How student loans can impact your credit score
If you’re concerned about the impact student loans will have on your financial future, you’re far from alone. And while your primary focus may be on creating a plan to pay off those [...]
Credit Archives
Taking the financial pulse of your members
When a member walks into a branch to discuss lending solutions, do you take their financial pulse? You should. Overall, Americans are faring better financially now than they were five years ago. However, for many [...]
Credit application denied? Here’s what to do next
It’s no fun being denied anything, especially credit. Usually when someone is trying to get a line of credit, it’s for a big reason or major life milestone. Having a credit application denied [...]
Reshape your lending strategy to meet your membership’s current and future needs
While the business lending market is steadily growing, so is the competition for market share. With little room to differentiate products based on interest rates, according to this article, an increasing number of financial institutions [...]
Three ways credit unions can enhance their credit card programs
Credit card programs are one of many areas where the credit union difference shines. Credit unions generally have lower interest rates and a responsible reputation, based on the comparatively low industry delinquency and charge-off rates [...]
What’s in your credit report?
The Fair Credit Reporting Act entitles everyone to one free credit report every year from each of the three nationwide credit bureaus, but many consumers don’t take advantage of it. People tend to request [...]