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Posts Tagged ‘Tips’

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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How not to be a victim of fraud

Phishing illustration

Always remember, White Sands FCU (and any other financial institution) will never call you and ask for your account number, card number (including the CVV code on the back!), birthdate, social security number, or any other secure and sensitive information.  If a business, or individual contacts you and asks for this kind of information –do…

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7 Tips to Avoid Identity Theft

illustration ID theft

Every two seconds an American becomes a victim of identity theft. If the thought of having to clean up your credit report because someone stole your identity frightens you, and you don’t want to become another statistic; here are some tips to stack the odds in your favor. 1. A winning night, can turn into…

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