Credit scores are an area of personal finance that seem a lot more mysterious than they actually are. Many people believe that improving them is a matter of trial and error and, as a result, there’s a lot of “credit score advice” floating around that can end up doing more harm than good. We’ve rounded up and bunked four common credit score myths.
Once a year you go the doctor for a check-up. Twice a year you visit the dentist for a cleaning. But when was the last time you had a financial physical? Without one, you may not know if you’re financially healthy. Do you have too much debt? Are you saving enough for retirement?
Recent statistics show that average credit card debt per indebted household is just over $16,000. But it turns out some debt is good. It’s important you know the difference; for example, debt for a want, not a need, is bad debt.
Can borrowing save you money? Smart borrowing can. The difference between a so-so interest rate and a good one can mean thousands of dollars in your pocket, whether you’re financing a home, buying a car, or opening a credit card. Here are four great tips for smart borrowing.
Your credit union offers many attractive and affordable financing options for Members, but to ensure that you always have access to the credit you need, you must use your credit wisely.