St. Louis on the Air – 5/28

May 28, 2009

Today the focus of KWMU’s St. Louis on the Air was financial literacy.  Host Don Marsh was joined by three guests all working within the St. Louis community to increase financial literacy—Suzanne Gellman, Consumer Economics Specialist at University of Missouri Extension; Cassandra Kaufman, Director of Community Investment at the United Way of Greater St. Louis; and Yvonne Maldonado, Youth Specialist at Kingdom House. 

The program covered many topics, including recent credit card legislation, teaching young children about financial responsibility, and much more. 

To learn more about the panelists’ organizations, and to listen to the full program, CLICK HERE.


Debt Settlement Companies

April 20, 2009

Yesterday in The New York Times there was an article about debt settlement companies.  The article features one West Virginia family who used a debt settlement company to try to manage their thousands of dollars of credit card debt, only to end up with higher credit card balances than before.  The company took around $4,000 from the family, but didn’t help them manage their credit cards at all.

During these tough economic times, we need to be aware of companies saying they’ll take care of foreclosure or credit card debt.  Make sure you work with a non-profit counseling agency; for foreclosure help, the company should be HUD-certified

If you or someone you know needs credit counseling, call United Way’s 2-1-1 Referral Service at (800) 427-4626–they’ll help connect you with trusted resources.  You can also contact one of our partners, ClearPoint Credit Counseling Solutions, for help with credit card debt.  If you think you may have been part of a fraudulent scheme, contact the FBI.    

To read the full article from The New York Times, CLICK HERE.

The Financial Crisis

March 30, 2009

The Federal Reserve Bank of St. Louis developed a website designed to keep the community informed about the financial crisis and what actions the Fed is taking in response to the crisis.

The website includes recent news, a timeline of events, articles about the crisis, frequently asked questions, and a glossary of important financial terms.

To check out the website, CLICK HERE.

The Financial Crisis Explained, Part 4

March 18, 2009

In this final segment from our January call-in program, the panelists talk about using home equity loans to pay off credit card debts—something they don’t recommend. Also, St. Louis resident Sue Livingston talks about how her home was saved after watching KETC. Ms. Livingston sought help from Beyond Housing and she wants people to know that it’s okay to ask for help.

The Financial Crisis Explained, Part 2

March 13, 2009

A few days ago we posted the first of four clips from our town-hall call-in program that aired in January. In this second segment, Ruth Ezell talks to the panelists about credit cards—the dangers of using credit cards like cash, and the importance of understanding the terms of your credit cards. This clip also features information on neighborhood stabilization efforts and the proverbial American Dream.

Tip of the Day: An Explanation of a Universal Default Clause (2/25/09)

February 25, 2009

Today’s tip features Dennis Johnson of ClearPoint Financial Solutions as he explains a universal default clause. This clause may be part of your credit card application, and it means your credit card company can monitor your credit history. So if you miss a payment with anyone, your credit card company can raise your minimum payment amount and/or your interest rate. It’s especially important to understand the terms of your credit card and to read everything your credit card company sends to you.

Facing the Finanancial Crisis – LIVE TONIGHT!

January 27, 2009

Tune into Channel 9 TONIGHT or watch the live-stream of Facing the Financial Crisis at 7:00pm CST.

Channel 9 producer Ruth Ezell and a panel of experts discuss the impact of the national financial crisis in our area and answer questions from the audience. A team of counselors and advisors from area nonprofit organizations will be on the phones to answer specific viewer questions and connect residents with local resources.

You can watch online at 7pm CST tonight here:

You can join us for a live chat – after the show – at 8pm CST by clicking below:

Facing the Financial Crisis