Entries from July 2013

Prepaid Cards: They May Not Be The Best Deal For Consumers

Date July 30, 2013

Many consumers who are unable to, or choose not to, open a traditional bank or credit union account and credit card turn to prepaid cards. What is a prepaid card?  Unlike a credit or debit card, a prepaid card is not linked to a bank/credit union account and is not a line of credit. The […]

Understanding Reverse Mortgages

Date July 26, 2013

What Is a Reverse Mortgage? A reverse mortgage allows you to borrow against the equity you’ve established in your home. To be eligible, you must be age 62 or older and own your home free and clear, or have a remaining mortgage balance that can be paid off by the reverse mortgage. You’ll want to […]

What You Need to Know about 0% Financing and Buying a New or Used Car

Date July 10, 2013

With the price of an average new car well over $25,000, buying a vehicle is, indeed, a big decision these days. Fortunately, there are ways to keep your costs down. Buy used instead of new. This could save you thousands of dollars right off the bat. Yes, you’ll want to have the vehicle carefully inspected. […]

The Heat is On: Energy Loans for Home Improvements

Date July 2, 2013

Summer is indeed here, at least in Southern California! It’s hot and it most likely won’t let up for a while. When it’s this hot, we use our A/C more and dread getting our DWP or Edison bills. What if you could save energy, and money? With MCCU’s Energy Loans, you can! You can get […]