“How do I improve my credit score?” is one of the questions we hear most frequently. While there’s no quick fix to a perfect credit score, we have a few tips to help.
In a previous blog, we defined credit score, but now, it’s time to talk about how your credit score is calculated. Your FICO® Score is calculated using a variety of data from your credit report.
If you are in the market for a loan, being prepared and organized will help the lending process move along quicker. Most loan applications require the same types of information across the board, but each loan type also requires information specific to the type. Let’s take a look at the some of the most common types of loans and the documents you will need when applying.
In today’s world, your credit is important. Not only can your credit history impact being able to get a loan and your loan rate, but it can also influence renting an apartment, future employment, and qualifying for insurance.
A home is often the most expensive purchase someone makes in their lifetime. The home-buying process can involve a lot of steps and a lot of confusing terms. Before you jump in with both feet, it’s important to know what to expect.
An interest rate is both simple and complex. It can work for you or against you, which sometimes makes it hard to understand. We are breaking down the similarities and difference between interest and annual percentage rate.
Whether you are getting your backyard ready to be a stay-cation oasis or you need a little extra help paying for a much-needed getaway, ēCO Credit Union is excited to offer our members the opportunity to skip a loan payment this summer.
Wherever you find yourself, eCO is here to support you. In addition to taking measures to keep our members and employees safe, we also want to do our part to help you through tough financial times.
Decision making in the age of the Internet is a strange paradox: we have more options than ever, but because we have so many options—plenty of which are less than satisfactory—it’s hard to actually choose, especially given how quickly and easily misinformation can be spread on the ol’ World Wide Web. Sometimes you don’t even know what to look out for!
So, you’ve decided to take the plunge and purchase your first home. No more throwing money to the wind with a rental. No more fighting for a parking spot in your apartment’s parking deck. No more lugging groceries up two flights of concrete steps. You’re ready to own.