Tag: consumer banking
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3 Good Ways to Establish Credit and 4 Ways to Improve It
Posted On: August 13, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
Did you know… The average FICO score in America is 695 and the average Vantage score stands at 673. [source] Less than 1% of the population has a perfect credit score of 850. [source] Only 41% of Americans understand that a credit score measures your risk of not paying a loan, according to a joint survey from the Consumer Federation of America and VantageScore. Credit is important for pretty much all facets of adult life. Credit can be impacted by a number of different things....
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3 Ways Mobile Banking Can Make Your Life Easier
Posted On: May 30, 2019 by Falcon National Bank in: Bank on your Terms | Online and Digital Banking
It wasn’t all that long ago that phrases like “dead zone,” “no Wi-Fi,” and “airplane mode” didn’t cause inner panic and turmoil. Fortunately, or unfortunately depending on how you look at it, we now live in a very technology-driven world. One of the many ways technology has made our lives easier is with mobile banking. Don’t believe us? Here are 3 ways mobile banking has simplified a lot of life things, along with saved many a headache: Insta-bank: As...
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Understanding and Avoiding Mortgage Scams
Posted On: May 7, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
Buying a home is right up there with some of the most impactful events in a person’s life. Unfortunately, many people become victims of mortgage scams and fraud. Someone is always out there looking to make a quick buck. Criminals prey at a time you could be the most vulnerable. You’re distracted and excited about this next chapter of your life. The fact that you’re falling victim to a scam doesn’t even show up on your radar. Understanding mortgage fraud is critical to...
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IRAs: The Basics
Posted On: April 4, 2019 by Falcon National Bank in: Invest your Money | Investment Banking
An individual retirement account (IRA) allows you to save money for retirement in a tax-friendly way. Most people don’t start thinking about retirement until they’re close to that age. It’s hard to imagine saving for retirement when you’re just trying to get by. Between student loan debt and the cost of living, most Millennials don’t have the luxury to plan for retirement. However, if you are not saving for retirement now, you are missing out on major opportunities to...
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Consumer Beware: Tax-time tips to keep you safe
Posted On: February 19, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
The headline of the first article in the February IRS newsletter reads: Don't be victim to a 'ghost' tax return preparer. Wow! What next! The IRS is now warning taxpayers about unscrupulous tax preparers, known as ‘ghost’ tax return preparers. These individual preparers do not sign the return, instead they are instructing the taxpayer to sign themselves and mail to the IRS. These preparers are making some quick fees based on their aggressive write offs and generous refunds. By...
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