Debt can be a challenge to manage, even in the best of times. Now, with the economy in the news nearly every day, how do you effectively manage your debt as the cost of borrowing for things like homes, cars, and credit cards rises? Here are five general questions to ask in order to minimize the hit to your wallet in the face of rising interest rates. What’s your current credit score and history? Knowing this information helps you understand
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Your Credit Score
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Staying on top of your credit has never been easier. Access your credit score, full credit report, credit monitoring, financial tips, and education – all for free! All of this is available to you within Online Banking – without impacting your credit score. Benefits: – Daily access to your credit score – Real-time credit monitoring alerts – Personalized credit report – Credit score simulator – Special credit offers – And more! To get started, log into Online Banking. Select the
Read More About Your Credit ScoreProtecting the Elderly from Becoming Scam Victims
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In the last two decades the over-65 population of the world has greatly increased, and so has the average life expectancy. In the same period there have been dramatic advances in technology as well as a surge in the number of technological devices in most homes. A January 2022 Pew Research study found that 75% of adults over 65 in the United States are using the internet regularly. This increased use of technology brings a heightened risk of fraud for
Read More About Protecting the Elderly from Becoming Scam VictimsWhy Your Credit Score Is Important
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Why is it important to have a good credit score? Simply put, lenders determine your credit worthiness by those three digits – making it more than a number. A good credit score will determine whether you get approved for loans and the rates you pay for these loans. Your credit score and your credit report are key aspects of your financial health. Credit scores have become such an integral part of our everyday lives. That’s why it’s so important for you to keep track and understand how your financial
Read More About Why Your Credit Score Is ImportantCoping with Inflation? Be Budget Aware.
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Inflation continues to put pressure on household budgets. From groceries to gas, record-breaking inflation means the purchasing power of your money is decreasing each month. Our partners at GreenPath Financial Wellness offer you the following steps to remain “budget aware” and to help navigate this period of high inflation, however long it lasts. Take inventory of your full financial picture. Has your household income changed? Have you adjusted your budget for rising groceries, transportation, or other expenses? Check your existing
Read More About Coping with Inflation? Be Budget Aware.2022 American Heart Association Heart Walk
by TNConnect
tnConnect is proud to support the Knoxville area American Heart Association’s Heart Walk. This year, the walk will be held on Saturday, September 24, at 8:30am at the Knoxville Zoo. Our members are encouraged to support the Heart Walk and defeat heart disease and stroke! Joining the Heart Walk is a great way to socially connect and get moving – all while making a great impact in our community and saving lives. When you participate, you’re helping: ♥ Save more babies
Read More About 2022 American Heart Association Heart WalkSaving for Retirement
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It’s never too early, or too late, to start saving for retirement. Whether you have already started saving or not, you may wonder what options are available to you. Two popular retirement savings vehicles are the traditional IRA and Roth IRA. It’s important to work with your financial advisor to understand which option is best for you and your circumstances, but, like most things related to investing and retirement, it’s always important to start your retirement program as early as
Read More About Saving for RetirementStudent Loan Scams – What You Need to Know
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Calls and texts from individuals claiming to have the ability to erase student loan debt are on the rise. The Department of Education estimates that 45 million people currently have student loan debt totaling more than $1.5 trillion, with deadlines continuously looming, one after the other, on the pandemic loan payment pause. The most recent deadline, which was set to expire in May, has been extended until August 31st, 2022. But with each deadline, the thought of resuming payments and
Read More About Student Loan Scams – What You Need to KnowCollege Planning
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While the price tag for a college education has edged down slightly during the pandemic, it’s important to plan ahead to determine how to fund – or partially fund – tuition, fees, room, board and everything else for four (or more) years of undergraduate studies. Colleges and universities typically report a combined tuition and fees total. The average price of tuition and fees for the 2021-2022 academic year in the United States came to: $10,740 at public colleges (for in-state
Read More About College PlanningGet Outside this Summer!
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Enjoy the great outdoors this summer with your new boat, motorcycle, RV or ATV! tnConnect offers a variety of low-interest loans to meet your financing needs and help you get outside. We can quickly finance up to 100% of the purchase price. Extended warranties are available. Speak to a loan officer today to get started, or apply online today.
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