Credit and Loans

How to build your credit and some of the top myths exposed

For many people, improving their personal financial outlook is closely tied to boosting their credit scores. After all, a good score can save you thousands when it comes to loans for things like a house or a car. So how can you get there? Through a review of our top mythbuster posts, we’ll show you how to build your credit by dispelling some of the biggest “urban credit legends” about what helps your credit and what harms it.

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Author SAC FCU Managing Editor

Credit and Loans

Want a Stress Free Season? Consider a Holiday Loan

Lively family gatherings, sumptuous food, sparkly events, and piles of colorful presents: These are the images that suffuse the holiday season, but behind all that warmth and good cheer can be plenty of stress, especially when it comes to holiday-related finances.

Thankfully, there’s a way to get control of seasonal spending without giving everyone socks and toothbrushes this year. SAC FCU’s holiday loan special can help you create a stronger financial management plan that helps you sail into 2018 feeling confident.

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Author SAC FCU Managing Editor

Credit and Loans

Personal Loans – The Payday Loan Alternative

Unexpected expenses may leave some folks scrambling to get their hands on fast cash, but before you sign up for a payday loan, it’s important to first consider a much better option: a personal loan. Taking out a personal loan from a credit union will leave you with more money in your wallet and far fewer fees to pay.

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Author SAC FCU Managing Editor

Credit and Loans

Get smart about spending: Using a credit card wisely

Are your credit cards collecting dust or racking up frequent “swiper” miles? Whether your cards are dormant or constantly in use, you may be guilty of common credit card blunders that are costing you precious time and money. But learning how to use a credit card wisely can help ensure you’re taking full advantage of its benefits. We’ll show you how.

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Author SAC FCU Managing Editor

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