When used responsibly between peers, payment and cash transfer apps can be a very convenient way for friends to share expenses or pay back borrowed funds, but exercise caution before hitting “send.” Catch our latest blog post for more on Peer-to-Peer (P2P) payment systems. #membersfirstga #paymentapps #p2p #peertopeerpayments
Identity theft is one of the most nefarious crimes out there. Here are seven ways to help protect yourself:
Secure Your Hard Copies
Every sensitive document should be kept in a safe or scanned and saved in a secure folder. Credit cards and debit cards should be securely placed in your wallet at all times.
Bonus Tip: Shred all aged documents that contain sensitive information.
Examine Your Financial Statements
…we’re all human.
Being human means we’re all bound to make a mistake or two when it comes to making credit decisions. Here are 5 of the most common credit card mistakes. See how many you’ve evaded.
Applying for every credit card under the sun (and being approved). Having a little buying power is great, but too much power can lead to a mountain of available credit and plenty of potential to begin mounting debt. This looks risky to a lender. Stick with one or two and be sure they’re the best card you can carry.
Misplacing your magnifying glass—you really do need to read the fine print. Within that tiny print lies the answer to whether you’ll be paying more to have that credit card in your wallet and how long. Do your homework–there are plenty of companies out there with annual fees, short introductory rate periods, difficult repayment terms, fees to transfer balances and more.
How does your card rate? Low, we hope. When applying for a credit card, you probably didn’t opt to be tied for life to its balance. Not shopping for the best rate can mean paying down a balance for much longer than you might realize. Save yourself some time, money and stress and search for the best rate you can get. The lower the rate, the faster the balance will be paid off.
Don’t listen to mom—less isn’t always more. When it comes to paying off high-interest credit cards, making the minimum payments may seem innocent enough, but it leads to bloated balances. To keep balances low and easy to maintain, don’t charge more than you can pay off within a month or two and be sure to make more than the minimum payment. Your future self will thank you.
Fashionably late or just bad credit karma?
Auto Loans -- the offers are everywhere. How do you know which great deal is really, well...a great deal?
Here's what to look for.
By now, it’s safe to assume most of us have heard about what Equifax is referring to as a 'cybersecurity incident'. For those of us who haven’t, here’s a quick recap and ways to secure your financial identity.