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DEMOTTE — The DeMotte Chamber of Commerce welcomed the new Tractor Supply Company with a special ribbon cutting ceremony on Friday, during the store's grand opening celebration. The store open…

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DEMOTTE — DeMotte Chamber of Commerce President Rosemary Weeks sent a letter Friday morning to all the chamber members announcing the resignation of long time Executive Director Diva Rish. Wee…

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MoneyTips

On Halloween, we all enjoy handing out treats to the little monsters that arrive at our door asking for candy. Unfortunately, some of us have to deal with damage created by larger monsters that arrive at our door asking for trouble.

Vandalism and property damage are just some scary Halloween insurance concerns. You also have to consider the possibility of trick-or-treaters getting hurt on your property or accidents caused by decorations or other holiday accoutrements. Are your insurance policies ready to handle any horrors that the holiday may bring?

Here are some of the most common Halloween events that might trigger an insurance claim.

  • Slips and Falls – It is easy for smaller children to trip or slip and hurt themselves, especially with elaborate or clunky costumes that make it hard for them to see clearly or walk normally. Add the an...

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MoneyTips

We all go through major life changes, both positive and negative. All have the potential to affect your credit, in either a positive or negative way. The outcome depends on how you handle these life events and the corresponding changes.

Consider the following examples.

1. Going to College – College is more than four years of fun – it's an investment in your future. Is your degree likely to result in a job that pays enough to cover your student loans?

You can build credit by making all student loan payments on time or ruin your credit through missed payments and excessive spending. If you need help, income-based repayment plans and other assistance programs are available.

2. Changing Your Marital Status – Your credit scores won't blend after marriage, but activity on joint accounts will affect both credit sco...

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MoneyTips

You shopped around to find the credit card with the best annual percentage rate (APR) for your qualifications. Maybe you've got a lower rate than the average – around 17%. The last thing you want to do is incur a penalty APR that ruins your hard work.

If you've missed a credit card payment for at least sixty days, your account may be subject to a higher interest rate known as a penalty APR. The penalty APR represents your increased risk in the card issuer's view – if you've missed one payment, you're more likely to miss other payments.

You can be assessed a penalty APR for reasons other than missed payments, depending on your card issuer's policy. Examples include returned payments, making charges past your credit limit, or defaulting/missing payments on a different account with the same card issuer.

Penalty APRs can be up to 29.99%, but may be lower depending on your card's terms and your creditworthiness. Review the terms and conditions section of you...

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MoneyTips

To some of us, Halloween is an enjoyable time to dress up our children and/or ourselves, carve scary pumpkins, decorate our home with spooky effects, gorge on treats, and spend the next morning jogging off a candy binge. To others, it is a time to figure out how much candy they need to have on hand to avoid cleaning toilet paper out of their trees the next morning.

Regardless of what you do the morning after Halloween, with these simple steps you can wake up with a thicker wallet than usual, and not just from hiding Hershey's Kisses in it.

  1. Buy Bulk Candy – You can save tremendous money by buying individually wrapped bulk candy instead of the overpriced brand name assortments at your grocery store or pharmacy. Do make sure that you buy individually wrapped candies; parents will (and should) shy away from letting their children try loose candies because of tampering concerns.

  2. Make Your Own Costumes – It take...

Can You Save Money With Honey?

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MoneyTips

Bills are due, and you're out of money. You're considering a payday loan to plug the gap in your cash flow. You think you can use the payday loan responsibly and use it to build up your credit score. Think again.

Payday loans, along with almost all no-credit-check loans, do not report payment information to the credit reporting agencies. The only time payday loans show up in credit activity is when the loan goes into collections. A payday loan can't help your credit score, but it can harm it once an unpaid debt is reported.

Before you seek a payday loan, understand what a payday loan is and how they stack up against alternatives. Payday loans target the poor credit market. Since there's higher risk to lenders when the borrower's credit is poor or unknown, lenders charge higher interest rates.

Payday loans are short-term, small loans – generally for $500 or less and due within two weeks (the typical pay cycle). Because of the relatively small size of the...

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MoneyTips

After years of spotless credit, let's say you've harmed your excellent credit score by missing a payment. Perhaps you've had an unexpected accident or medical expense that disrupted your payment schedule, or maybe you simply had a brain cramp and forgot to submit your payment on time.

You've made good on the missed payment, along with any late fees – but now you have a black mark on your credit history that will drop your credit score and be a factor in your credit score calculations for up to seven years.

However, you may have an alternative. You can attempt to have the late payment removed from your credit report by sending a goodwill letter to the creditor that reported the missed payment.

A goodwill letter is different from a letter disputing a charge or a payment status. In ...

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