MoneyWisdom Blog

Here’s what you need to know before you consolidate credit card debt.

A balance transfer is exactly what it says it is: the movement of a credit card balance over to another card. Borrowers like balance transfers because they can transfer higher interest debt to a lower interest card.

Moving to a new city? Changing jobs? Beginning or ending a relationship? All of the above at once? New life changes can be exciting, but also overwhelming. No matter where life takes you, you’ll want to stay in control of your finances.

I love burritos, but I had to delete an app developed by a chain restaurant that allowed me a convenient way to get my burrito fix. I’ve been putting it off for months, but I finally decided that the convenience wasn’t worth the risk. Let me explain.

We recently had a member reach out to us to ask if we are prepared for a possible cyberattack. The member had been following recent headlines about international unrest and was concerned about the safety of the credit union. If you, like this member, have ever questioned whether Hanscom Federal Credit Union is taking measures to protect against such an attack, we assure you that we take cybersecurity very seriously. In this blog post, we will explain the safeguards that we exercise and share five things you can do now to protect your accounts.

Being a real estate investor is an appealing idea for many people. It can seem like a fun and lucrative way to make some extra money. But, of course, it’s not quite as simple as that. Before you sink money into an investment property, you need to know what your ultimate goal is:

Police departments around the country are warning citizens in their communities to avoid abbreviating 2020 when they're writing out dates, especially on checks, contracts, and other important legal and financial documents. 

It's now 2020, a number synonymous with clarity and vision.

So what better time to take a good, hard look at your finances?  

Consider making a resolution to save money, one of the best ways to secure many happy new years ahead.

What do gift cards and laundry-day socks have in common?

Both disappear at alarming rates.

Nearly six in ten consumers put gift cards on their holiday wish lists this year, ahead of all other types of sought-after purchases, yet so some many of them drift to the back of desk drawers or sink to the bottom of purses, never to be seen again — or spent. 

If you're thinking about buying your first home or a new car but are worried your credit score will prevent you from making these purchases, we have three pro tips to help you boost your credit score quickly, which may help you qualify for a better rate on your mortgage or pay less for those dream wheels.