Is a Consolidation Loan Right for Me? Here at Midwest Community, we offer a range of products and services to help our members make the most of their money and get financially healthy. One of those products is the consolidation loan. In the short video below, we tackle a few frequently asked questions to help you decide if a consolidation loan might be a smart choice for you.
If you’re new to the idea of owning your own home, you likely have a lot of questions. Here’s the answer to one common question that will help you become a successful homeowner. What’s the difference between being prequalified and preapproved? Prequalification Prequalification simply involves a rough calculation of the mortgage payment you can afford. Your credit union lender can help you with this. Preapproval Preapproval means you’re essentially good to go. You formally apply for the mortgage and pay…
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Understanding behaviors that impact credit score is important According to a 2018 Credit Health survey by Discover, 85 percent of U.S. consumers are aware of their credit standing, a statistic that increased 12 percentage points over the previous year. Consumers across the U.S. seem to grasp the importance of the credit score – but may fall short of understanding the specific behaviors that affect it. A study from U.S. News & World Report on Americans’ understanding of credit scores suggests…
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This infographic has 4 tips to help you clean up and unclutter your finances this Spring. Click the image below.
Buying a vehicle is a big deal. For most people, your car is your 2nd-largest expense, after housing. With that in mind, Sondra & Emmi have a few tips for you before you hit the dealerships to find your next new-to-you car.
When you swipe your credit card, you might not be thinking about what your creditors are doing to make sure they recover the money they just loaned you. But, as you make your next purchase, make sure to protect your credit score. Your credit score is a three-digit number that creditors use to assess how likely you are to repay your loans. A high score can help you qualify for the lowest interest rates and gives you the ability to…
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