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Steer Clear of these High Interest Loans

Payday loans have been in the news again recently, as the Consumer Federal Protection Bureau (CFPB) proposes new rules that will force lenders to determine a borrowers’ ability to repay, as well as limit the number of times customers can repeat the loan. Currently, more than 90% of payday loans are repeated an average of seven...


Closing Costs: What You Need to Know

Posted in: Homeownership, Q&A

If you’re buying your first home — or it’s been awhile since your last real estate transaction — you might need a refresher on what closings costs are and how they work. Saving for a down payment is often discussed when purchasing a home, while closing costs can get overlooked; but they are an equally important part of a...


Secured, Unsecured & Pre-paid Cards — Which is Best?

As the financial landscape becomes more and more complex, consumers have more choices than ever before. And while that can be a good thing, it’s important to understand the options available when making important decisions. That’s especially true when it comes to the types of credit cards available. Here’s a breakdown of w...


Everything You Need to Know About Budgeting

Posted in: Money Management

One of the most important things you can do to help you reach your financial goals is establishing and following a budget. Though it may seem overwhelming at first, breaking down the process into manageable steps can help you succeed. GETTING STARTED First, you need to know how much money is coming in, how much is goin...


How to Monitor Your Credit

No matter what your financial goals are, knowing your credit score, how to read your credit report, and how to address errors on the report will help you take the steps necessary to achieve your goals. Use the following information as a guide to become more knowledgeable about your credit. YOUR CREDIT REPORT Your credit re...


What You Need to Know About Identity Theft

Posted in: Fraud Awareness

Identity theft is an unfortunate fact of life in the digital age. You must stay vigilant and take care to protect your personal and financial information from those who wish to misuse it for their benefit. Read on to learn how to spot identity theft and what to do if you think you have been a victim of identity theft. Signs o...


What You Need to Know About Deficiency Balances

Posted in: Q&A

What is a Deficiency Balance? When a vehicle is repossessed, or a property goes into short sale or foreclosure, it can result in a deficiency balance. A deficiency balance is the amount of the original loan that remains unpaid after the lender has taken back the property and sold it to cover the bulk of the loan balance. The...


What to Do If You Default on Your Student Loans

With student loan debt now totaling $1.3 trillion in the United States, the student loan crisis has reached a fever pitch and now affects more than 40 million Americans. To compound the crisis, the Consumer Financial Protection Bureau reports that one in four borrowers are in delinquency or default on their student loans. Studen...