A Quick Tip by Lynnette Khalfani-Cox, The Money Coach®
Taking advantage of an attractive new credit card offer, or a good balance transfer deal is often an excellent way to jumpstart your finances.
Credit & Debt
It’s a Money Thing: How to Overcome ‘Credit Card Shyness’
News outlets and credit card companies are quick to label millennials as being credit card-shy. According to a recent survey, millennials apparently fear their credit card debt more than climate change, the threat of war and even death. It may sound like an overreaction, but the underlying trend is substantial: millennials are carrying fewer cards and have lower balances, compared to the previous generation of young adults.
Quickly Fix Credit Report Errors
A quick tip from Lynnette Khalfani-Cox, The Money Coach®
It is estimated that 70%* of all consumer credit reports contains mistakes and some of those errors are serious enough to keep you from being approved for credit. If you’re in the market for a credit card, auto loan or mortgage, be sure to pull your credit reports first — before applying — and fix any mistakes.
Utilizing Credit Card Balance Transfers to Pay Off Debt
A quick tip from Lynnette Khalfani-Cox, The Money Coach®
If you started 2019 with the intention to get out of debt, you may be bothered to find that some credit card bills are still lingering.
Don’t panic! You can still get on track financially and more quickly eliminate debts. Consider getting rid of your high-rate cards by utilizing balance transfers to a card with a lower interest rate.
Avoid this Common Credit Card Mistake
A quick money tip from Lynnette Khalfani-Cox, The Money Coach®
If you’ve recently paid off a credit card, you might be tempted to close the account. But don’t! Canceling credit cards can often backfire on you, by causing your credit scores to decline.
The New Rules About Medical Bills and Your Credit
By Lynnette Khalfani-Cox, The Money Coach®
If you’ve ever had big medical bills that you couldn’t immediately pay, you know how troubling and stressful that situation can be. Even worse: for many years, past due healthcare bills could wind up on your credit report if a doctor’s office, clinic or other medical facility reported your bill to a collection agency.
6 Tips to Pay off Debt Faster
Find ways to free up cash in your budget, work to increase your income and look into different ways to pay down your balance. 
The Money Coach: How I Got Out of Debt and You Can Too
Meet the Money Coach
Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, television and radio personality, and the author of numerous books, including the New York Times best-seller “Zero Debt: The Ultimate Guide to Financial Freedom.” Lynnette once had $100,000 in credit card debt, but she paid it all off in three years and turned her financial life around. SchoolsFirst FCU is pleased to partner with her to provide financial education and advice exclusively for our Members. Continue reading
When Debt Can Be Good for You — And When It’s Bad
It’s next to impossible to go through life without accruing some debt. The good news is that some loans can be healthy and even productive, which means there’s no rush to pay them off. Other debts should be erased more quickly. Here are a few examples of debt that can help — and hurt — your financial health.