Blog

Your debts have an important relationship with your credit score, but this relationship can be difficult to understand. It has many components, and maintaining the right balance of debt can be tricky without proper information. In this blog, we’ll break down the different kinds of debt, how debt affects your credit score, and how to manage your debts in order to achieve or maintain a good credit score.

With rising home prices and mortgage rates, many homeowners are choosing to renovate their homes instead of moving. And while improving your current home may be more affordable than purchasing a new one, it will still cost you. But if you’ve paid a significant portion of your mortgage, paying for that remodel may be easier than you think.

Have you been dreaming of remodeling your home? Perhaps you’ve had ideas for a kitchen remodel for many years but simply haven’t been able to afford it. If you find yourself in need of funds for a large or unexpected expense, a personal loan may be just what you have been looking for. Keep reading to learn more about personal loans and how they can help you achieve your goals.

An auto loan is money you borrow to pay for a vehicle. But every auto loan is different, and comparing your options to find the best loan for you can save you thousands of dollars. In this blog, we’ll break down the variable components of an auto loan so that you know what to look for when applying for one.

Loans. It’s a word we hear all the time. But what exactly does it mean? And how do they work? Let’s break it down.

Managing finances is a crucial aspect of running a small business. From keeping track of expenses to ensuring a steady cash flow, effective financial management plays a vital role in the success and growth of any enterprise. To simplify and optimize these processes, small businesses can turn to SharePoint Credit Union, a trusted partner that offers a range of comprehensive financial solutions. In this blog post, we will explore a variety of financial products and services provided by SharePoint CU that can empower small businesses, promote growth, and enhance their bottom line.

Your home is not only a place of comfort and security but also a valuable asset that can work for you financially. If you're looking for a flexible way to access funds for major expenses or investments, a Home Equity Line of Credit (HELOC) could be the solution. At SharePoint Credit Union, we understand the importance of making informed financial decisions. In this blog post, we'll explore what a HELOC is, its benefits, and how it can help you achieve your goals.

Maintaining good credit is a vital aspect of personal finance. It empowers you to achieve your financial goals and enjoy favorable borrowing terms. As a valued member of SharePoint Credit Union, we understand the importance of a strong credit profile. In this blog post, we will delve into the principles and strategies for maintaining good credit. By following these guidelines, you can safeguard your creditworthiness and pave the way for a brighter financial future.

Building credit is an important aspect of achieving financial stability and success. A good credit score can open doors to better interest rates, lower insurance premiums, and even help you secure your dream home. However, building credit is not always an easy process, especially if you are starting from scratch. In this blog post, we will explore some tips and tricks for building credit, so you can achieve your financial goals and build a strong credit history.

Your credit score goes up when you show that you’re financially trustworthy. One day you pay off a loan and notice that your score drops. Shouldn’t your credit score have jumped up, instead? To understand what’s happening, take a look at how credit scores are calculated.