Smart Money Page 2

  • 6 Moves to Build Credit from Scratch

    6 Moves to Build Credit from Scratch

    It happens to many people: they're ready to jump into a home mortgage, they submit their information for loan pre-qualification and they get denied on account of not having any credit history. Why is that? Why is credit so important? There's nothing inherently wrong with having no credit, but financial institutions like to see that people to whom they lend money have a record of paying back their debts. If you d…

  • 5 Easy Ways to Protect Your Smartphone from Cyber Attack

    5 Easy Ways to Protect Your Smartphone from Cyber Attack

    It's time to start worrying about smartphone security. Your smartphone is full of personal and professional information that cyber crooks would love to get their hands on. Mobile banking and other phone-based financial services are becoming increasingly popular – 39 percent of smartphone users use mobile banking, according to 2015 study done by the Federal Reserve. Yet most smartphones are completely unpr…

  • Where Veteran's Charity Funds Go

    Where Veteran’s Charity Funds Go

    Americans donated a record-breaking $358 billion to charity in 2014, a seven-percent increase from the year before, according to the Giving USA Foundation and the Center on Philanthropy at Indiana University. Military members and their families are often among the most consistent of givers. Given their familiarity with and empathy for military issues, military charities and veterans groups are often the recipients…

  • 5 Reasons Members of the Military Go Into Debt

    5 Reasons Members of the Military Go Into Debt

    Some form of debt haunts most Americans. But a new study reveals that members of the military accrue debt at alarming rates when compared to civilians. This debt can endanger service members' financial lives (and their jobs) if left untouched. Approximately 36,000 active members of the military have recently requested financial help due to large debt threatening to annul their clearances, according to nonprofi…

  • 5 Easy Ways To Keep Your Identity Safe

    5 Easy Ways To Keep Your Identity Safe

    We are constantly bombarded with information about identity theft and ways to keep our personal information personal, but some are incredibly complicated. With all the scare tactics in the media and intense measures many people go through to keep their identity safe, it is easy to forget simple ways to prevent identity theft. Here are five everyday tips anyone can use to protect their personal information: …

  • 5 Red Flags on Credit Card Offers

    5 Red Flags on Credit Card Offers

    Younger consumers often receive credit card offers in the mail. The appeal of charging wish-list goodies to a credit card allures shoppers in their late teens and early 20s. Young military families, especially those in financial trouble, need to look out for predatory offers. In 2015, credit card lenders rejected only 13.5 percent of people who applied for credit cards, compared to the 20.2 percent in the year …

  • The Pros and Cons of Switching to a Credit Union

    The Pros and Cons of Switching to a Credit Union

    With ever-rising bank fees (and frustrations), many people are considering a switch to locally-owned credit unions. Credit union membership hit a record high in 2015, with 104.8 million memberships nationwide. How do you decide if this is the right move for you? How do you choose a good one? Read on to learn more about this financial trend. What is a credit union? Credit unions are similar to traditional b…

  • Using VA Benefits to Refinance Your Mortgage

    Using VA Benefits to Refinance Your Mortgage

    A lot of financial advice in the housing market is given to those looking to buy or sell their homes. But what if you’ve already bought your dream home and still want to stay financially savvy? One option you may have considered is refinancing. The prospect of a lower rate or re-extending to a 30-year-mortgage may be appealing, but the perceived hassle of essentially re-buying your home deters many of the homeow…

  • Safeguard Yourself From Identity Theft

    Safeguard Yourself From Identity Theft

    Identity theft remains one of the most pervasive and devastating personal and financial attacks on consumers nationwide. The Federal Trade Commission reported more than 330,000 victims of identity theft in 2014, according to Security Technology News. Military members are not immune to these craven financial predators. Victims may discover that their Social Security number, bank account data, or other personal i…

  • Debt and Credit Direction

    Debt and Credit Direction

    Credit cards and loans can be a great way to bridge the gaps in your budget as long as you know you can pay them back. However, what happens when you find yourself in over your head? Between school loans, mortgages, and credit cards many people find themselves tens of thousands of dollars in debt. If you are concerned about debt, here are some tips to help keep you from drowning in credit problems: Get Everyt…