Credit and Loans

What is a Home Equity Line of Credit?

Maybe you’re interested in adding a deck to your house. Or maybe you want to help pay for your daughter’s wedding. If you’re a homeowner looking to borrow money, a HELOC might be a good option for you. So what is a home equity line of credit? In short, a HELOC is a revolving line of credit you can access by borrowing against the equity in your home. (Equity is the value of your house minus what you owe on it.) You can use these low-interest loans for just about anything, and approached correctly, a HELOC can be a smart way to borrow money: Here’s what you need to know about this kind of loan.

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Author SAC FCU Managing Editor

Credit and Loans

3 Important Steps to Transferring Credit Card Balances

If you’re chipping away at a mountain of credit card debt, you might feel like it’s a never-ending task. Part of the reason it can be hard to gain ground is high interest rates that continually add to your bottom line. If you’re looking at a pile of debt with a sky-high rate, a balance transfer might be a good option for you.

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Author SAC FCU Managing Editor

Credit and Loans, Resources

An Essential Guide to Credit Fundamentals

Credit affects many parts of your overall financial health, from your budget to the types of loans you’re able to get. And good credit doesn’t just appear overnight – it takes careful management and strategic planning to build or rebuild your credit. So where do you start?

In our ebook, The Building Blocks of Credit, we’ll show you the importance of establishing a good credit rating, offer tips on how to keep your credit on track and rebuild poor credit, and dispel common credit myths so you can build or maintain a healthy credit profile.

Download The Building Blocks of Credit today and keep your credit healthy now and in the future!

The building blocks of credit e-book

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Author SAC FCU Managing Editor

Credit and Loans

Savvy Advice on Choosing the Right Credit Card

From building a credit history to financing a short-term purchase, a credit card can really come in handy, but the sheer number of options available can be overwhelming – and leave you more than just a little confused. With so many different credit cards and rewards programs out there, how do you know which one is right for you? Here we help you sort out the choices by looking at the top four considerations for choosing the right credit card for you.

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Author SAC FCU Managing Editor