How To Spot A Payday Loan ScamPayday loan scams may seem like old news, but they’re more common than ever. In fact, in 2018, the FTC paid a total of $505 million to more than one million victims of payday loan scams.In this scam, a caller claiming to represent a collection agency who is acting […]
Understanding The Credit Card TrapDid you know the average American household carries $6,358 in credit card debt?If that doesn’t sound too alarming, consider this: A debt of $5,000 with an interest rate of 24.99% (which is the current rate of a typical Capital One or Citibank card), where only the minimum payment is made each […]
Taking Steps Toward Financial Improvement For The New YearQ: I’d like to focus on improving my finances in 2020, but there are so many areas that need attention. Where do I start?A: The start of a new year is a wonderful time to make important changes in your financial life. Lucky for you, you don’t […]
All You Need To Know About Applying For FAFSAFree Application for Federal Student Aid (FAFSA) season is in full swing! Whether you’re a college student, a high school senior or you’re seeking financial aid for your college-age child, it’s time to fill out those forms. The rules and deadlines can be confusing, but we’re here […]
All You Need To Know About Your First (Student) LoanYou might approach your student loan the same way you approach those term papers: If you don’t think about them, they can’t really stress you out. Unfortunately, just like those papers you’ll eventually have to write, your student loan debt isn’t going anywhere.If you’ve borrowed the […]
Should I Lend Out My Credit Card?Q: Some of my friends keep asking to borrow my credit card and I’m wondering if this is a good idea. Should I be lending out my credit card?A: While circumstances vary, lending out your credit card to friends and family is generally not a recommended practice.Here are six reasons to […]
Your Guide To Identity Theft ProtectionDid you know there were 14.4 million victims of identity theft in 2018? According to Javelin Strategy, each case cost the victim an average of $1,050 – and that’s only the cost in dollars. When an individual’s identity is stolen, the thief wreaks major havoc on the victim’s financial health, […]
Why You Should Finance Your Next Car Loan At Your Credit UnionWhen shopping for a new set of wheels, your first stop should be right here, at Lincoln SDA Credit Union. Though many people start their process on the dealer’s lot, you’ll enjoy a lower rate, a simpler loan application and other benefits by choosing […]
How Much Money Should I Keep In My Checking Account?There’s lots of talk in the world of personal finance about how to best manage a savings account. You might read up on financial experts who recommend keeping three to six months’ worth of living expenses in your savings account, or maybe you’ve seen a tip […]
DO MY MONTHLY BILL PAYMENTS AFFECT MY CREDIT SCORE?Q: I’m working on improving my credit score, so I’m being extra careful about paying my bills on time. But, since I don’t see these payments reflected in my score, I’m wondering: Do my monthly payments, like utility bills, count toward my credit score? A: It’s commendable that you’re working […]