Banks for You!

Imagine a situation where you have finished your shopping and reached the checkout counter only to realize that your debit card has been declined as you don’t have enough money. Chances are that you may either take some groceries out in order to be able to pay up with whatever is left in your checking account or you may simply slam the cart and vow to ‘opt-in’ for overdraft facility.

Alternatively, you may simply hear a ping on your mobile phone as this is one of the pilot tests that are being run at the moment. Now Bank of America is trying something unusual where it would try to buzz the customers and alert them that they could make a payment using their card, but only if they make an on-the-spot decision to pay the $35 as overdraft fees. You may instead avoid that overdraft fee if you can remember to put back the some extra money into your account before the end of banking day which is by 8 p.m., at any of the ATMs that belong to the Bank of America network.

There are ways in which you can spend using the plastic even if it means spending way beyond your means.

In general, credit unions and banks will never charge customers a dime if the transactions on their debit cards are declined either at a store or at any ATM especially if it due to insufficient funds. Howev

Read Full Post…

I have high student loan debt. When I pull my FICO scores from Equifax and TransUnion, the only thing that’s keeping my scores low is that I have a 99% debt-to-income ratio on my student loans. The length of credit history and payment history are fine. I have two credit cards and I use 20% or less of the credit limits, paying in full every month, but I still have mediocre scores of 620 to 680. What to do in this situation?

Answer: Income is not a factor in calculating your FICO credit scores, so your debt-to-income ratio wouldn’t affect your scores. What you may be referring to is your credit utilization — how much of your available credit you’re using. While high utilization of credit cards and other revolving accounts can hurt your scores, it’s unlikely that high balances on installment accounts would be enough of a negative to make your scores so low.

What you need to do is pull your credit reports and examine them closely to see what’s wrong. You may hav

Read Full Post…

Suma Yonkers Credit Union is a full-service financial institution that offers a wide variety of services and products. Suma Yonkers Credit Union is currently offering a competitive 6-month CD rate of 1.51% APY.

In order to earn the stated APY, you must be a member of the credit union. There is a minimum $1,000 opening balance, which must also be maintained in order to earn the full 1.51% APY. Early withdrawal before the account reaches maturity will result in a penalty. Rates are subject to change at any time without prior notice. Please contact the financial institution direclty for more information regarding this account.

Suma Yonkers Credit Union offers members competitive interest rates so that members may earn the most for their money. They also provide members with convenience by offering Internet Banking, E-Statements and Bill Pay. Free Checking as well as Free Life Insurance are also offered to members. Please check the website for the requirements. Suma Yonkers Credit Union wants to help you as much as possible with your financial needs. They have various branch locations all throughout New York.

Aventa Credit Union is a stable, not-for-profit financial cooperative. Here, you will find a variety of high quality and affordable financial products and services. Today, Aventa Credit Union is offering an Electronic Checking Account for .50% APY.

In order to be eligible for the interest on this high-yield checking account, there is a minimum balance of $5.00, as well as membership with the credit union required. Rates are subject to change at any time without prior notice at Aventa Credit Union’s discretion. Please contact the credit union directly for more information regarding this checking account deal.

Aventa Credit Union’s mission is to provide their members with beneficial products while maintaining quality customer service and convenience. Aventa Credit Union offers competitive rates for their savings, checking, certificates of deposits and loan products. In addition, they offer innovative banking technology services like Home Banking, which includes I-Pay and E-Statements. For more information regarding Aventa Credit Union, please visit any one of their four branches in Colorado Springs or Pueblo, Colorado.

Many people are trying to save money on the things that they have to purchase, such as food and clothing, as prices continue to rise across the board.  Some of these people do not know many ways to save money on their purchases because in the past they believed that the amount saved would not justify the time spent trying to save it.  Today, there are many easy answers for saving  money on shopping trips that do not take a lot of time and can result in a reduction of 30-50% of the total cost.

Coupons

Redeeming coupons is one of the most common methods used to save money on purchases..  Coupons can be redeemed for a wide variety of items ranging from clothing to furniture to household appliances and are accepted by stores as varied as toy stores and electronics retailers.  Many coupons area available in your local newspaper’s advertising section and other companies mail their coupons directly to the home or place coupons online for review and printing.

To get the best deals using coupons, take time each week to clip or print the coupons for products that you use regularly or are running out of.  Most coupons are valid for a month after issuance so you have until then to review advertisements to see if any of the products that you have coupons for are on sale.  Purchasing products with a coupon while on sale can save as much as 70% off the total price of the product.

Price Matching

Many stores offer price match guarantees for the products they carry.  If someone finds a lower price at a different retailer for the same item, then the retailer will honor the advertised price or refund the difference between the advertised price and the price that was paid at their location.  This is useful if you purchase a home appliance and notice that the item has gone on sale after you have made your purchase or if you do not have the retailer advertising the best price located close to your home.

Sales

Retailers will have sales for different items at different times of the year and keeping track of the things that you need will help you get most of the things that you need for a sale price.  This can cut 30% to 60% from the amount of spent each month on necessities.  Some people will not purchase items unless they are on sale and never pay the full retail price for anything.  Purchasing items that are on sale at a deep discount and then using a coupon for the item will reduce the cost even further.