News

  • How Long Should You Keep Your Oldest Credit Accounts Open?

    You’ve probably heard before that closing a credit card can hurt your credit score, but does that mean you have to keep your accounts open forever to protect your credit? Fortunately, the effect on your credit score depends on a number of factors, and may even be minimal. To make sure you keep your credit in good standing, it’s important to learn which factors impact your score so you can decide which accounts to keep open and which ones to close.

    Why Credit Accounts Are Closed

  • Tips for Buying a Used Car

    You’ve decided it’s time to get a new car, and are looking for ways to save. Once you’ve determined how much you can afford using our handy Auto Loan Calculators, it’s time to get serious about the finding the right car. Buying used is a smart way to save and get a good car for your money, but it’s important to take precautions and do your research once you start shopping. Knowing what to check for will help you make the most informed decision and get the best deal.

  • Protect Yourself from Social Media Scams

    Social media provides a great way for us to stay connected with family, friends, and colleagues, but it also provides access to a vault of information that can be dangerous in the wrong hands. Social media is a common hunting ground for scammers because users can unknowingly share a wealth of personal details that hackers dream of. The best way to protect your information is to arm yourself with knowledge and learn the red flags of these common social media scams.

    Information Scams

  • How to Save for a Down Payment on a Home

    Buying a home is a big financial step, and can feel overwhelming if you’re not sure what to expect. Saving up enough money for a down payment is a key aspect of buying a home, and one that comes into play early in the process. It can feel especially overwhelming thinking about how you’ll be able to save that much money unless you break it up into small, actionable steps. It won’t happen overnight, but with time and dedication, you might even reach your savings goal sooner than you expected.

    Here are some steps you can take to help you save up for a down payment:

  • Choosing the Right Credit Card for Your Needs

    You probably receive multiple offers for a new credit card each month, most boasting terms that sound too good to be true (which means they probably are). While there are excellent credit card deals out there, it’s important to shop around for the best card for you. Carefully review the card’s terms and conditions so you know what you’re getting into beforehand. Comparison shop for things like fees, benefits, and other features. This information is required to be listed in the credit card’s user agreement, but you have to know what to look for.

  • Mistakes to Avoid When You Refinance Your Auto Loan

    When you take out a loan to finance the purchase of a new or used car, you don’t have to be stuck with that loan until the end. If you refinance your original loan with a new lender, you could end up saving money by getting a lower interest rate and monthly payment. But as with any financial decision, it’s best to take time to consider whether or not refinancing makes sense for your individual circumstances.

  • How to Avoid Travel Scams

    With summer time approaching and most schools wrapping up for the year, now is usually a popular time for vacations, road trips, and other fun adventures. Although your summer plans may have been impacted by the current pandemic, if you’re still planning on traveling, even locally, it’s important to stay aware to protect yourself and your family from scams.

  • What Do Mortgage Lenders Look For?

    Buying a home is an exciting step, but it can also feel very overwhelming, especially if it’s your first time buying a home or you just aren’t sure what to expect throughout the mortgage loan process. Lenders look at your overall financial profile when reviewing your mortgage application, not just your credit score. It’s important to know what other factors mortgage lenders look for so you can know where you stand when applying for a mortgage loan.

  • Don’t be Fooled by Hidden Credit Card Fees

    Not all credit cards are created equal. Different cards have different terms that you should carefully review during your application. In addition to varying interest rates, credit limits, and balance requirements, pay special attention to the fees mentioned in your credit card agreement. It’s important to know which fees you will be responsible for and how you can avoid paying them.

    Watch out for these fees when choosing and using your credit card:

    High Interest Fees

  • Why You Should Consider a Credit Union to Refinance Your Auto Loan

    When you’re in the market for a new or used car, you’re probably thinking about financing the vehicle. While dealerships make their own financing programs seem attractive, it’s always a good idea to shop around for the best auto loan rates – starting with local credit unions. Credit unions are often able to provide better rates and service than commercial banks.

    Here are some reasons to consider a credit union for your next auto loan, or to refinance your current loan:

    Competitive Interest Rates on Auto Loans