The Pros and Cons of Credit Card Consolidation
You may be asking yourself “Are those credit card balance transfers really worth the fees?” A lot of people use multiple credit cards for purchases and then end up needing to consolidate that debt to reduce paying higher interest rates, but is that really the best way to consolidate that higher interest debt? How do…
W567W246
Understanding the Importance of your Credit History and Score
Who needs a good credit score anyway? Credit history, credit reports, credit scores – you might be saying who cares about all this stuff? Maybe your parents help you with all your expenses, or you just think you can get through life without worrying about credit. Wouldn’t that be awesome, but the fact is…
The Importance of Your Credit Score
Did you know that your credit score helps determine a great deal more than your qualifications for a loan and the interest rate you pay? For example, insurance companies may use credit scores to set premiums for auto and homeowner’s coverage. And, when you rent an apartment, landlords may use your credit score to decide…
What is a Credit Union?
Credit unions and banks have many similarities and differences. While they are both financial service institutions, one of the biggest differences is that credit unions are non-profit cooperatives and banks are for-profit companies. But, as fees for financial services continue to rise and lending rates continue to fluctuate, many people are searching for the best…
Home Equity Loan vs. Home Equity Line of Credit
Did you know that homeowners can use the equity in their home to borrow money for just about anything? And, because the loan is secured with collateral (the home) the rates are usually much better than traditional personal loans or credit cards because the risk to financial institution is reduced. Home Equity Loans and Home…