Below you'll find a list of all posts that have been tagged as “credit”
For Loan Officer Natasha Rea, working at Young Americans Bank is her dream job. She just became the Bank’s new Loan Officer, so I sat down with her to learn more about her passion for youth financial education. You could argue that Natasha Rea grew up at Young Americans Bank. Her mother worked in the Accounting department, which meant that Natasha became knew the Tellers …
These two words sound similar, but in fact they are very different: debit and credit. This month, Young Americans Bank introduces these two concepts to help youth understand what they are and how they are used in the banking world. Credit The term credit relates to borrowing. When using a credit card, you borrow money from the credit card company to …
What is a credit score? A credit score is a number that banks and financial institutions use quite a bit. This number determines whether the bank approves you to use a credit card or to take out a loan or mortgage, and this number also determines the interest rate you’ll pay if approved. In short, this number determines your creditworthiness. …
Credit is important in today’s world. We use credit cards to pay for purchases, and we must have credit to be able to take out a loan from a bank or financial services institution. This month, Young Americans Bank helps you learn all about credit! What is Credit? Credit is the borrowing of funds with the intent of paying them …
Do you know the difference between a debit and a credit card? A surprising number of young adults don’t. According to a 2016 study done by LendEdu, 43% of college students couldn’t explain at least one difference between a debit and credit card. Although the survey was small, only 455 students, that’s still a high number. Thanks to Worldpay, formerly …
You’ve probably noticed that most adults have a credit card. But you might be surprised to learn that many adults don’t use a credit card responsibly! Young Americans Bank wants to help you understand what credit is and how YOU can use a credit card responsibly. Then, we want to help you decide if you’re ready for a credit card! …
U.S. News & World Report, a nationally recognized publisher of consumer advice and information, recently completed a nationwide financial literacy survey in order to get a comprehensive understanding about consumers’ experiences with credit cards. The results of the study reveal that many consumers don’t understand the basics of credit card ownership, such as credit score, interest rate and the consequences …
With the holiday season quickly approaching, many folks are going shopping to find the perfect gifts for their friends and families. We are all trying to keep track of our spending and make wise financial decisions to protect our credit scores or our personal checking accounts. In Ameritowne and International Towne, students have a similar goal of recording purchases so …
Each month in Young Americans Bank we focus on one financial concept and talk with all of our customers about it. This month we’re discussing credit: what it is, how you build it, and how you use it. What is credit? So what exactly is credit? Credit is defined as confidence in a borrower’s ability and intention to repay. The …
This month we’re discussing the concept of credit versus debit. At Young Americans Bank, you can apply for either card — or both — but it’s important to know the difference and how each can be used. Debit Debit cards are swiped like credit cards, but the money comes directly out of your checking account. Because this money comes directly …
