Financial Advice and Tips

Find informative articles on financial advice and tips. Discover what you should know in this section of our blog dedicated to improving your financial literacy and acumen.

What’s the Difference Between a Personal Loan and a Line of Credit?


There are two common ways to borrow money: take out a personal loan or open a personal line of credit. With a personal loan, you are provided a lump sum of money and then required to pay fixed monthly payments. On the other hand, with a line of credit, you are provided access to a set amount of money that you can draw on as you need, and pay it back over time [...]

What’s the Difference Between a Personal Loan and a Line of Credit?2023-01-19T15:57:22+00:00

Money Saving Apps: A Go-to Guide to Help You Save Money


Blog 12 Apps for your Financial Goals in 2022  In times of high inflation, saving money is especially important to help you stick to a budget and plan for your long-term financial goals. Luckily, there are plenty of modern tools to help you plan, budget, track, and save. From digital money management platforms to apps that automatically divert money to savings, there are ample ways to get closer to the financial future [...]

Money Saving Apps: A Go-to Guide to Help You Save Money2022-10-31T12:11:50+00:00

What Is a Soft Credit Inquiry?


Blog You probably understand that when you apply for a loan, the lender will check your credit report. You may also know that a credit inquiry could have an adverse effect on your credit score. However, did you know that there are two types of credit checks? One type is referred to as a “hard” credit inquiry and the other is a “soft” credit inquiry. A hard credit pull may adversely [...]

What Is a Soft Credit Inquiry?2023-01-19T15:59:07+00:00

Why Choose a Local Lender?


Blog From ”Small Business Saturday” to community supported agriculture, there are far-reaching efforts to encourage consumers to think locally. While you may choose the option to purchase produce from a community farm stand, it may not have occurred to you that the same principle can be applied to choosing a financial institution for your personal loan needs. Bigger isn’t necessarily better. When you borrow from a local lender, you’re not just a [...]

Why Choose a Local Lender?2022-11-03T09:16:04+00:00

Why Is Financial Literacy Important?


Blog Financial literacy is understanding how to manage your personal finances. It includes skills like budgeting, saving, borrowing, investing, and day-to-day money management. According to Standard & Poor’s Global Financial Literacy Survey, only 57 percent of Americans are considered financially literate. If you’re not sure where you fall, consider some of the important components of financial literacy: Financial Literacy Helps to Improve Budgeting Your budget is your financial plan, and it includes your income [...]

Why Is Financial Literacy Important?2022-11-03T09:53:11+00:00
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