Credit Smart Moves for the New Year

January 16, 2019 BY AFFCU in
By Tracy Scott Did you know your credit history has a significant impact on your financial health? A good credit history can save money in the short-term by keeping the cost of borrowing down. Over the long-term, it can help you put money that would have been otherwise spent on high-interest rates toward other financial goals such as your retirement or a second honeymoon. Since good credit can result in [...]   Read More >

MY AFFCU REWARDS Pays Out Nearly $70,000 In Its Inaugural Year

Atlantic Financial Federal Credit Union issued the first payout of its MY AFFCU REWARDS program, which was introduced in 2018. The rewards program returned nearly $70,000 to qualifying members as a cash back bonus. MY AFFCU REWARDS is the Credit Union’s way of rewarding members for their active and engaged relationship with the Credit Union. Members regular use of AFFCU services is what makes the Credit Union successful. This is [...]   Read More >

What Bad Credit Really Means

December 20, 2018 BY AFFCU in
By Tracy Scott Financial goals of early retirement, extended cruise vacations, or simply paying for your child’s college education can be just out of reach when you have bad credit. Funds that would otherwise be used to pay for what matters most are eaten up by high-interest rates that feel like punishment for prior credit slip-ups. Worst case, credit denials prevent you from purchasing a home, driving a new car [...]   Read More >

Why Good Credit Matters

December 17, 2018 BY AFFCU in
By Tracy Scott Good credit matters. At least that’s what you’ve always heard. Whether you’re new to credit or think you already have a decent credit score, it’s important to understand why good credit matters. But, what do people mean when they say “good credit”? When applied to an algorithmic formula, your prior use of credit (aka credit history report) is used to generate a credit score which is a [...]   Read More >

AFFCU Donates to the Helping Up Mission

November 26, 2018 BY AFFCU in
AFFCU Employees Assemble And Donate Hygiene Kits To Helping Up Mission Atlantic Financial Federal Credit Union employees used their recent annual training day to put together 150 personal hygiene kits. The kits were donated to the Helping Up Mission Baltimore. Each kit contained essential hygiene items including: shampoo, soap, toothbrush, toothpaste, shaving cream and razor, deodorant, and more. Helping Up Mission provides hope to people experiencing homelessness, poverty or addiction [...]   Read More >
what kind of credit score do you need to buy a car

What Kind of Credit Score Do You Need to Buy a Car?

November 20, 2018 BY AFFCU in
Many people use car loans to buy new vehicles. Obtaining a car loan requires meeting the lender’s qualifications for you. These vary from one lender to the next, but most use credit scores to help them determine your risk level. Individuals who have a low credit score will pay more to borrow money to purchase a car. Those with a good credit score secure a lower rate and pay less. [...]   Read More >
Online Holiday Shopping

Online Shopping Safety Tips: Nix Cybercriminal’s Naughty Plans This Holiday Season

November 20, 2018 BY AFFCU in
By Tracy Scott It’s hard to believe the holiday season is once again upon us. The good news is that this year you’re prepared. Your list is complete. You’ve checked it twice. Now, you're ready to complete your online holiday shopping for everyone who's been nice. Unfortunately, this is not only one of the busiest times of the year for retailers, but it's also one of the most lucrative for [...]   Read More >

How Do Car Loans Work?

October 25, 2018 BY AFFCU in
You’re ready to buy a new car. You’ve worked hard to get a down payment together. Your credit score is as high as you can get it. Now what? You may be tempted to head straight to the dealership to pick out a car. But, before you do that, it’s important to have a solid understanding of how car loans work. Understanding How Car Loans Work Car loans are available [...]   Read More >
weighing the pros and cons of refinancing a car

What Are The Pros and Cons Of Refinancing Your Car?

October 2, 2018 BY AFFCU in
A car refinance is a big decision. For some people, it opens the door to new opportunities – paying a lower monthly payment or reducing the interest rate on the car overall. For others, it could provide a way to consolidate some debt. However, before you decide to refinance your vehicle, consider both the pros and cons of doing so. There are some drawbacks of a car refinance in some [...]   Read More >
best time to refinance your car

When Is The Best Time To Refinance A Car?

September 27, 2018 BY AFFCU in
Investing in a car loan provides an opportunity to obtain new loan terms for your vehicle. Many times, it can open the door for potential savings, or it can help you reduce how much you have to pay towards your debt. Factors Affecting When Is The Best Time To Refinance A Car In every situation, a car refinance should be a thoughtful decision based on numerous factors including your goals, [...]   Read More >

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