Tag: credit card debt

Bills long over due

Les Glass owner of LMG Financial Services LLC

Your income has been severely reduced. Rent is still due and you need to put food on the table. The last worry should be how to pay your credit cards. It’s a good time to consult with someone who understands the hardship you and your family are living through. Take back control of your finances…. Read more »

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 »