Tag: credit score

What Is Financial Aid for College?

[ 0 ] May 29, 2019 |
What Is Financial Aid for College?

Financial aid includes all funding to help you pay for college, such as scholarships, grants, loans and work-study. To access most aid, you must complete a FAFSA. Today’s skyrocketing college tuition prices mean most families can’t afford the whole bill on their own. Financial aid can help fill in the gaps. Here we explain everything you […]

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Become Financially Fit in 2018

[ 0 ] January 9, 2018 |
Become Financially Fit in 2018

Now that the Christmas season is behind us, the focus turns to 2018 resolutions. While many of us vow to eat better and get on the treadmill to improve our physical health, have you thought about your financial health in the New Year? Consider some statistics: A Consumer Financial Protection Bureau study found that seven out […]

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Credit Scores…..Where does that magical number come from?

[ 0 ] November 14, 2016 |
Credit Scores…..Where does that magical number come from?

We all know that most lending institutions are going to use a person’s credit score as a basis for approving a loan, and also to determine what their interest rate will be.  To many of us that credit score is just a number, and the higher it is the better.  But what is the credit score really?  […]

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ILFB Annual Meeting Micro-Talk: Credit

[ 0 ] December 28, 2015 |
ILFB Annual Meeting Micro-Talk: Credit

Just a few weeks ago, we attended the Illinois Farm Bureau Annual Meeting and held two Micro-Talks. One of them was titled “What the Heck Is Credit?” and was created to help you learn more about your credit score, how it is calculated, and how to take care of your credit. To summarize the Micro-Talk, […]

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Free Credit Counseling

[ 6 ] July 6, 2015 |
Free Credit Counseling

In the last issue of Money Rep, I briefly described some options our members have to avoid the heavy interest and fees associated with payday loans.   As identified in that article, one of the benefits of your membership at IAACU is free credit counseling.   There are five Certified Credit Union Financial Counselors (CCUFCs) on staff […]

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Credit Scores…..What Can I Do?

[ 0 ] May 13, 2015 |
Credit Scores…..What Can I Do?

We’ve already looked at how our score is determined.  If you missed that post, go here to read it. Now let’s look at what we can do to make it better…..or worse. Gloom and Doom    One of the worst things that you can do is not pay your credit card or loan payments on time, […]

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