Financial Freedom Friday

Bank Black List of Black-owned banks and credit unions Here are some of the Black-owned financial institutions, and a few online-only platforms that partner with banks, currently operating in the U.S. Financial Institution Headquarters Kinly Online only MoCaFi Online only Greenwood (waitlist to join) Online only Alamerica Bank Birmingham, AL Commonwealth National Bank Mobile, AL City […]

Should I be worried? A: If someone steals your Social Security card, or you have misplaced your card and can’t find it, you need to take several steps to protect your identity. If someone finds your card or uses your Social Security number, you may become the victim of identity theft and fraud, and find

Revolving credit is a lot like it sounds, it’s an open and ongoing line of credit that lets you spend up to a certain limit. You can spend up to your credit limit.  The more you pay off each month, the more credit becomes open for use. “A revolving credit account sets the credit limit, which

Living without financial literacy leads to several pitfalls, such as poor credit, bankruptcy, and foreclosure. Thankfully, Black Americans no longer must go through the dark and treacherous world of money without help. The Culture of Money is here for all Black Americans who want to educate themselves and achieve financial success. Before I share the reasons why

Differences In Equifax, Experian and TransUnion Credit Reports By Lynette Khalfani-Cox, The Money Coach Reading Time: 4 mins read If you’ve ever pulled your credit files from Experian, Equifax and TransUnion – each of the three major credit bureaus- and tried to compare them, you know that certain information in your credit records is likely

Predatory lending typically refers to lending practices that impose unfair, deceptive, or abusive loan terms on borrowers.  In many cases, these loans carry high fees and interest rates, strip the borrower of equity, or place a creditworthy borrower in a lower credit-rated (and more expensive) loan, all to the benefit of the lender. Predatory lenders

Knowledge is power, once you get it you are empowered. Take the necessary steps to learn, build and keep your credit, score strong, then your buying power will be solidified. With a strong credit score in place it positions you for a different conversation when making a purchase, i.e., walking out with no money down