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Tymar Financial Solutions

Understanding Credit

According to the United States Courts the following chart reflects the impact of lack of or misunderstanding of credit and how it works. Businesses and personal  bankruptcies are showing a decrease but the figures remain staggering. Apparently, managing personal finances can be tough. Unless you’re playing Monopoly, this should raise a bit of concern. 

June 2017 Bankruptcy Filings- Total- 789,020  Chapter 7-486,347  Chapter 11-7,442  Chapter 12- 501 Chapter 13- 294,637

Year Business Total
2016 25,227 819,159
2015 25,046 879,736
2014 30,113 1,000,083
2013 36,061 1,137,978
What the numbers do not show is, many of these things could have been avoided. The average high school graduating senior is unaware of how to establish and maintain good credit. The average young American age 18-26 applying for credit are declined due to poor credit ratings, judgments, repossessions, collections and sadly, bankruptcies.
Credit fraud among family members is a growing concern. Poor credit is preventing Americans from obtaining employment, insurance and housing. In a perfect world, keeping your livelihood in tact would not be much of a problem. With the recent global economic slide the world is in, with no foreseeable short or long term solution, things may not get better anytime soon.

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That’s why a course of intervention is needed to ensure the future of America. Intervention to assure our children’s future isn’t in jeopardy, from the lack of credit knowledge; the economic backbone of our economy. In appreciation to the communities we serve throughout the State of Mississippi and my grave concern of credit and the economy, Tymar Financial Solutions would like to hold FREE WORKSHOPS within the state of Mississippi with no obligation to school districts, students and parents. For a modest fee, church families and other organizations.  The workshop will take approximately 50-60 minutes to complete. Without a preventive action plan prior to establishing credit, it is no doubt the statistics here can and will dramatically increase due to lack of knowledge. We may be able to explain the credit process to our children, but how many students have parents who understand well enough to do so?

“It’s fact that bad credit falls through generations. We don’t plan to fail, we fail to plan”.

Tymar Financial Solutions educates participants in:

Revolving credit vs. installment credit
Truth in Lending Disclosure Statement Housing Discrimination Act of 1977
Checking Account, paying bills
Rent, Mortgage and Utility payments
Bank Lending VS Loan Companies
Interest Rates and Terms
Credit Score and repositories

For the future of America and our children, contact us today to schedule your free workshop. We need to know how many participants will attend to order Fannie Mae Understanding Credit Guides. School officials may consider putting a workshop in your schedule for Fall 2017/Spring 2018. If you feel this is something beneficial for staff and employees contact us. This is an epidemic affecting young and old, rich and poor. Our calendar will fill quickly, call 662-272-8471 or email lula@lulamshort.com. Thank you for taking time to read about this, I look forward to assisting Mississipians throughout the state.