Belco Community Credit Union

You may be just graduating high school heading into college, purchasing your first home, or retiring looking to buy your dream car. No matter where you are in your life, odds are you will need your credit checked at some point. But you may have heard the simple saying “how can I build credit, if my credit score is low and I do not have the chance to?” This old paradox has left many individuals confused, frustrated and down right angry. Credit scores have always been difficult waters to navigate, but with proper guidance, you can set sail on a financially healthy life. What is a credit score? In order… read more »

With 2020 in the books, I’d love to look at my finances to get on track for 2021. How do i start? This question is asked more then you may think. Having a financial review at the end of a year is important in helping prepare you for financial success in the year to come. This simple step-by-step process can get you ready to grow financially for the coming year. End-of-Year Review Process Giving yourself an end-of-year financial review is a wonderful way to check on the progress you’ve made toward your goals, highlight areas needing improvement and update your accounts, funds and investments. Here’s all you need to know… read more »

Congratulations! You are about to apply for your first credit card! Having heard about how great a credit card can be, and the importance of building credit, you decided to do some research. You saw fancy things like “0% interest for the first year” and “2% cashback on purchases” that sound like a great deal, but what does it all mean? Whether you are going into college and getting your first credit card, or deciding now is the time to build your credit, you have come to the right place. As I currently write this, I am 18 years old. This is about the recommended age to open a credit… read more »

When you hear about rewards credit cards, what do you think? I’m sure points and bonuses and cash-back galore come to mind. What’s better than getting rewarded for spending money?  While rewards credit card might seem straight to the point, you could be wondering, how do credit card rewards work? Keep reading to get all of the details about how credit card points work and how to get the most from your rewards card.  What Are Credit Card Rewards Points? If your credit card offers rewards points, you earn points for the money you spend with your credit card. You can then redeem those points for gift cards, cash-back, travel… read more »

We’ve all heard it. That $15,000 balance on that credit card will take you 35 years to pay off and cost you $18,000 in interest if you only make the minimum payment. Yet, here you are, looking at your own credit card statements and more than one of them shows a balance that is comparable. At this point, it doesn’t matter how it happened and there’s no sense beating yourself up about it – you can fix it and we can help! Here’s some tips on how. Target just one card first. If you’re carrying balances on multiple cards, it can be frustrating and overwhelming to try to wipe them… read more »