MoneyWisdom Blog

Shrink Your Debt: We Can Help You Make a Plan

Posted by Moneywise Newsletter on Oct 5, 2016 7:38:00 AM

There is no magic wand to poof away debt. However, by managing your credit card balances thoughtfully, you can shrink them faster and reduce what you pay in finance charges.

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Topics: Debt, Balance Transfer, Credit Card

How We Paid Off $70,000 in Debt in 5 Years

Posted by Samantha Ryan on Jun 8, 2016 3:08:02 PM

 

You read that headline right. My husband and I paid off $70,000 in debt in five years, and this is our story.

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Topics: Debt

What Debt Collectors Can’t Do

Posted by Maria Porto on Feb 17, 2016 3:22:18 PM

The financial stress that employees suffer in the workplace is rooted in many different places. At times, it comes from debt that is out of control. For that reason, I suggest you post this list in a public place, maybe your company kitchen, so that employees can access it privately in their own time.

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Topics: Debt

Boost Your Mood with a Solid Savings Plan

Posted by Moneywise Newsletter on Jan 7, 2016 9:18:30 AM

Keeping yourself out of debt could benefit more than just your finances. According to a study from the Center for Financial Security at the University of Wisconsin-Madison, a 10% increase in short-term debt, such as overdue bills and credit card debt, was linked to a 24% increase in symptoms of depression.

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Topics: Financial Stress, Debt

What does Fed interest rate hike mean for you?

Posted by MaryJo Kurtz on Dec 18, 2015 9:55:10 AM

The Federal Reserve made headlines this week when it announced an increase in its key interest rate by a quarter percent after seven years of near 0% rates. What does this mean for you? We put the question to Hanscom Federal Credit Union’s Senior Vice President of Lending, Tom Becker.

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Topics: Mortgages and Refinance, Money Management, Debt, Lending

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

College Debt: Keep It in Check

Posted by Moneywise Newsletter on Jun 26, 2015 8:59:56 AM

Move over credit cards – college debt is now the No. 1 source of consumer debt in America, according to data from the Federal Reserve Bank of New York.

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Topics: Student Loans, Money Management, Financial Education, Debt, College

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