Tymar Financial Solutions- Understanding Credit

Understanding Credit

Apparently, managing personal finances can be tough. According to the US Courts, during the 12 month period ending December 31, 2017, 182,455 bankruptcies were filed. Bankruptcies remain at historic highs, and are expected to be well above this record for 2009. Business Filings were 5,727 and non business filings 176,728.

Unless you’re playing Monopoly, this should raise a bit of concern.

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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 from 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 and our Children is not in jeopardy, due to the lack of knowledge of credit, 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, I would like to hold FREE WORKSHOPS within the state of Mississippi with no obligation to school districts, students, parents, 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”.

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Tymar Financial Solutions will educate participants on applying for:

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, please contact me 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 Spring 2018 and/or Fall 2018. If you feel this is something beneficial for staff and employees contact me. This is an epidemic affecting young and old, rich and poor. My calendar is filling quickly, call  662-272-8471 or email [email protected]. Thank you for taking the time to read about this, I look forward to assisting Mississipians throughout the state.