Tag: Bankruptcy

How much debt is ok?

Our FICO score uses algorithms that take into consideration multiple aspects of your financial world. Too many credit cards, too few credit cards, total credit issued vs current credit available, plus others. Not sure where you stand? Contact LMG Financial Solutions for your free consultation at 201 297-7600. It’s amazing that when we are trying… Read more »

Who determines the value of money?

“All money is a matter of belief.” – Adam Smith, 18th century CE We do. Otherwise, what differentiates a $10 bill from a ripped piece of newspaper? Civilizations have afforded financial value to paper money going back to the 9th century Tang Dynasty in China! Prior to the invention of printed Chinese paper currency, civilizations… Read more »

I’m in debt. Now what?

Start by listing all your debt with their corresponding interest rate. Debt with the highest interest rate should be paid off first. Take advantage of auto pay to make sure that the minimums are paid when due. Review offers received from banks for balance transfers offering 0% interest. Beware of fees for balance transfers as… Read more »

The Equal Credit Opportunity Act

“The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Equal Credit Opportunity Act (ECOA), which prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because you get public assistance.” This is a direct quote from the Federal Trade Commission Consumer Information webpage. The Equal… Read more »

Debt Relief – What next?

You’ve worked your whole life. From out of left field, you are now in debt. Let LMG Financial Solutions lead you to a relaxed life. Contact us at 201 297-7600 for a free 30 minute consultation. “It shows nobility to be willing to increase your debt to a man to whom you already owe much.”… Read more »

Can I escape my creditors?

Tranquility can be a breath of fresh air. We strive to make your lifestyle care free financially. Contact LMG Financial Solutions LLC @ 201 297-7600 where you are more than a client. I highly recommended you visit https://lmgfinancialsolutions.com/ or http://facebook.com/lmgfinancial