How to Correct Errors on Your Credit Report

May 06, 2022 by First Federal Bank

Managing your credit score takes hard work and it could help you purchase a house, a vehicle, or other big-ticket items. However, if a credit bureau does not have the correct information included in your credit report, it could affect your credit score. Here is some advice on how to report and correct potential errors on your credit report:

Topics: Financial Education, Credit Cards

Monitoring Your Credit Report

November 17, 2021 by First Federal Bank

Your credit report holds plenty of valuable information. It can help you understand your spending habits, lend insight into your creditworthiness, and, perhaps most importantly, it can enable you to monitor your accounts for fraud. Here’s a look at a few different strategies for watching your credit report — and what you should do if you notice...

Topics: Financial Education, Credit Cards

What to Do When Your Credit Card is Compromised

October 22, 2021 by First Federal Bank

Though you try to protect your vital information when shopping online, the risk of having your credit card information compromised is higher than ever. Even with advanced security protocols, you could find yourself a victim of credit card fraud. Fortunately, recovering from this kind of situation is a straightforward process — so long as you know...

Topics: Fraud Alerts/Scams, Credit Cards

Managing Your Credit Score

October 08, 2021 by First Federal Bank

Since your credit score is an indicator of your financial standing, it plays a large role in determining your eligibility for loans and favorable interest rates. If you’d like the opportunities that come with a higher credit score, here are some of the best practices for managing your money to boosting your score:

Topics: Financial Education, Credit Cards

Should You Cancel a Credit Card with $0 Balance?

May 26, 2021 by Stephanie McClendon

Many consumers are tempted to limit their debt by closing one or more credit cards, as a result of the steady rise of the cost of living, and credit card interest rates. However, while there are many reasons to close a credit card, there are ultimately even more and better reasons not to do so.

Topics: Financial Education, Credit Cards

Tips for Making Mobile Payments

March 10, 2021 by First Federal Bank

Smartphones have revolutionized how you can perform financial transactions, making it easy for you to shop, pay bills, and send money to friends from wherever you are. You can perform these transactions in a variety of ways, such as paying via web browser or app, using near-field communications (NFC) technology to tap your phone at checkout, or...

Topics: Online Banking, Credit Cards, Mobile Banking

Reasons to Go Paperless

January 25, 2021 by First Federal Bank

If you’re inundated with requests by utility providers, department store credit cards, and insurance companies to “go paperless” but haven’t made the switch to digital statements yet, you’re missing out on some great benefits.

Topics: Technology, Insurance, Credit Cards

Refinancing A Loan

January 18, 2021 by First Federal Bank

Refinancing a loan involves replacing an existing loan by paying off the debt with a new one. Ideally, the new loan has better terms or features to make the process worthwhile. This can help save you money in the long term or make your life easier in other ways.

Topics: Financial Education, Credit Cards, Personal Lending

When To Contact Credit Card Customer Service

November 13, 2020 by First Federal Bank

Credit cards are a ubiquitous part of modern life. But while increasingly advanced websites and smartphone apps give you a lot of control over your credit cards and accounts, sometimes it is best to speak to a live customer service representative over the phone to get something done. The following are situations when making that call makes the...

Topics: Fraud Alerts/Scams, Credit Cards

Financial Fraud: How to Spot the Warning Signs

November 06, 2020 by First Federal Bank

In today’s fast-paced, online-centric world, scammers have more tools than ever to separate you from your hard-earned money. These efforts often ramp up during the holidays season. It is important to know these major warning signs for financial fraud:

Topics: Fraud Alerts/Scams, Personal Banking, Financial Education, Credit Cards

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