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.
Receiving your first paycheck from your first job can be a uniquely rewarding experience. While you may have earned an allowance growing up for doing chores, or run a lemonade stand over the summer, it’s always exciting to see the benefits in actual paycheck form. As you start earning more paychecks and take on more adult financial tasks, such as paying bills, you’ll have to develop skills to develop a budget and build your credit score. Fortunately, in 2018 we live in a more digitalized world, as developments in tech continue to grow at an unfettered pace. It’s far▸ continue reading
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