Personal Banking
Credit History Is More Important Than Credit Score
When applying for most loans, lenders will be sure to focus on your credit score – a three-digit number that plays an important role in qualifying for loans, credit cards, apartment rentals and more. However, your focus should be placed on something else instead: your credit payment history.
Seven Tips For Creating Stronger Passwords
You’re in the process of registering a new online account to make a purchase and have come to the point where it is asking you to provide a password for your newly created account. Passwords are your first line of defense against hackers which makes your next step, creating the new password, crucial to keeping your information safe.
The “Scammers Hall of Shame”
The Federal Trade Commission has issued an alert for a new scam for stealing from vulnerable families, one which the agency believes should be in the Top Ten List of the Scammers Hall of Shame. The scammer impersonates a representative of the funeral home, and says that additional funds must be paid immediately or the funeral will be cancelled. “Can you imagine anything more despicable?” the FTC said in its announcement.
Retirement Readiness
A recent survey from the Nationwide Retirement Institute suggests growing anxiety about retirement among those in the last decades of their careers. Some 69% of those aged 55-65 agreed that retiring at age 65 “doesn’t apply to them.” 22% reported that in the last 12 months they’ve decided to retire later than planned. More than 40% believe that they will have to keep working during retirement to make ends meet.
9 Credit Mistakes That Could Cost You Money
Your credit history plays a big role in your financial life. Not only does it weigh heavily in determining the loan terms and interest rates you’re offered, but it can also impact other parts of your life, such as whether you get a job, an apartment or even a security clearance.