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Posts Tagged ‘finances’

Drive off the lot with credit union financing

hundreds white cars one red

Did you know you can get credit union financing right at the car dealership? The process is designed so credit union members benefit several ways. First, as a member of a cooperative you reap the benefits of lower rates offered by White Sands FCU. Credit unions have lower loan interest rates than banks. In 2016,…

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Credit 101: Credit Reports and Scores

credit score

Do you think that your credit score is only important when borrowing money? Guess again. Your credit score, and its accompanying credit report, is being evaluated not only when you want to take out a loan, but also when you apply for a credit card, get insurance for your car or home, rent an apartment,…

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Understanding your debt-to-income ratio

debt-to-income ratio

Have you ever applied for a loan and been told that your debt-to-income ratio was too high? You may have wondered what that meant. Your debt-to-income ratio is the portion of your income that goes to debt payment, and it is a key component of creditworthiness. Lenders consider debt-to-income ratio along with credit score when…

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Boost Your Savings with Certificate Laddering

If you are old enough to remember what you could earn on a share certificate back before the financial crisis of 2007-2008, you are probably pretty disappointed with where rates are now. BankRate.com has a chart that shows the average rate on six-month certificate at 3.54% APY. At the end of 2016, it was just…

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Benefits of Buying A Used Car

used car loan

Ever wonder why the used-car industry is such a big hit? The price tag attached to a used car is usually several thousand dollars less than for new cars. If you buy a new car, it typically depreciates about 20% in value the minute you drive it off the lot. If used is right for…

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