Managing Your Credit and Debt
- Introduction
- What's Your Credit Rating?
- Reasons for Being Denied Credit
- Using Your Credit Card Safely for Internet Purchases
- Reestablishing Credit
- Talk to Your Creditors
- Collection Agencies
- Credit Counseling
- Alternative Ways to Pay Off Your Debt
- Paying Your Debt to Uncle Sam
- Bankruptcy
Reasons for Being Denied Credit
There are a number of reasons for being denied credit, such as a history of paying late or slowly, having had collection procedures initiated against you, or having filed for bankruptcy. Having too many credit cards can be another. Even if you don't use the cards, they represent credit that's available to you. If that credit becomes too high a percentage of your salary, no one will want to loan you money. A creditor may even refuse you credit if you've had too many credit inquiries over the past few months, because that may mean you've got multiple applications for credit being applied for simultaneously.
Another problem is credit fraud. It is all too easy for unscrupulous people to get access to your personal information, which can then be used to apply for credit in your name. If you find that you are getting bills for things you didn't buy, take action immediately! The sooner credit fraud is discovered, the sooner you can start to make repairs to your credit rating.Share Article:
IT IS IMPORTANT that our customers understand that products and services made available through Osaic Institutions, Inc.
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.