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.


Continue reading

Security Tip: It’s Now Free to Freeze Your Credit Reports

By Lynnette Khalfani-Cox, The Money Coach®

With so many data breaches occurring, it might be a good idea to freeze your credit reports to help fend off identity thieves. A credit freeze locks access to your credit, so even if crooks get ahold of your Social Security number, they won’t be able to open any fraudulent accounts because the credit freeze prevents it.

Continue reading

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.

Continue reading

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

How to Make a Secured Card Work for You

This article is reprinted courtesy of NerdWallet.

If you crave the convenience of credit cards but worry about getting in over your head, a secured credit card may provide an unexpected solution. While they’ve developed a reputation as an option only for those who need to build or repair credit, secured credit cards offer some unique wider benefits worthy of a second look.Couple Using Bank Card Online With a Laptop

Continue reading

Travel Smart Using Your Rewards Credit Card

By Dan Skaggs

Dan Skaggs is a product manager for SchoolsFirst FCU and is based in our Tustin office.

Whenever we get the opportunity, my wife and I love to travel, and we always use our SchoolsFirst FCU Rewards Mastercard® to make our vacations easier and more enjoyable. Over the years, we’ve been to Mexico, Brazil, Uruguay, Costa Rica, England, France, Spain, Portugal, Italy, Switzerland, Germany, Austria, the Czech Republic, Morocco and South Africa. Most recently, we enjoyed using our Rewards Card when we visited Singapore, Thailand and China.

Continue reading