MoneyWisdom Blog

How to Detect Identity Theft on Your Credit Report

Posted by Hanscom Federal Credit Union on Sep 23, 2015 5:00:00 AM

If you’ve accessed your credit report, odds are that you have seen some mistaken information in the file. Statistics show that the majority of people have errors on their credit report. Do these errors result from identity theft? Not necessarily. There are two types of misinformation found on credit reports, and it helps to identify each.

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Stop by a Branch on Sept. 24 for Member Appreciation Day

Posted by Patti Conty on Sep 21, 2015 10:08:29 AM

Be part of our last blast of summer. On Thursday, September 24, we’ll be grilling hot dogs outside our main office from 11 a.m. to 1 p.m. Come by for lunch and to meet Meagan Fuller, the current Miss Massachusetts.

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Topics: Hanscom FCU Community

What Employers Look for On Your Credit Report

Posted by Hanscom Federal Credit Union on Sep 18, 2015 6:00:00 AM

You’ve got the skills. You’ve got the experience. But you’re worried your credit reports may hold you back from getting that dream job. And to make matters even more aggravating, you have no idea what exactly the hiring company will be looking for on the reports. While it’s not possible to say exactly what any particular company looks for on a credit report when making hiring decisions, there are certain items that employers frequently mention as credit-related reasons for passing over certain candidates. Here’s a list along with what steps you can take to address the impact of the negative information.

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Topics: Debt

Online Access HD Gets an Upgrade, You Get Great New Tools

Posted by Patti Conty on Sep 16, 2015 2:46:32 PM

You’ll be happy to hear that an upgraded version of Online Access is here. Get ready for faster access, an easier way to pay bills, and improved search so you can quickly find the information you need.

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Topics: Mobile

11 Things Business Owners Should Know About Chip Cards

Posted by Phil Purcell on Sep 14, 2015 8:52:25 AM

As I’ve been shopping over the last couple of weeks, I’ve been watching how different businesses are preparing for the switch from magnetic strip credit cards to the chip cards that will be coming soon. It’s been fascinating to me.

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Topics: Small Business

Hanscom FCU Honors Final Hero Among Us of the Season

Posted by Patti Conty on Sep 2, 2015 8:37:12 AM

It was a beautiful summer night in Lowell as Hanscom FCU honored the last of its Heroes Among Us this season. Staff Sgt. David Seng was the guest of honor at the Lowell Spinners baseball game where he took part in a pre-game ceremony, threw out the first pitch, and watched the game from a luxury box along with 10 guests.

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Topics: Hanscom FCU Community

Life on a Budget: 10 Free Area Events to Close Out Summer

Posted by MaryJo Kurtz on Sep 1, 2015 11:02:13 AM

This is the last entry in our Life on a Budget summer series. Over the past few months, we’ve shared dozens of free, quality area events for you and your family — proving that we can create great memories and sunny selfies while, hopefully, keeping some extra cash in our pockets.

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Topics: Money Management

What is a Mass Save® Home Energy Assessment?

Posted by MaryJo Kurtz on Aug 28, 2015 7:30:00 AM

I learned two things from my free Mass Save® home energy assessment last year: both the attic insulation and windows of my home are in great shape. This was good news to hear before investing in central air conditioning. The auditor also helped me prioritize home energy projects on my honey-do list.

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Topics: Going Green

Can No-Limit Credit Cards Limit Your Credit Score?

Posted by Hanscom Federal Credit Union on Aug 26, 2015 2:40:27 PM

If you are familiar with the way credit scoring works, you probably know that avoiding being “maxed out” on your credit cards and other revolving accounts generally impacts your score in a positive way. You might also be aware that the FICO score — the most popular model —dedicates 30% of its score calculation to how much of your available credit you are using. The lower percentage of available credit you are using, the better your FICO score will be. It would seem then that logic dictates that a no-limit credit would be the best possible solution for this part of your FICO score calculation, since you theoretically have an infinite amount of available credit. But this is one place where logic fails.

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Topics: Credit Matters

Life on a Budget: 10 Free End-of-Summer Boston Events This Week

Posted by MaryJo Kurtz on Aug 25, 2015 7:03:35 AM

While scrambling the stores for last minute school supplies, it’s good to know there are some free area events that are keeping summer alive. Sneak in your last outdoor family movie before the leaves fall or stroll the Harbor with your honey to catch one more summer sunset — just a couple of ideas in this week’s Life on a Budget column.

Do you know of other free area events this week? Please share in the comments below!

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Topics: Money Management

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