Q.How do I stop getting credit offers in the mail?
Posted January 7, 2016
A. You may opt-out with the nationwide credit bureaus at 1-888-5 OPTOUT (1-888-567-8688) Read more
Q. Where can I find out about scams?
Posted January 7, 2016
A. Here are some resources about scams: WiserWomen-Improving the long-term financial security of all women through education and advocacy. The Federal Trade Commision (FTC)-The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. Read more
Q. What is bankruptcy?
Posted January 7, 2016
A. Bankruptcy is best explained through one or all of the following links: Is bankruptcy right for you? Federal Bankruptcy Information Maine Bankruptcy Information Read more
Q. What if I have been turned down by a bank or credit union for an account?
Posted January 7, 2016
A.Many banks and credit unions will use a system called the ChexSystems or Early Warning System. These services provide information to them about whether or not you have had a bank account closed on your behalf by another bank or credit union. This service helps them determine what amount of risk they might assume by allowing… Read more
Q. What if I don’t have the items needed to open a bank or credit union account?
Posted January 7, 2016
A. If you don’t have some of these items, you may want to look into getting them. You can request a new social security card here. The Bureau of Motor Vehicles (BMV) handles driver’s licenses and state id’s. You can find a location here if you need to renew or replace one. Passports can be… Read more
Q. Why use a bank or a credit union?
Posted January 7, 2016
We all need to keep our money safe. A bank or credit union will protect your money from being lost or stolen, and all money in insured financial institutions is protected by the U.S. Government. Using a bank or credit union saves you money from pay fees to cash paychecks, pay bills, transfer and borrow money…. Read more
Q. What’s the difference between a bank and a credit union?
Posted January 7, 2016
A. Banks and Credit Unions similar products and services; it is important to choose one that will offer the services that are most important to you. The main difference between them is that a Bank is a company owned by shareholders. The Bank aims to maximize the profits for shareholders. A Credit Union is owned… Read more