Recent Articles
5 Ways to Celebrate National Financial Awareness Day
National Financial Awareness Day, celebrated every year on Aug. 14, is a great time to think about your money decisions and plan for a better financial future. In this blog, we explore five ways to celebrate National Financial Awareness Day, including reflecting on financial goals, learning more about personal finance, creating a budget, working on credit health, and exploring saving and investing strategies. What is National Financial...
How Does Taking Out a Mortgage Affect Your Credit Scores?
For many people, securing a mortgage marks the beginning of an exciting new chapter. However, considering the scale of such a large purchase, it's only natural to wonder about its potential impact on your credit scores. In this blog, we explain how taking out a mortgage can affect your credit scores. We also introduce you to a powerful tool – the FICO® Score Simulator offered by MyScoreIQ – that can help you plan for significant financial...
What are the Benefits of Financial Coaching?
Have you ever found yourself spending more time on Amazon than you’d like to admit? Taking a daily coffee run to Starbucks when you have coffee at home? Wondering why you aren’t able to save as much money as you’d like to? If you can relate, you might benefit from financial coaching. In this blog, we break down the benefits of financial coaching, so you can better understand if it’s the right solution for you. What is a Financial Coach?...
Is It Better to Use a Credit Union or a Bank?
Banks and credit unions offer many similar financial products and services. But if you’re looking for the best financial institution to open a new checking or savings account, take out a loan or open a new credit card, there are some key differences between banks and credit unions that you should know. Here’s how to help decide whether a bank or credit union is better for you. Credit Unions vs. Banks The biggest difference between banks and...
What is an FHA Loan and How Does It Work?
FHA loans can help you buy a home when you have low-to-moderate income, a lower credit score or limited funds for a down payment. Compared to other loan types, FHA loans have more lenient requirements that allow first-time homebuyers and less qualified borrowers to attain homeownership more easily. In this blog, we discuss how an FHA loan works and how to know if it’s right for you. https://youtube.com/shorts/HYdNNSw3soE?feature=share What is a...
Understanding Finance Charges: What You Need to Know
What Is a Finance Charge? Finance charges refer to the costs associated with borrowing money or obtaining credit from a lender. It is the fee or interest that a borrower pays for the use of the lender’s funds or the extension of credit. The charges can vary depending on the type of loan or credit arrangement and the terms agreed upon between the lender and borrower. They are typically expressed as a percentage of the loan amount or credit...
How Can Applying for a Credit Card Affect Your Credit Score?
Getting a new credit card can be exciting, but it’s important not to get carried away. Having too many credit cards can lead to things like multiple card inquiries and falling into debt, which can directly impact your credit score. This is why you need to find the right balance to help you manage your credit wisely to avoid these potential risks. In this article, we explore factors you should consider when determining how often to apply for a...
What Happens If You Don’t Use Your Credit Card?
Credit cards can be a useful financial tool, making it easy to make purchases and help your credit. But, what happens if you don't use your credit card for a long time? In this blog, we explore what can happen if you don’t use your credit card and provide tips to help keep your account active and in good standing. We also discuss how neglecting your credit card can negatively impact your credit score, lead to fees and penalties, and even result...
Cash Stuffing: The New Way to Save and Budget Your Money
Cash stuffing is a new trend that is quickly gaining popularity. It is a simple and effective way to save and budget your money. And it can help you to stay on track with your financial goals. What is Cash Stuffing? Cash stuffing is a budgeting method where you physically take cash out of your bank account each month and divide it into envelopes with each labeled for a different expense. For example, you might have an envelope for rent, one...
How Do You Build Credit in the Military?
May is Military Appreciation Month, a time to honor the contributions of our military members. Managing finances and building their credit can be challenging for those serving in the military, especially when they are deployed and gave to spend a significant amount of time away from home. Here are tips on how to help improve your credit during your military service so that you can establish a solid financial foundation for the future....
Recent Posts
Premier Credit Monitoring.
Receive premier credit monitoring and identity theft insurance for you and your family with our MAX plan.**
*Source: Fair Isaac Corporation.
**Underwritten by AIG.
FICO is a registered trademark of the Fair Isaac Corporation in the United States and other countries.
Follow us on social