As we turn the calendar page to August, it’s hard to believe that more than half of 2015 has gone by. If you made a New Year’s resolution to clean up your finances, have you saved as much as you wanted? Have you paid down any debt or has your debt actually increased? The halfway point in the year is a good time to check in and see how you are doing. Here are 5 tips brought to you by Accel, a company that Catholic Federal has partnered with to offer free financial counseling to members of the credit union; Accel’s personal finance counselors want to help you better understand your 2015 finances, and how you can get back on track, as the holidays approach.
Have you checked your credit report lately? If you have, good for you. If you haven’t, you should. Today. Right now. Just go to annualcreditreport.com. It’s free! And if you need help understanding your report, you can contact Accel, Catholic Federal's financial counseling partner. They’ll explain your report and how to fix it, for free.
It’s an important document. Your credit report contains a history of how you’ve handled the money you’ve borrowed, either through loans or credit cards. You’re also assigned a credit score - a number between 300-850 - that reflects how well you’ve handled the money you’ve borrowed. The more responsible you’ve been, the better your score.