Category: All Articles

July 5, 2019 Jonathan Gavalas

Under most scoring models, credit scores (also known as a FICO score) range from 300 to 850. The higher the number, the better a person’s credit – it implies that the person is a lower risk to a lender. The score is calculated using a credit report that gathers data on your current and past…

July 5, 2019 Jonathan Gavalas

Not all Credit Scores are the same. Anyone taking advantage of the increased access to free credit scores will soon realize that credit scores vary depending on the source. In September 2013 FICO changed its policy and began allowing lenders to share credit scoring data with consumers under their Open Access Program. Prior to this…

July 5, 2019 Jonathan Gavalas

Regardless of our age, we’ve heard, read, or even seen movies about The Great Depression, which began in 1929 and continued until the late 1930’s. And although The Great Depression had its origins in the United States, it was global in nature—causing a severe worldwide economic downturn. Unemployment, for example, rose above 30% in some…

June 25, 2019 Jonathan Gavalas

In your 20’s and 30’s accumulating debt may not appear to be an earth shattering event. Everyone has it and it feels like its just part of life. Buying a home, keeping up with the latest cars, upgrading technology, and taking regular vacations. It is all part of living the American Dream. Yet in your…

June 25, 2019 Jonathan Gavalas

Budget leaks can create a struggle to pay bills in a timely manner. And these costs are usually expenses that cannot be accounted for. The weeks go by and you forget to cancel a subscription or you are paying for ongoing services you never use. Money spent at convenient stores and spontaneous spending that adds…