Wednesday, February 17, 2010
Thursday, February 11, 2010
FMI Money Talk Radio
FMI Money Talk is a weekly internet radio station were individuals can call in and have financial questions answered. Guest Call In Number 646-595-4265 We look forward to speaking with you.
Listen to Fmi Money Talk
Listen to Fmi Money Talk
Wednesday, February 3, 2010
FMI Leadership CEO/President
Kenneth J. Grayer CDS, CCC, FDCPA Certified
Kenneth Grayer is Chief Executive Officer and President of Financial Management Institute, Inc (FMI) Prior to joining FMI. Mr. Grayer served as President of Unified Financial Negotiators Corporation, a consumer & small business debt settlement firm located in Roselle, IL. He brings 12 years of experience in the industry and has served as Director of Training and Education for some of Illinois’ largest accounts receivables firms such as Sallie Mae (Arrow Financial Services), Integrated Portfolio Management and Household Finance Corporation. Mr. Grayer holds the CDS & CCC designations from The International Association of Professional Debt Arbitrators (CDS) and is a member of the Certified Credit Consultants Association (CCC).
Kenneth Grayer is Chief Executive Officer and President of Financial Management Institute, Inc (FMI) Prior to joining FMI. Mr. Grayer served as President of Unified Financial Negotiators Corporation, a consumer & small business debt settlement firm located in Roselle, IL. He brings 12 years of experience in the industry and has served as Director of Training and Education for some of Illinois’ largest accounts receivables firms such as Sallie Mae (Arrow Financial Services), Integrated Portfolio Management and Household Finance Corporation. Mr. Grayer holds the CDS & CCC designations from The International Association of Professional Debt Arbitrators (CDS) and is a member of the Certified Credit Consultants Association (CCC).
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.
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
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
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