Often, parents cosign for their sons or daughters who have adequate income but a lack of credit or employment history. By cosigning, parents help their offspring get the loan and establish credit in their own names. But many borrowers, be they the cosigner or the primary borrower (also known as the maker), don’t recognize the

Let’s play a game. I’ll give you a word and you tell me what comes to mind. Ready? “Predator.” Did you think of a prehistoric animal with claws and stabbing teeth? Or, a stealthy cheetah prowling for gazelle in the grassy plains of the Serengeti? Perhaps a portly Siamese cat stalking a house sparrow? How

Buying a new car is exciting. Searching for an affordable car loan is not. As a member of Wayne Westland Federal Credit Union, however, you have an advantage when it comes to finding low car loan rates. WWFCU (like other Credit Unions) is a not-for-profit institution. This means that we can “give back” to our

Buying a new car is exciting. Searching for an affordable car loan is not.  As a member of Wayne Westland Federal Credit Union, you have an advantage when it comes to finding low rates on car loans. WWFCU is a not-for-profit institution. This means that we can “give back” to our members by offering you

Remember when purchasing a vehicle used to be an all day excursion? It probably meant driving to your local auto dealer, finding a car in your favorite color with just the right options, haggling over the price, filling out a lot of paperwork, and going back and forth between dealer and Credit Union with payment

If you have money in your savings account or on deposit in a share certificate with your Credit Union, you may qualify for a share pledge loan. These loans are beautifully simple: you use the money on deposit in your account as collateral for the loan you wish to take out from the Credit Union.

There are many types of loans out there. Some have such high interest rates and so many fees tacked on that they are undesirable. A Share Pledge loan, however, may be the answer. Normally issued at a much lower interest rate, a Share Pledge loan from a Credit Union is a loan that is issued

Loans are often a big help, especially when it comes to expensive things like cars, motorcycles, or boats. They can also be a burden. There are options for saving money with a system provided by RateMatch. The RateMatch service creates a free credit report that offers more detailed information than a standard credit report, which

(Westland, Michigan) Wayne Westland Federal Credit Union is pleased to announce the largest reduction in loan rates in their 57-year history.  The Management team at WWFCU approved a reduction of nearly 50% of their current secured rates.   This major reduction was a move directed at the current economic conditions, so the local community can take

There are times when an individual or family needs a large amount of cash that can only be obtained through a loan. The money might be used to pay medical bills, purchase a car, consolidate debt or replace an appliance that is beyond repair. When the situation becomes urgent, a lower monthly payment may be