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Catholic Federal Credit Union Financial Fitness Blog

5 Easy Steps for Credit Card Debt Freedom

Posted by Bethany Dutcher, VP Marketing on Dec 1, 2015 10:01:29 AM

If your credit card spending has caused a stack of debt to pile up, it’s time to reverse the trend! With focus, discipline and patience, you can reduce and eliminate your credit card debt, no matter what the amount. Here’s some tips…

*Create a detailed list of each debt, including the name of the debt, the amount, the current rate and the minimum payment due.

*Rank your list from the highest rate to lowest.

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Topics: credit card

Christmas Shopping: Layaway Or Credit Cards?

Posted by Melissa Egeler, Marketing Assistant on Nov 6, 2014 4:04:00 PM

If you’re old enough to remember a time before credit cards were part of everyone’s life, you probably remember the customer-service area in the back of many department and discount stores that offered “layaway.”

A layaway plan that’s offered by retailers allows their customers to shop for and make a claim to items they don’t have the cash for at that moment. In most instances, the customer will make a down payment (usually 20%) and pay the rest over time on a regular schedule. Once the item is paid for in full, they can bring it home.

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Topics: loans, credit card, Christmas

Correcting Your Credit - It Can be Done!

Posted by Bethany Dutcher, VP Marketing on Sep 8, 2014 11:45:36 AM

Have you checked your credit report lately? If you have, good for you. If you haven’t, you should. Today. Right now. Just go to annualcreditreport.com. It’s free! And if you need help understanding your report, you can contact Accel, Catholic Federal's financial counseling partner. They’ll explain your report and how to fix it, for free.

Its an important document. Your credit report contains a history of how you’ve handled the money you’ve borrowed, either through loans or credit cards. You’re also assigned a credit score  - a number between 300-850 - that reflects how well you’ve handled the money you’ve borrowed. The more responsible you’ve been, the better your score. 

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Topics: credit union, correcting your credit, accel, annualcreditreport, credit, credit card

Welcome!

We're happy you're here. Our blog gives us another way to communicate with you in a fun, relaxed way. Don't worry; we won't be selling you anything. We just want to share a more personal part of ourselves so you can get to know the lighter side of the credit union. Our goal is to improve your financial well-being, we'll also share helpful financial tips and recommendations covering everything from students loans to retirement planning, and dream vacations to budgeting, many from our own personal experiences. After all, we're still people helping people, as we have been for 60 plus years. Now we just have more ways to reach out and help. 

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