What Is a Share Pledge Loan?

May 26th, 2015

A share pledge loan is a type of personal loan available only from a credit union. For an individual with a credit union banking relationship, this type of loan can be a low-cost way to borrow some money. Different credit unions will apply different terms to share pledge loans. Credit Union Accounts Credit unions use

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What Do I Need for a Signature Loan?

May 19th, 2015

Signature loans take less time for a bank to process than other types of loans because the lack of collateral means that the loan underwriter bases the decision to approve or decline the loan purely on your own financial situation. Not all banks offer signature loans, and bankers may direct customers to apply for credit

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How to Balance a Checkbook

May 12th, 2015

Balancing your checkbook is one of those crucial life skills. It will give you a clear sense of not only how much money is in your bank account, but where your money goes. It can also help prevent you from bouncing checks, stick to your budget, help you avoid fees, and detect errors from your

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How Do Money Market Accounts Work?

May 4th, 2015

A money market account is a type of savings account offered by banks and credit unions just like regular savings accounts. The difference is that they usually pay higher interest, have higher minimum balance requirements (sometimes $1000-$­2500), and only allow three to six withdrawals per month. Another difference is that, similar to a checking account, many

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7 Quick IRA Tips for Entrepreneurs

April 30th, 2015

Entrepreneurs and small business owners always seem to have 10 things to do before the day is through. You never know what might come up, and sometimes not every planned task gets done on time. In the midst of this fast-paced lifestyle, retirement might not be the first thing on your mind. It’s easy to put

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5 Tips to Inspire Employees to Use Direct Deposit

April 24th, 2015

Some employees simply do not like to have their paychecks directly deposited into their checking accounts.  The idea of having a tangible check in their hands after they have earned it provides a certain amount of security and peace of mind.  Furthermore, there may be concern regarding their employer having secure information and access to

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How to Consolidate Your Debt

April 17th, 2015

  Are you trying to figure out how to consolidate your debt? 1. Check your credit reports and get your credit score. You can get your credit reports from each of the three major credit reporting agencies for free once a year at AnnualCreditReport.com. It’s a good idea to review them so you don’t end

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What is a Certificate of Deposit (CD)?

April 9th, 2015

Sold by banks, certificates of deposit (better known as CDs) are low-risk –- and relatively low-return — investments suitable for cash you don’t need for months or years. If you leave the money alone during the investment period (known as the “term” or “duration”), the bank will pay you an interest rate slightly higher than

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Guide to Your 401(k)

March 30th, 2015

1. A 401(k) offers three compelling benefits. A 401(k) represents a way to reduce your taxable income since contributions come out of your pay before taxes are withheld; many plans include a matching contribution from your employer; and the money you save benefits from tax-deferred growth, which lets your money compound more quickly than it

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Home Equity Loans

March 23rd, 2015

    Home equity loans allow you to borrow against the value of your home. These loans appeal to borrowers who find that they can borrow relatively large amounts of money, and they’re easier to qualify for than other types of loans (because they are secured by your house). If your home is worth more

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