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Most people own at least one debit card and one credit card. They know they have them but may need help understanding all the differences between credit and debit cards.
Believe it or not, there are many. The most fundamental difference is that you're borrowing money each time you use a credit card. A debit card, on the other hand, simply transfers your own money from your checking account to the vendor you're paying.
Read MoreIf your business has reached a point where it needs an infusion of funds to grow, you may be in the market for a business loan. A business loan can help a struggling small business establish itself better or help a thriving company expand its line of products, open an additional location, move to a more significant site, hire new team members, or purchase expensive equipment.
Here's all you need to know about applying for a business loan:
Read MoreIt’s that time of year again. He’s making a list, and he’s checking it twice. Of course, we’re talking about the major credit bureaus! With holiday spending season upon us, it’s time to broach an uncomfortable subject: how to pay for all that joy and goodwill.
So you’ve never had a credit card or loan, and you’re trying to build a #credithistory from scratch. It’ll take some time and effort, but you can do it! Start with Members Choice CU, where we offer credit cards even for those with little to no credit history. You can also open a secured card or low-balance cards with companies like Capital One or Credit One. Use them responsibly, and pay the bills on time to build your file. If it’s an option, becoming an authorized user on someone else’s card can help, but be sure that activity will be reported to the credit bureaus. You can even have your good rental history reported to the bureaus by various services. It’s not a quick process, but you can build a high credit file!
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