Money Minutes | General Electric Credit Union Blog | Financial Resources

 

About Your Credit Score and Its Importance

Feb 27, 2018 | 4 minute read

A credit score is a number generated by an algorithm using information from your credit history representing your creditworthiness. Lenders use credit scores to evaluate the probability that a...

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Equifax Credit Lock: Should You Use the Free Service?

Feb 9, 2018 | 4 minute read

Equifax has made good on its promise of free, lifelong credit locks following last year’s massive data breach. The reception to its new “Lock & Alert” feature — which lets users simply click or...

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What is a Balance Transfer?

Feb 6, 2018 | 3 minute read

You may have received a balance transfer offer from your credit card company and wondered if that’s the right solution for you. As a credit cardholder, it’s important to understand what a balance...

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Are You Financially Fit?

Feb 1, 2018 | 3 minute read

Consider your financial fitness as you would your physical fitness. It takes work and isn’t a one-and-done situation. Like traditional fitness, it requires consistency and hard work.

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7 Common Credit Card Mistakes to Avoid

Jan 11, 2018 | 3 minute read

Not only do Americans have a lot of credit card debt, many struggle with understanding how to manage our credit cards. Credit card mistakes are all too common and can lead to higher interest...

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3 Ways to Improve Your Credit Score

Jan 4, 2018 | 2 minute read

When was the last time you looked at your credit score? If you haven’t checked it in a while, it’s time to take a peek and see how you can improve your score. It won’t happen overnight, but small...

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4 Reasons to Avoid a Store Credit Card this Season

Nov 22, 2017 | 2 minute read

When shopping for the holidays, the checkout counter is not the best place to make a quick decision about your credit. Before you impulsively open a credit card at your favorite store, read the...

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4 Ways You Can Protect Your Credit Score Over the Holidays

Nov 14, 2017 | 3 minute read

Holidays can bring joy and happy memories, but they also can mean problems ahead for your credit score if you find yourself:

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5 Tips for Handling Your First Credit Card

Sep 27, 2017 | 3 minute read

Getting a credit card for the first time represents a new level of spending capability, but just like getting behind the steering wheel for the first time, there are some things you need to know...

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How to Find the Right Credit Card for Your Needs

Sep 7, 2017 | 3 minute read

Now more than ever, banks and financial companies are offering an array of credit cards with different perks, terms, fees, incentives, and interest rates. With so many options to choose from, it’s...

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