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Posts Tagged ‘help’

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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Back-to-school: plan your budget

school supplies

Back to school means expenses!  Clothes, shoes, and school supplies can drain a budget quickly. According to The National Retail Federation, the average family with school-aged children spends $674 on back-to-school items–clothes, shoes, supplies, and electronics–each year. It’s no wonder setting a budget is essential for all parents with school-bound youngsters. To avoid falling into…

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Loan approval tips

loan application

Nobody likes getting turned down for a loan. And although White Sands FCU makes every effort to approve all loan requests, it’s sometimes necessary to deny an application–to protect the applicant’s financial health, as well as the credit union’s. When the credit union denies a loan, it’s because the applicant has either (1) a poor…

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10 smart money moves for your 20s

chalk board

If you’re in your 20s, you have a financial asset money can’t buy — time. And time makes your money grow. Making some smart money moves in your 20s pays off now and in the future. Here’s a list of 10 smart money moves for twenty-somethings: Set financial goals, say, to take a vacation, go…

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