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If you aren’t getting approved for credit cards or loans, or aren’t getting favorable rates for financing, you might need to make some improvements to your credit score. Doing so takes a little time, but we have some tips that can help you along the way. Pay Your Bills on Time The single biggest influence…
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I recently had a conversation with a 25-year-old about the importance of building credit. He has a good job and is able to save an admirable amount of money each month. He has life goals, which include purchasing a home in the near future. But, he has never taken out a loan and doesn’t have…
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If you’re just beginning to build credit (or are working on improving it), you may be closely monitoring your credit score. And if you don’t have much credit history to begin with, your score could be impacted by changes – big or small – in your credit reports. Learn more
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If you’re like the hundreds of thousands of college students who take out student loans each year, you’ll have something waiting for you when you graduate or leave school: Loan payments that will likely take years to pay off. Learn more
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It seems like nobody is safe from scammers – and that includes high school and college students who become targets of schemes that involve scholarships and jobs. Learn more
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Following the declaration of the global pandemic in March of 2020, the Trump administration instituted a federal student loan moratorium that resulted in an immediate pause on student loan payments and interest accrual for federal student loans. Furthermore, federal loan servicers were prohibited from taking action on borrowers in default before the start of the pandemic. Learn more
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Saving for a child’s college education is one of the biggest financial endeavors parents face today. Similar to building up a nest egg for retirement or purchasing a home, saving for college is a marathon, not a sprint. Tuition (and related expenses) continue to increase year over year with no end in sight, which means implementing a savings plan is more important than ever. Learn more
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It’s that time of year again. Backpacks are lining the shelves, leaves are beginning to fall, and children are scrambling back to the normalcy of a daily routine. Back to school means back to learning, and whether your child is collecting coins around the house or experiencing the excitement of a first job, it’s never too early to start educating them about money. Read on to learn about ways you can help your child get ahead of their financial futures. Learn more
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Back-to-school season is upon us, and for many of us this means preparing for one of the busiest shopping times of the year. Keeping your spending under control can be difficult in today’s economy, especially when it comes to your child’s needs. At Lafayette Federal, we want to help you support your family by offering these helpful strategies to best minimize costs while shopping for all your back-to-school needs. Read below to find out how to boost your savings and get the most out your school year. Learn more
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