At Polam FCU, not only do we strive to provide you with the best financial services possible, we also want to share some guidance and expertise. Peruse our blog for the latest industry news and information relevant to you.
As most people know, maintaining a credit score over 600 is ideal. Oftentimes, if your score drops below that number, it can affect the kinds of loans you’ll qualify for, your ability to rent a house or apartment, and credit card interest rates. However, while you should be vigilant about keeping your credit score above 600 (ideally higher), there are myths regarding what can and can’t affect your credit history and score. Staying on top of your credit is important. But to avoid any additional stress that comes with that, here are a few myths about your credit▸ continue reading
Admit it: we all have one or more financial habits that need to be broken, but are still hard to break. Human beings as a whole tend to be creatures of habit, and unfortunately, unlike benign habits such as watching a certain show every night, or having your morning tea, financial habits that can harm your bank account and credit score are highly important to break in order to achieve true financial stability. Some of these habits seem obvious, whereas with others, you may not even know you’re doing them. Here are some of these bad financial habits, and▸ continue reading