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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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How Credit Reporting Agencies Calculate Your Credit Score

By Len Penzo

In order to talk about what is considered when calculating your credit score you need to first understand what shows up in your credit report. Your credit report is a history of how you have used or abused your credit. This report is created by one ...

Continue reading How Credit Reporting Agencies Calculate Your Credit Score

July 15, 2021

3 Things You Shouldn’t Buy with a Credit Card (and 1 You Always Should)

By Tex Freitag

Credit cards shouldn't scare you; when used correctly, they're actually the most rewarding form of currency available today. Seriously, when's the last time you were rewarded with airline miles for using cash? And while it's highly recommended that ...

Continue reading 3 Things You Shouldn’t Buy with a Credit Card (and 1 You Always Should)

July 13, 2021

What Is Medical Debt and How Do You Get Out of It?

By Corazon Gritar

Medical debt can be a confusing situation, and without understanding it, you may find it hard to get out. Thankfully, the situation doesn't have to be bleak, and with a couple of tips, you can start to understand how you can get out of medical ...

Continue reading What Is Medical Debt and How Do You Get Out of It?

July 9, 2021

Understanding Your Credit and Loan Options After Filing Bankruptcy

By Enero Febrero

In the financial world, bankruptcy is often one of the most tragic and debilitating processes a person can go through. It can cause stress that never goes away. It can financially destroy a person's life, making them live a lower standard of living ...

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June 15, 2021

9 Important Money Tips Every Dad Should Teach His Kids

By Len Penzo

Kids, with Father's Day right around the corner, I hope you don't mind if your dear old dad takes a few minutes to give you a little bit of fatherly financial advice. Despite what your mom says, I don't profess to know everything -- okay, I guess ...

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June 14, 2021

What Is Debt Consolidation and How Can It Benefit You?

By Sabado Domingo

money management strategies

Do you pay for several loans at the same time? If so, you should know that it's possible to combine them and pay less by a common financing technique known as "debt consolidation." Why choose consolidation? Better than regular refinancing. Wherever ...

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June 8, 2021

The Best Alternatives to Payday Loans

By Enero Febrero

Payday loans get a bad rap; unfortunately, a lot of it is warranted. They offer horrible rates and fees that many people rightfully consider predatory. For many, payday lenders can seem like the only option. But getting financing for an emergency ...

Continue reading The Best Alternatives to Payday Loans

June 8, 2021

A Few Minutes With Personal Finance Genius Rich Livingston

By Len Penzo

Occasionally, I enjoy reading enlightening conversations with respected personal finance experts. But after making numerous interview requests over the past couple of months, it was obvious to me that most of those respected experts still didn't want ...

Continue reading A Few Minutes With Personal Finance Genius Rich Livingston

May 24, 2021

Are There Benefits to Cosigning a Loan?

By Enero Febrero

financial health check

Have you been invited by a family member or a friend to be a cosigner for their loan? Or have you ever experienced the need to have a cosigner to be approved for a loan? Everyone who is suffering from a bad credit score might already have ...

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May 10, 2021

Don’t Be Fooled: A High Income Doesn’t Guarantee Financial Freedom

By Len Penzo

Remember Illinois Governor Rod Blagojevich? He's the guy who was impeached in 2009 and then convicted in Federal court a couple of years later on multiple corruption charges, including the solicitation of bribes for political ...

Continue reading Don’t Be Fooled: A High Income Doesn’t Guarantee Financial Freedom

May 3, 2021

Personal Finance For Dummies: It’s as Easy as A-B-C

By Len Penzo

Most procrastinating high school and college literature students know that when they've put off their reading assignments to the point where they no longer have the time to actually read the book, they can always rely on Cliffs Notes. Some kids ...

Continue reading Personal Finance For Dummies: It’s as Easy as A-B-C

April 19, 2021

22 Smart Money Tips Everyone Can Learn by Playing Doctor

By Len Penzo

So ... Who wants to play "doctor"? I know what you're thinking, but you can relax. I promise nobody will end up in the principal's office after we're finished here. That's because this version only focuses on taking a peek at our ... personal ...

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April 12, 2021

9 Ways to Use Your Money After the Mortgage is Paid Off

By Len Penzo

The afterlife; it's one of mankind's greatest mysteries. In the world of personal finance, we "crossover" the moment our last mortgage payment is made, and for many folks, what lies on the other side is no less perplexing. Last month I received ...

Continue reading 9 Ways to Use Your Money After the Mortgage is Paid Off

April 5, 2021

Know Thyself: How to Determine the Best Financial Advice for YOU!

By Antonio Fortunato

Is your financial freedom and success influenced more by who you are than by what you know and which financial planning ideas you follow? Is it possible wealth-management and financial-planning tips are like golf or weight-loss tips? That is: ...

Continue reading Know Thyself: How to Determine the Best Financial Advice for YOU!

March 31, 2021

Why You Need a Household Strategic Plan (and How to Create One)

By Len Penzo

"Always have a plan." That's one of the most important pieces of advice I've ever received, if only because it applies to so many things in life -- and it's especially true with our personal finances. The household CEO is not only responsible ...

Continue reading Why You Need a Household Strategic Plan (and How to Create One)

March 22, 2021

The 10 Dumbest Reasons to Get an Online Loan

By Tex Freitag

Have you ever done something dumb for money? Like really, truly dumb? Have you ever just taken out a loan and been like, "why did I do that?" More than a few geniuses among us have decided to take out online loans for spectacularly idiotic reasons; ...

Continue reading The 10 Dumbest Reasons to Get an Online Loan

March 19, 2021

3 Ways to Improve Your Chances of Approval for a Personal Loan

By Sabado Domingo

Perhaps you're experiencing financial difficulty, or find yourself in a less-than-desirable situation. Whatever the circumstance is, a personal loan might be just what you're looking for. Of course, a personal loan allows you access to a certain ...

Continue reading 3 Ways to Improve Your Chances of Approval for a Personal Loan

March 12, 2021

The 7 Most Popular Ways to Commit Financial Suicide

By Len Penzo

I recently got back from a sightseeing trip around the San Francisco Bay Area. Of course, one of the most popular attractions in San Francisco is the beautiful Golden Gate Bridge. It's absolutely breathtaking to behold in all its ...

Continue reading The 7 Most Popular Ways to Commit Financial Suicide

March 8, 2021

A Few Thoughts from Aunt Doris: How to Make Ends Meet

By Aunt Doris

This is a reposted article in an occasional series from my dear Aunt Doris, who passed away in 2015 at the age of 94. When it comes to staying out of debt and making ends meet, I can only tell you what's worked for me. I was left a young ...

Continue reading A Few Thoughts from Aunt Doris: How to Make Ends Meet

March 5, 2021

How to Get Fast Approval on Installment Loans

By Sabado Domingo

An installment loan is a type of loan wherein the lender will lend the borrower a certain amount that the latter will pay off through regular installments. Installment loans are available for both personal and commercial use. However, before ...

Continue reading How to Get Fast Approval on Installment Loans

February 26, 2021

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