What Is Your Credit Score Used For? Four Applications You Should Know
When working on your financial fitness, one of the first places experts say to look is your credit score. If you feel slightly lost when you hear the term, it’s okay; you’re not alone. A recent survey found that 31% of Americans don’t know their credit scores. Whether you’re looking for a new place to […]
Good Debt vs. Bad Debt: A Beginner’s Guide to Borrowing Responsibly
Debt management is an essential part of financial literacy. Knowing how to borrow responsibly can make the difference between reaching your financial goals and living paycheck to paycheck. If you’re new to borrowing, one essential skill that can serve you well is the ability to discern good debt vs. bad debt. If you’re asking, “what […]
Saving vs. Borrowing: Should I Take Out a Personal Loan for Big Purchases?
As your purchasing power grows, so does your spending responsibility. As a consumer with disposable income, it can be difficult to separate actual needs from wants disguised as necessities. If you’re not careful, small purchases of nonessential items throughout the year can quickly add up and get you off track from your budget. Retailers are […]
Budgeting for Housing: Pros and Cons of Renting and Buying a House
It’s exciting to step into your own place for the first time. You get a rush of independence you’ve never experienced before. You can make the space your own. Your home is a part of your identity now, so you want a place that fits. If you’ve just started your first full-time job, you may […]
Why You Should Start Your Business with a Loan from a Local Bank
Entrepreneurship is a dream for many individuals who are tired of their current working situation or desire to have more control over their careers. There’s nothing like the feeling of being your own boss. However, it can be extremely difficult to get the funds you need to lift your idea off the ground. Budding businesses […]
Getting a Startup Business Loan from Your Local Bank: How Do I Get a Small Business Loan?
Small businesses are foundational to the United States economy. In 2019, it was reported that small businesses make up 44% of all U.S. economic activity and are responsible for two-thirds of all jobs in the country. Small, local companies add value to their communities by providing essential goods, services and employment opportunities to the area […]
Best Banks for Car Loans: Getting an Auto Loan from a Local Bank
We all need a way to get around. For most of us who live outside of major metro areas, a car is our best bet to get from point A to point B. In 2020, a ValuePenguin survey found that 91.55% of all households reported having at least one vehicle. Cars are essential to getting […]
What Is the Prime Interest Rate & How Does It Affect My Loan?
Have you ever wondered how lenders determine the interest rate on your credit card or car loan? Well, it all starts with the prime interest rate—the baseline for borrowers least likely to default.
Types of Mortgage Loans: Which Is Right for You?
There are several types of mortgage loans. Selecting the right one to buy or refinance a home could lead to significant savings in the long run, especially if you qualify for a government home loan.
Ask These Three Questions Before Refinancing Your Home
If plummeting interest rates and a desire to save money have you thinking about refinancing your home, be sure to answer some key questions before taking the leap with a lender.
