Although information about credit building is readily available, there’s still a great deal of mystery surrounding certain topics like debt management and credit cards. Public Service Credit Union is here to shed some light on those myths! If you’ve been working hard at improving your score and have seen little progress, buying into any of… Continue reading 5 Common Credit Building Myths
One of the ways you can improve your credit score is to raise the credit limit on your credit card. When a credit limit is increased, it automatically lowers your credit utilization ratio, because there’s suddenly more credit available. This gives your credit score a boost. However, you may be asking a very smart question,… Continue reading Can I Have a Credit Limit That’s Too High?
Which is better, buying vs. renting? This debate has raged for many years, with many believing it’s best to own a home rather than throwing money away on a rental you’ll probably never own. However, times have changed, and in many instances, renting can be the more cost-effective option. Buying also isn’t without its advantages.… Continue reading Buy vs. Rent: Is It Better to Rent a House?
Getting your first credit card is exciting. Not only are credit cards convenient, but they can also put you on the fast-track to improving your credit score, assuming you use them wisely and avoid common credit building myths. This begs the question of, “How do I handle my first credit card responsibly?” Public Service Credit… Continue reading How to Handle Your First Credit Card
Refinancing an auto loan affords a lot of benefits; it can help reduce your monthly payments, earn you a lower interest, and/or extend your loan term. And when you’re budgeting your money, any little bit helps. If you’re struggling to make your car payments on time, refinancing can be a smart option to consider and… Continue reading Why Should I Refinance a Car Loan?
Chances are you have at least one of both types of cards in your wallet, but which is the all-around better choice? When it comes down to a credit card vs. debit card, both offer benefits and possible cons. How much a card will help you or put you at a disadvantage depends on your… Continue reading Credit Card vs. Debit Card
If you have a checking account or savings account, you’ve probably wondered, “How much cash should I keep in the bank?” The answer changes depending on who you ask. While there’s no amount that’s universally agreed upon, there are different savings formulas you can adopt into your monthly budget. If you haven’t done so already,… Continue reading How Much Cash Should I Keep in the Bank?
Whether you’re visiting a brick and mortar bank or credit union in Detroit or checking your account online, there’s always a level of risk involved. As more people take advantage of the convenience of online banking, online threats and attacks become more common. Fortunately, there are ways to protect your savings and checking account; some… Continue reading 5 Tips for Safer Online Banking
If you enjoy saving time and money, online banking is a no-brainer. Assuming you’re following online banking safety tips, managing your finances online is quick and easy. And it’s not just banks that offer this handy service! Credit unions often provide both online and in-person services. When you join a credit union, you can receive… Continue reading Why Consider Online Banking?
If you’re budgeting for retirement, you may be wondering, “What’s the difference between a 401k and an IRA?” The main difference is that a 401k plan is set up by an employer, while an IRA is an individual account. Learn more about how a 401k vs. IRA compare and which is the better investment choice… Continue reading 401k vs. IRA: What’s the Difference?