banks tagged posts

What Is A Credit Union? Compare It To Banks

Credit Union

As long as you’ve good credit scores, you’ll have a solid probability of qualifying for most playing cards from both main banks and credit unions. To make it simple, you would use a software like this credit union locator.

You could should pay a one-time membership payment, or you may have to open a checking or savings account with the institution. Some will let you apply for a bank card first, then be a part of when you get approved. Because of their comparatively small dimension, credit unions can’t supply as many flashy perks because the Chases and Citibanks of the world. Credit Union members usually save more cash by way of lower charges, decrease loan rates, and higher savings charges compared to banks...

Read More

Why Do Banks Securitize Some Debts, And How Do They Sell Them To Investors?

Security Finance

It is standard practice for many credit score reporting businesses in Canada to automatically purge most knowledge that is more than six years old, because they don’t want old information cluttering up your credit report. So, if there’s a debt that has had no exercise for more than six years, it will doubtless be purged out of your credit report. You nonetheless owe the money, however it would not be reported on your credit report. As you can see, there are really no obvious scenarios where it makes monetary sense to pay a collection company instantly.

I continued to pay for my purchases on time, omitting the $25 and the curiosity fees. I was given the run around for so long I gave up calling them, all the while utilizing the card and paying just for my purchases...

Read More