Consumer Reports did a year-long investigation, which included 858,000 loans from 17 major auto loan lenders, to look into the growing burden of car-related debt. What they found is disturbing and heartbreaking. In this episode of GMR, we discuss the reasons people are falling for bad auto loans and how to avoid being one of them.
Read MoreThere have been many negative impacts caused by the COVID-19 pandemic. One that hasn’t been talked about much is the increased use of credit and the negative impact on credit scores. Many Americans have had to use more credit to get by in the past 6 months, and the result is lower credit scores. In this episode of GMR, we’re going over some of the basics of credit scores and what you can do to protect and/or improve yours.
Read MoreThe health of our economy impacts all of us. When the economy is strong, we reap the financial benefits; higher wages, cheaper goods, and many others. Of course, the opposite is also true. A weak economy hurts our finances. But, did you know that your personal financial choices play a crucial role in the health of our economy? In this episode of GMR, we discuss debt cycles, what they are, how and why they happen, and what this means to your personal finances and our economy.
Read MoreHaving a basic understanding of how The Economy works is not just for financial experts. Understanding market cycles, consumer spending, and the role credit plays in the economy is more important than you realize. In this episode, we introduce you to the three main forces that drive the economy and how they personally impact your finances.
Read MoreYou’ve seen the TV commercials about bankruptcy, how they promise filing for bankruptcy will remove your financial burden and give you a fresh start. In this episode of GMR, we share the other side of bankruptcy that those who recommend never talk about. We’ll also give you alternatives to bankruptcy that will help you pay off your debt quicker and with less long term damage.
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