Testimonials

Testimonial

“Kenneth is an innovative entrepreneur who has a passion for helping individuals navigate through the complex web of private and Federal student loans. His investment in FMI and commitment to his student clients’ success is testament to his success.”


Angel Beltran Integration Project Manager, Talmer Bank & Trust

Monday, January 25, 2010

Rebuilding Your Credit With A Secured Credit Card

A secured credit card is where you send the issuing bank a minimum deposit. Deposits can range from $200.00 - $500.00. This deposit is applied to the credit card and becomes the limit in which you can charge. Once the account is established the account is reported to the three major credit reporting agency and within 30 - 60 days a new trade line appears on your credit report.

For a list of secured credit cards click here Credit then on the left side find Search By Credit Quality and begin your research.

For additional help please contact us at your convenience 866-507-7333 and we will be glad to answer any questions you may have.

Tuesday, January 19, 2010

MONEY SMART WEEK

Money Smart Week® (MSW) is a series of free classes and activities designed to help consumers better manage their personal finances. MSW events will be held in April 17–24, 2010 in Illinois, Iowa and Michigan. Watch our Blog for important updates.

Wednesday, January 13, 2010

The Fed and You Consuming Interest

Federal Reserve releases credit card protections

The Federal Reserve released the final rules on the credit card reform act that basically will kick in Feb. 22.

Many of the provisions have already been heavily discussed, such as no cards issued to those under 21 unless they have a co-signor or can prove they have the means to pay the bill.

Other provisions you might not have heard about. Including:

- Credit card issuers generally won’t be allowed to increase interest rates on a card during the first year after an account is opened and when rates do go up, the new higher rate can’t be applied to the existing credit card balance.

- Card issuers will have to get your consent before charging fees for transaction that exceed the credit limit.

- And card companies will have to limit the high fees associated with subprime credit cards.

To Read the full 1,100 page report by the Federal Reserve click here