3 Diamonds and a Dog #3
In each post of the Money Counselor “Diamonds & Dogs” series, I pick three items—could be an article, a website, a video, an image—that in my humble opinion would be especially valuable—the Diamonds—in helping Money Counselor readers make better money choices. And to balance the three Diamonds, I pick just one lame item—the Dog.
- Inspirational musings on actual wealth, symbols of wealth, and debt: “Here’s What It All Boils Down To (On Debt and Dreaming)“
- Good ideas on the keys to financial prosperity. It’s not all, or even mostly, about frugality: “No One Ever Gets Rich by Being Frugal“
- Tips here for choosing a counselor to work with on my favorite debt payoff tool, a Debt Management Plan: “6 Tips for Finding the Right Debt Management Plan for You“
- American Credit Repair As I’ve written about before, “credit repair” is a rip-off. Everything this company (and thousands like it) offers for hefty fees with respect to disputing credit report entries, consumers can easily do themselves for free. (See the FTC’s “Credit Repair: How to Help Yourself“.) This particular company charges $2,495, apparently to help its customers obtain a mortgage loan, though it’s not easy (unsurprisingly) to divine from the company’s website the exact services and results for which this huge fee pays. Before you spend scarce resources on a grossly overpriced service like this, spend a few hours cruising the many excellent—and free—personal finance blogs on the Web, including this one. And if you’re looking for a mortgage loan, talk to a mortgage lender or broker—for free!—about what you need to do to qualify. And yes, definitely make sure your credit report is accurate. It’s really easy to do!
Do you have a nomination for a Diamond or Dog? Send it to me please using the Write Money Counselor link at the top of the page. I’ll give you credit if I use it in a “3 Diamonds and a Dog” post.