Blog Archives

Unintended Consequences of Borrowing

There’s a question we rarely hear these days when making a purchase: ‘Cash or credit?’ Now, using a credit card can have it’s advantages, but as we’re reminded by Crown’s founder, the late Larry Burkett, it can also have a couple of unintended consequences.   If you’re struggling with credit card debt, I recommend Christian […]

Good Rent History Now Helps Get a Mortgage

Good renters can become homeowners. Fannie Mae launched a system that incorporates rent payments in their mortgage credit evaluation process. This helps those with limited credit history but strong rent payment history. Hugh Frater, the CEO at Fannie Mae, says, “Many renters believe they will never be able to buy their own home because of insufficient […]

Build Credit Without A Credit Card

Your payment history is the most important factor in calculating your credit score. Now what if you have no credit history? People will tell you that credit cards are necessary to build your credit. That’s wrong. You can build it in other ways. Experian Boost is a free service to instantly improve a score. Using […]

Obstacles to Financial Progress

Are you facing obstacles to your financial progress?  Today, Crown’s founder, the late Larry Burkett, takes a look at some of those obstacles and how to overcome them.    Now if you’re struggling with credit card debt, I recommend Christian Credit Counselors. They’ll create a debt management plan specifically for you. For more information call […]

PPP Loan Fraud

Fraud erupted when the greedy sought money from the Paycheck Protection Program last year. The PPP was created to help small businesses during Covid, but Tens of thousands of loans went to ineligible businesses. Propublica reported in May that 7 million dollars of Loans went to hundreds of fake farms. Kabbage is an online lending platform. […]

Considering a Reverse Mortgage?

Considering a reverse mortgage? I’m not a fan. Reverse mortgages allow people over age 62 to borrow against the value of their home. They’re complicated and expensive.  I don’t like them because they increase the risk of losing your house. A Home Equity Conversion Mortgage is the most common, but all have financial implications. Money’s […]

Savings Day – Spend Wisely, Save Swiftly

To quickly boost savings, you have to reduce spending. A clear savings goal will motivate you to cut back on spending so you can save more. Eliminate temptations. Reduce your exposure to social media, TV, and magazines. Limit shopping in person or online. Substitute it with healthier activities. Before making purchases, just stop. Give yourself at least […]

Savings Day – Avoid These Common Mistakes

If you want to grow your savings account, learn to avoid some common mistakes. According to, people lose financial progress when making the following mistakes. The first is having too many goals. It’s overwhelming. So, start simple. Focus on 1 or 2 things for a month or quarter, like building your emergency fund or […]

Short Term Planning

If cash shortages require you to use credit cards, try short-term planning. Planning takes a little time but can save you a lot of headaches. Consider the ant. Solomon said, in Proverbs 30, that they’re small creatures of little strength. They wisely store their food in the summer when times are good. Then they’ll have […]

Can You Save Money by Transferring Debt?

Are you carrying credit card debt? The average credit card debt in America is $5,300. In 2019, it was $6,200. Hopefully, people are wising up to the financial damage of high-interest rates on debt. Covid has impacted spending, and maybe stimulus checks are being applied towards debt. Many think a balance transfer card will solve […]