Need help managing cash flow? A business line of credit may be the right option for you. A business owner can borrow as needed up to the limit of the approved credit line, which can range from $10,000 to $1,000,000, depending on the type of business. Business lines of credit with lower credit limits are usually unsecured. This means collateral such as real estate or inventory is not required. How does a line of credit work? A line of credit works much like a credit card. You can draw funds … [Read more...] about Business Line of Credit: How It Works, When It is Useful
Credit
Choosing the Best Credit Card Among Low Rates, Rewards, Cash Back
There are plenty of enticing offers for credit cards out there, but no card is one-size-fits-all. Some credit card users may benefit most from a low interest rate so they’re saving more over time. However, frequent travelers might make better use of a rewards card with travel benefits, while shoppers may prefer the convenience of cash back. With all these choices, it may feel overwhelming to decide which card is best for you. If you’re looking for the right card to match your spending habits … [Read more...] about Choosing the Best Credit Card Among Low Rates, Rewards, Cash Back
Receiving Credit Where Credit is Due
Now that many of you have had a chance to begin settling into the routine of having your children back in school, it might be time to take a minute or two and look at all of those forms you received at registration. While I am going to address parents whose children are in public or charter schools to begin with, there will be information for those of you who don't have children in school as well. Okay, public or charter school parents, let's take a closer look at all of those … [Read more...] about Receiving Credit Where Credit is Due
Credit Union Utilizing Latest Technology
Mobile banking arrived at Coconino Federal Credit Union on Sept. 19, making it the very first local bank to offer the service. Jennifer Harris, president and CEO of the credit union, is excited about the new technology. “Mobile banking allows our customer members to access their accounts 24/7 from their cell phones,” she said. “They can download an app and transfer money, pay bills and get alerts – if their balance goes below $100, they get a text message.” She said when customers are … [Read more...] about Credit Union Utilizing Latest Technology
Credit Card Costs
Most consumers choose their credit and debit cards for a reason. Some offer free airline miles, other cards add a percentage to a child’s college account or even have cash refunds. But few consumers know why the businesses they frequent accept, or don’t accept, certain credit and debit cards, what card transactions cost the merchant or why some small businesses are even choosing to take cards with the swipe of a smartphone. Cash Only Business Turney Postlewait, owner of … [Read more...] about Credit Card Costs
Customers Seeking Relief From Bank Fees
As news of new and steeper banking fees has swept the nation, so has speculation that there will be a mass exodus to credit unions, which, because of their unique missions, are more likely to hold off on such charges. So far, the movement of customers from banks to credit unions in Northern Arizona is more of a gentle swell than a tsunami, but it has begun. “We're not really seeing a jump in new accounts, but I am seeing a big jump in traffic on our website,” said David Kexel, vice … [Read more...] about Customers Seeking Relief From Bank Fees
Credit Union’s Shred-A-Thon Protecting Identity Theft
The Arizona State Credit Union's Shred‐A‐Thon will make its second stop in Flagstaff Tuesday, August 9, before completing the 2011 tour with stops in Prescott and Prescott Valley. This free event helps members of the community by raising awareness about the importance of shredding personal documents to protect against identity theft. “I am inspired by the turnout we’ve had during this Shred‐A‐Thon tour and encourage the Flagstaff community to drop off their old documents for shredding and … [Read more...] about Credit Union’s Shred-A-Thon Protecting Identity Theft
