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Moneyline Blog

  • Teens and Money, Part 2: Credit Cards and Teens

    Credit cards are not just for adults anymore – in fact, one third of all American teenagers are cardholders. However, because it is so easy to get into financial trouble with that little piece of plastic, it is very important to learn how to use it before ever uttering those first magic words: “charge it!”

    What is credit?
    When you pay for something with a credit card, you are borrowing money from the issuer (bank, ...

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  • Using Home Equity

    Using the equity in your home to pay off unsecured debt can be a financially pragmatic decision. Low annual percentage rates, tax-deductible interest (check with your tax preparer), and a single monthly payment can make second mortgages extremely attractive. The money you extract from your home can be used for home improvements, investments, and paying off high interest consumer debt.

    Second mortgages come in two basic forms: home equity loans and home equity lines of ...

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  • The Basics of Credit

    In its most basic sense, credit means having the use of something before you pay for it. This ability to borrow adds flexibility to planning and makes it possible to pay for expensive items over a period of time. There are many types of credit that you can choose from, and each has its own terms and purpose.

    Secured Credit

    With secured credit, an asset (called collateral) secures the loan. Because of this security, the ...

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