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Good credit is essential to building a healthy financial future. As interest rates continue to rise, it’s more important than ever to make sure your credit is either ‘very good’ or ‘exceptional’. The benefits of having such top tier credit are worth the time and effort it takes to build it. For starters, good credit …

THE BET Cooperative Credit Union Limited ended the last fiscal year with financial investments totaling $16.1 million.This was one of the highlights told to members at their Annual General Meeting held recently. The board, led by chairman Felton Burton, revealed that the financial investments were spread across a portfolio of 14 separate investments across six …

SPACE COAST DAILY TV SPECIAL PRESENTATION VIDEO ABOVE: Launch Credit Union’s fraud manager talks to Space Coast Daily’s Karina Connor BREVARD COUNTY, FLORIDA – In today’s high-tech world, it’s essential that everyone takes steps to protect their confidential information from scammers. Launch Credit Union’s fraud manager recently visited Space Coast Daily’s Karina Connor to share …

Image via Benchmark Federal Credit Union. If you think you could never be scammed, think again. Bad actors continue to evolve their methods to achieve their nefarious goals. Benchmark Federal Credit Union is seeing an alarming increase in scams targeting people of all ages and backgrounds, including savvy job seekers looking to work from home. …

Small business credit scores are similar to personal credit scores, except that they are specifically for business ratings. A small business credit score is important to a business owner and to the businesses that interact with that small business, such as vendors and suppliers. What are business credit scores? Small business credit scores assign a …

Source: Zapp2Photo/Shutterstock. Successful credit unions are constantly embracing new economic trends that are significantly transforming the industry. Today, members of all generations prefer fast, low-friction transactions and the ability to pass the credit approval process, forcing credit unions to view members as more than a credit score. traditional credit. Retaining and attracting new members in …

A credit score is a number that lenders use to decide how likely they are to be repaid on time if they extend credit to a borrower. The credit score is calculated based on the information contained in the credit report, which is a record of the borrower’s credit history. A higher credit score indicates …

A merchant with a poor credit rating, whether due to recent bankruptcy, tax lien, or any other reason, is automatically classified as a “high risk” merchant, and most banks and leading merchant services companies would deny them credit card processing services. . Many merchant service organizations refuse to engage with merchants with low or unfavorable …

Credit unions and fintech lenders may seem strange, but in recent years they have formed successful partnerships. Online lenders have grown like wildfire and along the way have sold their loans to many credit unions who see the value in diversifying their balance sheets and gaining access to loan products and programs. which could be …

You have many options for getting a mortgage, and it’s not just the big lenders or the regional banks. Credit unions are also increasing their participation in the mortgage market. Not only do credit unions offer competitive loan terms and a more personalized customer service experience, but they also present more flexible loan criteria in …

Teachers Federal Credit Union was my first bank account (OK, technically it’s a credit union). I grew up in Stony Brook on Long Island and my mother worked for the school district, so as financially savvy individuals, we opted for our local credit union. Teachers Federal Credit Union had a branch near us and I …

If you are a homeowner, you have a valuable asset: the equity in your property. But while you may have easily qualified for your original mortgage, you’ll still need to prove your creditworthiness if you want a home equity loan. This means that your credit score is one of the deciding factors between approval and …

Quick loans save your life when you are in financial trouble. Millions of Americans have used quick cash loans at one time or another. So whether you’re short on cash because you just shelled out hundreds for a home repair, or maybe you bought an expensive birthday present, or covered an emergency expense, loans in …

Source: Adobe Stock. Despite continued uncertainty about the future of the COVID-19 pandemic, credit union groups are moving forward with plans for many in-person conferences in 2022. Here’s a look at what’s been planned so far for the year, listed alphabetically by group name, along with links to conference registration pages when available. CU time …

INDIALANTIC, Florida. – A man suspected of robbing a Space Coast Credit Union in Indialantic was arrested on Wednesday, according to the Indialantic Police Department. Juan Antonio Rodriguez Gonzalez, 34, is accused of robbing the bank on Tuesday morning. [TRENDING: Disney’s Cirque du Soleil show offers Florida resident ticket deal | Merritt Island girl struck …

By Josh Liberatore (June 8, 2022, 2:28 p.m. EDT) – A credit union seeking to cover millions in embezzled funds has sued its fidelity bond insurers in federal court in Georgia, alleging that the insurers secretly altered the policy wording to escape “substantially any catastrophic loss” coverage without executing the changes by their underwriter or …

Lenders look at your credit report and credit rating to assess the risk of lending you money and whether you will be able to repay the borrowed money or not. Generally, a higher credit score makes it easier to approve financing and credit products. Conversely, a less than ideal credit score can set off red …

How long does it take to raise a bad credit rating? Depending on how you go about it, raising your credit score can take as little as a few months or as long as a few years. Quick warning here, though: credit repair companies that promise to erase your credit history overnight are a scam. …

(Photo: Shutterstock) New research reveals how financial attitudes influence consumers who tend to seek investment advice and those who tend to avoid it, providing new insights for finance professionals and researchers on how to help people with different attitudes towards money to evaluate investment advice. “The Money Scripts Related to the Use and Trust of …

A low credit score will hurt you when trying to obtain any type of credit. Although you won’t be denied new credit, you may not get the best interest rates. You will also not benefit from large credits or longer repayment periods to pay off the debt. Fair or even bad credit scores can be …

Source: Shutterstock. All financial institutions, especially credit unions, provide valuable services. Verifying, or if you prefer, sharing draft accounts, has value, but they’re ubiquitous, so consumers no longer recognize their value. Credit unions have done this to themselves by traditionally offering free checks. We don’t recognize the value of trading accounts, so how (or why) …

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Personal loans can undoubtedly be a great financing option for just about any consumer, as they …

More and more companies are using your credit scores to make decisions about your critical financial needs. That’s why a good credit score is necessary, not only to get a credit card or a loan, but also to get housing, a job, low insurance rates and much more. Our editors recently found a service that …