Tag Archives: Nick Maffeo

Smart About Money: Should people be required to have cash reserves?

Personal finance expert Suze Orman often speaks about the importance of “expecting the unexpected,” and she’s right.

Of course, sometimes people face disasters no one could have seen coming or planned for. But things such as higher property tax bills, “emergency” dental surgery, significant veterinarian bills for pet operations and car repairs are among the common “unexpected” expenses everyone runs into sooner or later.

Continue reading Smart About Money: Should people be required to have cash reserves?

Smart About Money: Credit Score Boosts – a great idea or not-so-much?

Right now, Experian and FICO are offering what they call “credit score boosting” programs, Experian Boost and UltraFICO. Both are free and supposedly could help an individual increase their credit score by about 10 to 40 points.

There are reports all over the internet which might lead you to believe that the credit score boosts are the best thing since sliced bread. But actually it’s not that simple.

Continue reading Smart About Money: Credit Score Boosts – a great idea or not-so-much?

Smart About Money: When the victim of Identity Theft is … you!

There are many ways that you can first become aware that you have become a victim of Identity Theft. No matter how it happens, you’re probably going to be angry, alarmed, frightened, confused and concerned.

Most people’s first questions are, “How did this happen to me?” and “Why did this happen to me?”

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Smart About Money: Should a parent co-sign on child’s car loan?

While it is generally not a good idea to co-sign a loan for an adult friend or family member who may have well-known problems managing their finances, co-signing an auto loan (or apartment lease) for a son or daughter is a different situation. Should you do it? The answer is … it depends. It depends on the child. It depends on the car or apartment. It depends on the parent.

Continue reading Smart About Money: Should a parent co-sign on child’s car loan?