Credit and Debt Archives - The Outlier Model

You’ll Be Shocked To Learn Where Your Mortgage Is Likely To Be Denied

Allen Francis / November 7th, 2019 / No Comments

There are more American homeowners renting homes than any other time over the last 50 years. Almost 65% of Americans are homeowners but over 36% of those homeowners rented instead of owned their homes. Among other facts about homeowners to consider: • Almost 40 million homeowners are financially strained • Over a third of all homeowners allot 30% or more of their income for home finances...

Posted in: Career, Career and Work, Credit and Debt, Home, Personal Finance, Real Estate Tagged with: mortgages are denied

Why You Must Open a Bank Account and Why 25% of People Don’t

Allen Francis / October 20th, 2019 / No Comments

I didn’t get my first real bank account until I was in my mid-20s. The whole process of getting one just felt overwhelming. I eternally regret not getting one when I was 18. Getting a back account earlier in life would have helped me learn more about being financially responsible. When I started college way back in 1994, I did have a bank account. I just couldn’t deposit any money into it. An...

Posted in: Credit and Debt, Money, Online Income, Personal Finance, Saving Money Tagged with: bank account

Five Easy-To-Pawn Items

Allen Francis / September 26th, 2019 / No Comments

(Photo by Jonathan McIntosh via CC BY-SA 2.0) Like many people, I have visited a pawn shop more than once in my life. I have pawned rings, various kinds of jewelry, and musical instruments on multiple occasions. What struck me during each transaction was that the loan was of a lesser value than that of my pawn items. That is the point for pawnbrokers, and pawnbroking is big business in the United...

Posted in: Business, Credit and Debt, Personal Finance Tagged with: five easy to pawn items, pawn items

Why You Must File a Claim Against the Equifax Hack

Allen Francis / August 20th, 2019 / No Comments

Identity theft is an unspeakable scourge for many people, almost like Freddy Krueger. It’s something that we may pretend only happens to other people. Almost 17 million people were the victims of identity fraud in 2017. About $30 billion is estimated to have been stolen from unsuspecting people. Also, identity thieves don’t even need a credit card number to ruin your life. More Social Security...

Posted in: Credit and Debt, Money, Personal Finance