Ways in which student loan debt can impact your life
Ways in which student loan debt can impact your life Student loans are one of the largest sources of debt in the United States. There is more than $1.7 trillion of student loan debt in the United States, with the average borrower owing nearly $30,000 to their lenders....
How to buy Christmas Gifts on a Budget
How to buy Christmas Gifts on a Budget The holidays are right around the corner. That means that you’re probably wondering how to budget for Christmas gifts. Although it’s the season of giving, you don’t have to break the bank. With the right planning, you can get...
What is FDIC insurance and what does it cover?
What is FDIC insurance and what does it cover? What is FDIC insurance? The Federal Deposit Insurance Corp. (FDIC) is the agency that insures deposits at member banks in case of a bank failure. FDIC insurance is backed by the full faith and credit of the U.S....
What are the different types of saving accounts?
If you’re looking to get started on your journey of personal finance, a Savings Account is the first and most fundamental financial product needed. A Savings Account can be opened with Commercial Banks, Co-operative Banks, Credit Unions, and Post Offices. For most...
What are the advantages of online banking?
Mobile banking has taken our world by storm. Though many are weary of its benefits, online banking provides many advantages that can’t be ignored! It is a safe and convenient way to track, transfer, and deposit money individually with less clutter. When choosing a...
Questions to ask in order to better understand your mortgage
When deciding to take out a loan for a home it is important to feel completely secure in your provider. Feel comfortable asking lots of questions to better understand the process, program, and provider! Here are five questions to ask to better understand your...
The Top 5 Challenges Facing Credit Unions
Credit unions have been around for over 100 years, and they continue to be an important part of the financial landscape. However, they are currently facing a number of challenges that need to be addressed. In this blog post, we will discuss the top 5 challenges facing...
Everything you need to know about floating interest
It is difficult to decide what is the best form of interest when seeking a loan or mortgage. The options can oftentimes be overwhelming and strenuous to navigate. Fixed, APR, compound, simple, and floating interest are just a few options to choose from. Floating...
What are the roles needed for your debt management success?
What are the roles needed for your debt management success? Debt can be scary and overwhelming, so reaching out to an agency is a great way to minimize your worry. Debt management services work to educate, analyze, and assist the consumer to create a personalized...