Your Financial Questions Answered

Is my money safe in the bank?
The Federal Deposit Insurance Corporation (FDIC) protects deposits to $100,000. The FDIC is an independent agency of the U.S. government that protects depositors from losing money if their insured bank or savings institution were to fail.

How do I prevent getting into debt?
To prevent debt, build up your savings, manage your money well, and insure your assets and yourself.

Where can I obtain a copy of my credit report?
Three major credit reporting agencies keep credit reports. Equifax: 1-800-685-1111; Experian: 1-888-397-3742; TransUnion: 1-800-888-4213.

How do I build a good credit rating?
Pay your bills on time, limit your debt, and check your credit history for errors.

What is a credit score?
A score is a snapshot of your credit risk at a particular point in time. The most widely used credit scores are FICO scores.

What is unsecured debt?
Any loan or debt that has no tangible assets or property attached to it. Money owed on credit cards is unsecured debt.

What are debt consolidation loans?
Debt consolidation loans are loans that combine the majority of your outstanding debt into one easy to make payment.