Refinancing can lower payments or free up cash—but it’s not always the right move. The real question isn’t can you refinance, but should you. Learn when refinancing auto or home loans makes sense, when it doesn’t, and how to decide what’s best for your financial goals.
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Recover from holiday spending by checking your credit report. January is the perfect time to spot high utilization, missed payments, or fraud. Metco members can easily monitor their credit health with SavvyMoney. Check your score today to ensure a strong financial start to the year!
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The U.S. has stopped making new pennies for circulation, and they’ll gradually disappear from wallets and cash drawers. For members, this means cash purchases may be rounded to the nearest five cents—but digital payments stay exact. At Metco Credit Union, we’re here to help you navigate the change and make sure your money always adds up.
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Your credit score isn’t just about making payments on time. Large purchases and high credit usage can temporarily lower it. Here’s what you need to know to stay in control of your score.
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When the Federal Reserve changes interest rates, it can ripple through to your wallet — but not all loans react the same way. Short-term and variable-rate loans, like credit cards or auto loans, usually move with the Fed’s rate changes, while long-term fixed loans, such as mortgages, often follow different market factors like Treasury bonds.
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Your credit can play a big role in your life. It can affect whether you’re approved for a loan, how much interest you’ll pay, or even if you’re able to rent an apartment. A common question we hear is: “Is a credit score the same as a credit report?” The answer is no — but […]
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Your credit report is a crucial tool for maintaining financial health—it details your borrowing history, personal information, and recent inquiries that impact your financial future. Lenders, landlords, and even some employers may review this report to assess your financial responsibility. Keeping a close eye on it helps you stay informed and avoid surprises when applying […]
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Credit card debt is a significant aspect of many people’s financial lives, yet it’s frequently underestimated or ignored.
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I’ve talked with a lot of homeowners who feel “trapped” in their homes right now because they would like to move, but don’t want to lose their low mortgage interest rate. One solution I always like to mention is to consider improving, rather than moving.
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If you’re grappling with making ends meet financially, here are six potential root causes. The good news is, we can help you with all of these and get you on the road to financial stability! Our team is committed to providing tailored solutions and educational resources to empower you on your financial journey. By partnering […]
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