credit Archives - liveandloveoutloud.com

Posts Tagged‘credit’

How Are Credit Scores Calculated?

Whether you were born in the U.S. or you move here, understanding how credit reports and credit scores work is an important part of your financial life. Your credit score plays an essential role in pretty much everything related to your personal finances. Knowing what goes into your credit score and how it’s calculated can help empower you to make the decisions that will allow you to have a good score, and then you’ll have more financial opportunities as a result. “Even if you’re just looking for a new job or apartment, having a thin credit profile—meaning you don’t have…

Credit Unions Face Unique Governance Challenges: Here’s How Technology Is Helping

Ever since they first emerged on the North American scene, credit unions have played an important local role in shaping how people save and invest their money. But over the past twenty years, as the banking industry has seen consolidation after consolidation and a handful of powerful national financial institutions have come to dominate banking in the United States, credit unions have become the service of choice for consumers who want their financial institutions to offer local decision-making and investment into their community. Even as this has given credit unions greater significance and power, it has also left them a new…