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The Young Adult Financial Wellness Starter Kit

By: Kirstin Wilson08.18.22 Savings & Budgeting Credit
Now that we’ve created the Financial Wellness Dictionary for young adults to educate themselves on the most relevant terms to begin their financial wellness journey, the next step is to establish yourself at a financial institution. In today’s blog, we look at a handful of starter accounts, products, and services young adults should have or start familiarizing themselves with to continue towards financial independence.

Here’s How Credit Card Interest Is Calculated

By: Holly Benedetto06.16.22 Credit
Credit card interest is often talked about, but not always understood. Despite the number of people who keep a credit card (or several) in their wallet, not everyone can explain the math that goes on behind the scenes. Understanding how your monetary tools work is an important part of financial literacy, which is why in this article, we’ll break down credit card interest into basic dollars and cents.
A cellphone, held in front of a laptop, showing credit report information

Ask the Experts: Consumer Lending

By: Holly Benedetto08.05.21 Ask the Experts Credit
In this series, we take a look at the inner workings of the Credit Union and meet some of the champions who help our members in every facet of their financial lives. This month, we met up with expert Bryan Eichenbaum, an expert on all things lending at American Heritage.
Blog Zero in on Reducing Debt

Zero in on Reducing Debt with This Type of Credit Card

By: Holly Benedetto07.22.21 Credit
Credit cards are one of the most versatile tools you can carry in your wallet. From getting extra rewards when swiping at gas stations or grocery stores to building your credit score, these pieces of plastic can impact your financial health. With so many options available, how do you choose?
Blog 6 Questions to Ask Before Getting a Loan or CC

6 Questions to Ask Before Getting a Loan or Credit Card

By: American Heritage06.24.21 Credit
The right loan or credit card can give you more financial freedom and open up exciting opportunities – from traveling the world to buying your first car or home. But borrowing money is a big responsibility, and it’s not a decision you should make lightly. Failing to use credit responsibly can damage your credit or lead to serious financial problems.
Blog Guarding Against Debit Credit Card Fraud

Guarding Against Debit & Credit Card Fraud

By: American Heritage06.03.21 Credit Security
It’s no surprise the credit and debit cards are so popular. They’re simple, easy to use, and accepted almost everywhere. But this popularity has also made them a common target for thieves and fraudsters. In 2019 alone, more than 270,000 people fell victim to credit card fraud. The consequences can be serious, from financial loss to damage to your credit (not to mention the stress).

How to Perform a Balance Transfer

By: Holly Benedetto10.22.20 Credit
A credit card balance transfer makes a high-interest credit card balance (or balances) more manageable by transferring that balance to a new credit card with a lower interest rate. For added savings, some balance transfer offers include a lower introductory rate for a limited amount of time or sometimes even the life of the balance. Balance transfers can help you get out of debt faster and make multiple payments easier to manage.
A woman fills out a loan application for a new car

Loans & Borrowing: 10 Terms You Should Know

By: American Heritage09.17.20 Credit
The process of comparing your financing options and choosing the right one can sometimes feel overwhelming – especially with all the financial jargon and concepts associated with loans and borrowing. Fortunately, many of these concepts are less complicated than they seem. Here’s a quick overview of some of the most important borrowing terms you should know. Learn them now, so you can make smarter borrowing decisions later.

The Pros and Cons of Paying Off a 0% Interest Loan Early

By: Holly Benedetto02.20.20 Credit
Sometimes, we get lucky and are offered a 0% interest rate promo for a specific term. This rate is frequently seen at auto dealers, mattress stores, furniture stores, and for credit card promotions. For these big-ticket items, paying no interest could mean a massive savings on each payment. However, should you ever pay off a 0% interest loan early?

Is Debt Consolidation Right for Me?

By: Holly Benedetto01.16.20 Savings & Budgeting Credit
Credit cards are a valuable tool for building credit, making large purchases, or earning rewards. Still, a tool this powerful must be used carefully to prevent avoidable or unmanageable amounts of debt. If you ever find yourself in deeper than expected, don’t worry – there are several ways to tackle credit card debt, one way being debt consolidation.

A Crash Course in Credit Cards

By: Holly Benedetto10.31.19 Credit
With so many types of credit cards on the market, it’s more important than ever to find the right card for you. Since credit card features are fairly easy to compare and contrast in a grid format, it should be easy to figure out what the best card is, right? But, as it turns out, there is no such thing as the “best” card for all credit card users. What determines the best card for you is the type of spender you are, how often you pay off your balances, and how you like to be rewarded.
Young woman using a credit card to make a mobile purchase

How Young Adults Can Build Credit

By: American Heritage10.03.19 Credit
Becoming an adult opens up a world of new opportunities, as well as new financial responsibilities. Fortunately, there are a few straightforward ways to start building credit when you’re young, solutions that can work even if you have little or no credit history.

9 Ways to Improve Your Credit Score

By: American Heritage06.18.19 Credit
You’ve seen the commercials explaining how important it is to check your ever-fluctuating credit score. You’ve investigated, learned your score, but now what? Knowing your score is the first step to having good credit, but having a good score takes further steps.

 

 

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