Feb 13, 2023 | Financial Literacy, News
TransUnion Report Finds Consumers Looking to Credit Products to Make Ends Meet A recent TransUnion report highlighting credit activity in Q4 of 2022 found that credit card balances hit a record $931 billion, which increased 18.5 percent from the fourth quarter of...
Feb 8, 2023 | Financial Literacy
Important things to know about Certificates of Deposit Certificates of Deposit (CDs) are a type of financial account where a fixed amount of money is held for a fixed amount of time. The financial institution that issues your CD will pay you interest. Like any...
Feb 6, 2023 | Financial Literacy, News
More Higher Earners Report Living Paycheck to Paycheck A new survey by PYMNTS.com and LendingClub found that 64 percent of American consumers were living paycheck to paycheck at the end of 2022, which is 3 percent higher than in 2021 and an increase of 9.3 million...
Feb 1, 2023 | Financial Literacy
Important things to know about Savings Accounts A savings account may sound relatively simple. But there is more to it than meets the eye. Savings accounts can be an excellent tool for investing in your future or simply for saving up for a specific purpose or...
Feb 1, 2023 | Financial Literacy, News
Recent Study Finds Illinois Rate Cap Reduced Access to Credit A recent study found that the 36 percent interest rate cap on consumer loans imposed by the 2021 Illinois Predatory Loan Prevention Act (PLPA) decreased the availability of small-dollar credit and worsened...
Jan 30, 2023 | Financial Literacy, News
Majority of Adults in U.S. Unable to Afford $1,000 Emergency Expense A recent Bankrate report found that 57 percent of U.S. adults could not afford a $1,000 emergency expense. When asked how they would pay for an emergency expense, only 43 percent said they would use...
