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.
When it comes to boosting your credit score, it takes more than a quick overnight fix. The process of improving your credit score entails a number of elements, including keeping up with on-time payments, monitoring your credit score, and making sure you’re not overspending. Considering the fact that your credit score can affect anything from interest rates, approvals on loans, or renting / buying a home, it’s vital to make sure it consistently stays above 600, at the very least. At Polam FCU, we are here to help you make the financial decisions that best suit your budget▸ continue reading
“Credit or debit?” If you’re a regular card user when you shop, you’re likely used to hearing this question at the register. But when it comes to your spending and your budget, which option is the right option? There’s definitely a difference between the two choices and it’s important to know which choice to make. What’s the difference between credit and debit? Depending on which option you choose, your transaction will be processed a certain way. When you choose debit, the funds are immediately withdrawn from your account and sent over to the vendor. When you choose credit,▸ continue reading