What To Know About Collections

In 2005 I started working for a mortgage company as a wholesaler. My job involved calling on mortgage brokers and trying to get them to write loans through my employer. It was an eye-opening experience for a number of reasons: I realized that there were some really credible, integrity filled people in the industry and there were others who didn’t fit in either bucket. It became painfully obvious that a majority of the applicants had credit that needed serious repair. I learned SO MUCH about debt, collections, and adverse entries on your credit report. One of the most common items …

Coaching Matters: Why You Need A Financial Coach

Guest Post: Nick Der is the founder of Oxfords & Brogues, a financial coaching company based in Southern California.  My relationship to money can oftentimes be confusing and complex. No matter how sure I was about something regarding my finances (like how to best pay off my $30,000 in student loans or which investment funds to choose in my 401(k) or what tool was best for me to stick to a budget), there was always a troll on the internet saying the exact opposite to what I thought was right for me–experiencing stress and overwhelm, being stuck and avoiding my …

5 Steps To Debt Payoff This Year

In a coffee meeting just the other day, my friend and I were talking about what we were excited about going into the New Year. His comment surprised me because he confided, “I’m finally going to payoff my debt this year.” After some high five-ing and “that will feel great” and “yeah, won’t it though?”, I asked him what kind of debts he was about to payoff and why he’s now able to do it. He said he would like to think that his mortgage debt was in the mix but instead he was focused on credit card and student …

Will You Be Prepared Financially When Accidents Happen?

“Are you alright?” my friend Clint asked me with a panicked look in his eye. I looked down at my hands, turned them to look at my palms, and saw no blood. After moving my legs and a quick check for pain I replied, “I’m okay. Are you okay?” “Yes. We have to get out of here. Turn the car off.” Looking back, I’m fairly certain I was in shock, as I put the Jeep in park. “Adam. TURN THE CAR OFF.” He was already unbuckling his seat belt and attempting to crawl into the back seat of the Jeep …