Tag: debt
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Your Credit Score: A Guide to Understanding the Basics
Posted On: June 30, 2020 by Falcon National Bank in: Your Financial Life | Personal Banking
What is a Credit Score? Credit scores are measured on a scale of 300 to 850. Your credit score is a representation of how much debt you have, your credit risk, and your likelihood of paying a bill on time. A few factors contribute to determining this, such as how many lines of credit you have and your financial records. The breakdown of what affects your credit score looks something like this: 10% – Types of Credit Used 10% – Recent Credit Changes 15% – Length of...
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Less is more this year: Work on decreasing your debt for a brighter financial future
Posted On: January 22, 2020 by Falcon National Bank in: Your Financial Life | Personal Banking
It’s 2020, so this should be the year that provides clarity for you to look at your personal finances with an eagle eye. Be honest with yourself, did the holidays cause you to go into debt? Because it’s a new start to the year, we want you to start the year strong and achieve financial stability before next December. Untangle yourself from all the debt you’ve accumulated over the years with these simple tips: Cut up your credit cards immediately The fourth biggest cause of...
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