where they may […]
Ways Divorce Can Affect Your Credit Score and How To Protect Yourself
Credit damage after a divorce is not uncommon. But what happened? Are the courts punishing you for having the gall to divorce someone and take their time away from a murder case? The short answer is no, divorce does not directly affect your credit score. The longer answer, however, requires some explanation. Divorce Proceedings First, […]
Can Having Children Hurt Your Credit Score?
Having a baby is expensive, but will not technically cause a decrease in your credit score. However, having kids does strongly correlate with a dip in credit and a rise in debt. Medical bills alone could run in the tens of thousands, and that’s just for a healthy pregnancy with no complications. Add on numerous […]