Latest Finance Articles and Promotions

Tyndall FCU (FL) offering $450 off Closing Costs on a new Mortgage Loan and $50 Visa Gift Card

Tyndall FCU logoManaging all the expenses that go hand in hand with buying a home can be a daunting task. Buyers are often required to bring a down payment to the table, along with closing costs to cover the one-time fees associated with transferring ownership of a property. Closing costs can range from a little more than $1,000 up to several thousand, depending on the circumstances surrounding the home purchase. However, finding the right financial partner for a new mortgage can make all the difference in reducing the out-of-pocket expense of closing costs.

Posted on December 17, 2017 by Melissa

What the Future of Cryptocurrency Looks Like

Golden Bitcoins atop black keyboard with blue and red graph backgroundSince the announcement of the first cryptocurrency, Bitcoin, just a few years ago, the market for digital currency has expanded tremendously. Recent reports highlight a growth of nearly 900% over the last two years alone, meaning a single Bitcoin rose from $255 to an astounding $2,500. It is hard to deny this exponential increase in value, especially when evaluating cryptocurrency as a viable investment option in addition to its purchasing power in the mainstream economy. However, the future of cryptocurrencies like Bitcoin is on shaky ground for several reasons.

Posted on December 15, 2017 by Melissa

Breaking Down Your Fico Credit Score

Vector hands holding two smartphones with credit score app on screenOh great. Another person is about to lecture you about the importance of fiscal responsibly and credit scores. Take a deep breath and relax. We’re going to cover what credit scores actually are and how to use this information to increase your own. Whether you like it or not, your credit history is of extreme importance. It is nearly impossible to be approved for a credit card, a mortgage or a decent auto loan without a solid credit score to back you up. With the right knowledge, you’ll be able to implement new behaviors and strategies to grow your credit quickly and reach the next level of financial independence. How to get a copy of your credit report and score for free.

Posted on December 14, 2017 by Ryan

How to Mine, Buy and Use Cryptocurrency

Business man with lots of bitcoins on tabletIn a previous article, we discussed what cryptocurrency is and a brief overview of its history as a newcomer to payment methods. While there is much buzz surrounding cryptocurrency and its growing market, understanding how it is acquired and then subsequently used in real life transactions is a bit challenging. Unlike fiat or physical currencies, like the dollar or pound, cryptocurrency is all managed through a network of high-powered computers, making it more complex than its more traditional counterparts. Here’s how one can acquire cryptocurrency and then, use it to pay for goods and services.

Posted on December 11, 2017 by Melissa

Green Monday: History, Economics and Predictions for 2017

Discount percentages for Green Monday holiday shoppingJust about everyone has heard of Black Friday and its digital counterpart, Cyber Monday, but most are woefully unaware of the “other” big shopping day of the year: Green Monday. Affectionately referred to as Cyber Monday 2, the second Monday in December each year is deemed Green Monday by major retailers and businesses around the world. The name originated in 2007, so it doesn’t have as long a history as Black Friday or Cyber Monday. However, it is the second biggest day of holiday shopping online of the year.

Posted on December 8, 2017 by Melissa

New Credit Builder App Lenny Helps You Build Your Credit Score

Lenny Credit logonew app is making headlines with its innovative approach to improving users’ credit score. Lenny has launched a hybrid peer-2-peer (P2P) and credit building app that is directed towards millennials. By utilizing P2P initiatives, Lenny helps users increase their credit score and take more responsibility over their personal finances. Building your credit is one of the most important factors in personal finance. That little number on your credit report sets the interest rate on just about every loan you will ever take. The difference between an average credit score and an excellent credit score could be the difference between thousands of dollars in fees and interest payments, or just hundreds of dollars.

Posted on December 7, 2017 by Ryan

Community State Bank (WI) offering New Construction Loan 1.99% for 12 Months

Community State Bank logoBuying a home comes with many considerations, including the location of the property, the age of the home, and the resources available to make the dream a reality. For some buyers, the thought of owning a brand new home is intriguing, given the control over the design and layout of the interior and exterior. Finding the right builder is one thing; making sure the financing is in order is another altogether. Several financial institutions offer special financing solutions for homebuyers interested in building, not just buying.

Posted on December 6, 2017 by Melissa

Credit Scores are Dropping – Tips for Keeping Yours Healthy

Credit score gauge with good and bad creditData released by Lending Club recently shows that both credit markets and credit scores are under-performing. The data revealed that people’s average credit scores were actually falling, which implies that those people are being too risky with their credit. This could partially be attributed to the growth of the peer-2-peer lending scene. Or it could be attributed to the growth in confidence since the economic recovery set in. At the same time, credit markets are also tightening, making it more and more difficult for people to acquire new lines of credit. It now appears that credit markets will remain subdued for some time. Regardless of your situation, take a look at our credit score tips to keep your credit score healthy.

Posted on December 5, 2017 by Ryan

Keesler FCU Offers 5.99% Holiday Helper Personal Loan Promotion

Keesler Federal Credit Union logoAs the holiday season ramps up, many face the challenge of covering large, one-time expenses out of pocket. Costs for traveling to see family and friends, entertaining, and the seemingly endless list of gifts all add up to a pretty penny throughout the last few months of the year. For some, taking out a personal loan to pay for these expenses up front but extend repayment over several months is helpful in getting through the season without breaking the bank. Fortunately, there are several financial institutions that understand this need.

Posted on December 4, 2017 by Melissa

The Most Cost Effective Ways to Borrow During the Holidays

Woman holiday shopping online from home with tablet and credit cardThe holiday season is full of time with family and friends, but it comes at a cost for most people. On average, individual spending throughout the last two months of the year reaches just over $1,000 per person, on expenses like travel, gifts, and holiday parties. While some may have money set aside in savings to help cover the extra costs of the holiday season, some turn to short-term borrowing to keep cash flow positive. Here are the most cost-effective ways to borrow cash during the holidays if savings isn’t enough.

Posted on December 1, 2017 by Melissa