Dr Flavius Akerele III's The E Team Education blog

When you do not have money, you are often expected to do without certain things. For example: a nutritious diet, little treats such as an ice cream cone, gym membership, TV, vacations, etc. All these pleasures are well known to increase life and quality of life: why then are they often the first things expected to go? We no longer have debtors prison, but we still have many people in this country locked in a cycle of debt, often “legal debt” such as parking tickets, child support, and lord forbid you have a probation debt! If you have the money, you can pay these things off right away and move on, but if you do not have the money, these debts can quadruple in cost when you factor in payment plans, interest, penalties for losing your job and therefore a payment, etc. These are issues the average American cares about, these are issues of which there is no solution proposed or even thought of because there are companies who make billions of dollars a year because of the s...

Like many people in this country, I have had credit issues in the past and have to “repair” my credit. As educated myself on how to repair, I realized that a lot of the tools used to repair credit are faulty tools. A lot of these tools can land you back in that credit trap that you just escaped from.  If you were repairing your car, would you knowingly use faulty tools to the job? Have you ever looked at the fine print on some of the myriad of credit card offers that come in the mail? $25 one-time processing fee, $79 annual feel, and $8 a month processing fee, all for a credit limit of $700! What is worse is if you are not educated on what is best for you and sales techniques, you can get bamboozled into signing up for one these cards. The sales people are very slick and they are fast talkers. Credit involves risk; that I understand completely, but there are so many factors that can affect a credit score, and many of these factors are out of our control or require st...