Financial planning can be intimidating, but it means the difference between peace of mind provided by an emergency fund, or living in chaos. These questions are the first steps to get you started in deciding how much you need to save. Find a Credit Union Ask These Important Financial Planning Questions How much do I… Continue reading 9 Financial Planning Questions You Need to Answer
CD stands for certificate of deposit. What is a CD? It’s a federally insured savings account with a fixed interest rate and a fixed date of withdrawal. Credit unions near Detroit also offer their own version of CDs — share certificates — which are insured up to the account’s amount via the National Credit Union Administration.… Continue reading What is a CD?
Your credit score — good or bad — is an important figure, but it’s not the only aspect of your credit report that matters. Beyond that, your credit report provides a window into your financial status, through which lenders can look for information on who you are, how many accounts you have open or closed,… Continue reading How to Read a Credit Report
If you discover that you’re a victim of credit card fraud, you’re likely to feel anxious about someone emptying your bank account. Fortunately, you don’t need to worry about your funds being drained — as long as you report fraud within 60 days, most banks have zero-liability policies that will cover any money spent on… Continue reading Preventing Credit Card Fraud 101
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?
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?
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