Search Results for: loans

December 30, 2011 Money Wise

Your Financial Year in Review – Closing out 2011 with some wisdom from Howard and Steve about what the Lord has to say about money and how it ties into difficult economic times.  Plus, they answer questions (800-525-7000 or moneywise@compass1.org) about investing in difficult times, tithing on an inheritance (Proverbs 3:9-10), and how to lower student loans/pay them off in order to move on in life.

December 26, 2011 Money Wise

Home Equity Loan vs Home Equity Line of Credit – Howard and Steve discuss the differences, strengths and weaknesses of each as well as answering calls and emails (800-525-7000 or moneywise@compass1.org) about paying off small business loans and refinancing loans to lower interest rates, using a CD ladder to maximize profits, renting an inherited property, choosing a financial advisor, and how to start a budget correctly and biblically.  (You can download the Compass Money Map and guideline Spending Plan, or get connected with a budget coach at www.compass1.org.)

Financial Dictionary

A – B – C – D – E – F – G – H – I – J – K – L – M – N – O – P – Q – R – S – T – U – V – W – X – Y – Z A Accounts payable Accounts payable, or AP, represent money […]

Identity Theft

          The most common type of identity theft is in the area of finances. Someone tries to gain financial benefits using another person’s name. This includes getting credit cards, loans, goods and services, and claiming to be someone else. These thieves can acquire your financial in numerous ways- from digging through your trash, accessing old phones […]

Miscellaneous Money Scriptures

          ADULTERY—FINANCIAL CONSEQUENCES And your hard-earned goods go to the house of an alien [as a result of adultery] (Proverbs 5:10). He [husband of adulteress wife] will not accept any ransom, nor will he be content though you give many gifts (Proverbs 6:35). . . . he who keeps company with harlots wastes his wealth (Proverbs […]

Lending

          I. IN OLD TESTAMENT BELIEVERS WERE TO LEND TO NEEDY BELIEVERS If there is a poor man with you, one of your brothers . . . you shall not harden your heart, nor close your hand from your poor brother; but you shall freely open your hand to him, and shall generously lend him sufficient […]

Gambling and Lotteries

          Lotteries and gambling of all types are sweeping our country. Internet gambling is exploding. Each year one in four Americans gambles at a casino. The average church member gives $20 a year to international missions while the average person gambles $1,174 annually. Sadly, more than 6 million Americans are addicted to gambling, with consequences that […]

Auto Debt

        After home mortgages, car loans are the largest debts most people carry. And most people have them. More than 70 percent of all the cars purchased in this country are bought with borrowed money. And many auto sellers discourage paying by cash because of the potential loss in revenue if you were to finance through their […]

Pay off Credit Card Debt

          There has been an explosion in the number of credit cards for only one reason: the credit card companies make a ton of money charging high interest! They also know that people spend about one-third more when they use credit cards rather than cash. The average household with an unpaid balance has about $10,000 in […]

Credit Reports and Scores

          Your credit score (FICO score) determines whether you can get credit. And your score may be high enough to get credit but not high enough to get a decent interest rate—whether you’re looking for a mortgage, a car loan, or some other type of credit. Without good scores, your application to rent an apartment may […]