New UltraFICO Score Could Boost Credit Access for Consumers

A new FICO credit score, launching in 2019, could be good news for consumers who don’t quite have the credit scores they need to qualify for a financial product or for the terms they were hoping for.

The UltraFICO score is an opt-in credit model that uses information from your checking, savings or money market accounts to supplement data already in your credit report. The information being considered includes how much you have in savings, how long the accounts have been open and how active they are. It’s meant to boost your existing FICO score, which ranges from 300 to 850. Continue reading

3 Simple Things Anyone Can Do to Stay Out of Debt

With a swipe here and a swipe there, it can be easy to live your life on plastic and pile up debt. You’re not alone: U.S. households carried credit card balances that totaled $815 billion in debt in the first quarter of 2018, according to the Federal Reserve Bank of New York.

Sticking to a budget, spending wisely and focusing on your financial goals can help you use your money for the things that are most important to you — without taking on the burden of credit card debt. Here are three strategies to help you avoid the debt trap. Continue reading

Nine Ways to Master Your Money

1. Set S.M.A.R.T. Goals
Saving tends to be easier when you have a certain purpose in mind: Saving for your first house, your retirement at a certain age, a child’s college education, or even a trip around the world. The important thing is for your goals to be specific, measurable, actionable, realistic and time-bound, or SMART. Continue reading

Three reasons why you live paycheck-to-paycheck (and how to break the cycle)

Does saving money seem impossible? You’re not alone. Reportedly, more than half of Americans have less than $1,000 to their name.

While it’s hard to imagine keeping extra cash when you live paycheck-to-paycheck, there is hope. If you take a big-picture view of your spending habits, you’ll be surprised at the savings opportunities you might find.

Here are three reasons that may be preventing you from building a stronger financial future: Continue reading

Free Debt and Budget Coaching

We care about your financial wellness! That’s why we’ve partnered with industry-leading, BALANCE, to provide you with free access to expertly-crafted financial education and resources to help with your fiscal matters. BALANCE can assist with confidential, no-cost financial counseling services to help you develop a sensible budget managing spending and debt. For all your financial life stage changes and more, we—in partnership with BALANCE—are here to help. Continue reading