There’s a lot more to homeownership than paying the mortgage loan.
Trying to improve your credit score? Those three little numbers can be crucial if you want to rent an apartment, buy a car, or open low rate, high benefit credit cards. Here are five ways you can boost your credit score and own your future!
1) Leave accounts open
Before you make the decision to close an account, make sure you check if closing the account will negatively affect your credit score. One of the biggest factors in calculating your credit score is the length of time your account has been established, so keeping cards, even when you don’t use them, can help your score.
You Can Make Your Space Your Own
Nothing is worse than being stuck in a home where all of the walls are white and you can’t even make your space your own. Owning a home will allow you to paint the walls how’d you like and make any changes you want to make your living space more customized and comfortable.
You Can’t Get Kicked Out By a Landlord
Renters can get an eviction notice unexpectedly if the owner decides to sell the home or rent it to others at any point of time. Owning your home could relieve this unnecessary stress and conflict that can come out of getting kicked out of your living space.
Every year, we make tons of resolutions. We sign up for a gym membership and vow to get healthy, we swear to ourselves we’ll start going to bed on time, and we make promises to become healthier, happier people. But this year, the best resolutions you can make are the ones that affect your finances. Help nurse your credit score back to health, make your checking account happier, or invest in your future and start down the path of a healthier, happy financial year.
We know tax preparation isn’t fun, but, unfortunately, it’s necessary. Though it may seem like an inconvenience, filing your taxes correctly can sometimes give you a nice return. You may be reluctant to begin because of the confusion on where to start or what information is necessary. We are here, however, to simplify taxes for you so the task can seem less daunting.
What are income tax returns?
Income tax returns are documents that are used to evaluate whether you owe any taxes this year or if you are eligible for a tax refund. Taxes are calculated based on your total income minus any deductions you are eligible for.
Happy President’s Day! Now that there is a nice three day weekend, let’s talk about finances…
No wait, come back!
I know that fixing your finances isn’t the ideal way of spending your three-day mini vacation, but if not now, when? Don’t worry, we’ll try to help make this as painless as possible.
Here at USCCU, our mission is to enable the Trojan Family’s financial dreams and to enhance the quality of life in the communities we serve. Education is power making it imperative to be knowledgeable about how you manage your finances. Now you may be wondering, if I have a bank account, how can I access my money?
USC Credit Union has now partnered with EverFi, a leader in financial education, to bring you Financial Focu$, a set of courses to set you on the right track. Whether you are a freshman just starting to get your feet wet in a new ocean of responsibility, or a college graduate already in the workforce, Financial Focu$ will help you take control of your financial future.
Credit unions have become more competitive with the nation's banks. They can open accounts for almost anyone, even businesses, write mortgage loans, and generally provide any basic banking service that for-profit banks can.
And over time, credit unions have become fiercely competitive. Their not-for-profit status allows them to operate without a goal of profitability. Their tax-free status means they don't have a huge expense that taxed, for-profit banks have to pass on to their customers. Without the need to generate a profit, or pay taxes, credit unions have a massive advantage on the banks -- an advantage that can benefit the customer.