Credit and Loans

Learn how credit cards work: The fine print

Credit cards can be a useful part of your financial toolbox. Along with enabling you to purchase items now and pay for them later, credit cards can also help you build your credit score. But don’t start filling out that application until you have a good understanding of how credit cards work. It’s easy to sign on the dotted line, but it isn’t as easy to understand the fine print that weaves its way into credit card contracts. Before signing up, here’s what to keep in mind about hidden (and potentially deceptive) credit card terms and conditions.

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Author SAC FCU Managing Editor

Credit and Loans

Personal loans 101: Learn the basics

When you hear the term “personal loan,” you might imagine loaning your friend $20 or your teenager asking to “borrow” money for something frivolous. In financial terms, what it actually refers to is a loan that isn’t secured by any collateral (like a car or house). Learn more about this type of lending in this personal loans overview.

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Author SAC FCU Managing Editor

Credit and Loans

Looking to reduce debt? Consider a credit card balance transfer

From college textbook purchases to holiday shopping trips, credit card debt can start to pile up for a lot of people. Because they typically carry higher interest rates, eliminating any debt you’ve accumulated on credit cards can have a big financial impact. One simple tactic for paying down that debt is a credit card balance transfer.

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Author SAC FCU Managing Editor