If you’re not already a credit union member, you may be wondering what the difference is between your local credit union and your local bank – you may be surprised to find out that there are indeed some very substantial differences – including the way they …

If you are a homeowner who is having trouble making your mortgage payments, you most likely want to do whatever you can to stay in your home and to avoid a foreclosure. The first thing you should keep in mind is to stay in close contact with your lender. If you are …

If you are going to miss a mortgage payment, inform your lender, keep good records of all your correspondence and use registered mail to send documents and letters so you can verify that they were received. Most lenders will work with you, as foreclosing on homes carries heavy costs for them. The following are options...

What would you do if a friend or relative asked you to cosign a loan? Before you answer, make sure you understand what cosigning involves. Under federal law, creditors are required to give you a notice that explains your obligations. A typical cosigner’s notice states …

Despite all the recent hype regarding students and credit card offers, if you haven’t begun to use credit, it may actually be a good time to check out current credit cards available to you and begin establishing a credit history. However, proceed with caution …

When you have little or no credit history, applying for loans and credit can be difficult, if not impossible. Lenders like to see a record of payment history and a current credit score before they extend credit or loans. This information also helps them determine …