Smart Strategies to Maintain a Healthy Housing Budget
Smart Strategies to Maintain a Healthy Housing Budget With rent and home prices at record highs across Michigan and the country, housing costs are consuming a larger share of household income than at any point in recent memory. If your housing budget feels tighter than it used to, you are not imagining it. Here is how to assess where you ...
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Dream of Homeownership? Prepare Your Finances 1st
Dream of Homeownership? Prepare Your Finances First. The dream of homeownership is one of the most significant financial decisions most people make in their lifetime. The gap between wanting to own a home and being financially ready to qualify for a mortgage can feel wide, but it is bridgeable with the right preparation. People Driven Credit Union has partnered with ...
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Buy Now, Pay Later: The Cost of Convenience
Buy Now, Pay Later: The Real Cost of Convenience Buy Now Pay Later services have grown from a niche payment option to a mainstream financial product remarkably fast. According to a report from the Consumer Financial Protection Bureau, the number of BNPL loans in the United States surged from 16.8 million to 180 million between 2019 and 2021. Services like ...
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GAP Insurance (Guaranteed Asset Protection)
Guaranteed Asset Protection Insurance: Protect Your Vehicle Investment When you finance a vehicle, your auto insurance covers the market value of the car if it is totaled or stolen. The problem is that vehicles depreciate fast, often faster than your loan balance decreases. If your car is declared a total loss in the first few years of ownership, your insurance ...
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Tips for Obtaining a Personal Loan with Bad Credit
A low credit score makes borrowing harder, but it does not make it impossible. People Driven Credit Union looks beyond a single number and considers your full financial picture when evaluating a loan application. Tips for Obtaining a Personal Loan with Bad Credit If you have bad credit and need a personal loan, here are nine practical steps to improve ...
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Boost Your Financial Health With a Personal Loan
Taking out a loan might seem counterintuitive when you are trying to boost your financial health. But a personal loan used strategically can genuinely strengthen your finances by reducing the cost of existing debt, covering urgent expenses without raiding retirement savings, funding improvements to your most valuable asset, and building your credit score in the process. People Driven Credit Union ...
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How to Use a Personal Loan for Debt Consolidation
How to Use a Personal Loan for Debt Consolidation Making minimum payments on high-interest credit card debt is an exhausting way to manage your finances. You are paying every month, but the balance barely moves because most of what you pay goes straight to interest. A personal loan for debt consolidation may offer a way out. By replacing multiple high-rate ...
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PDCU’s Own Julia Kaiser Wins SmCC “Helping Hands” Award
PDCU’s Julia Kaiser Wins Southeast Michigan Chamber of Commerce Helping Hands Award People Driven Credit Union is proud to announce that Julia Kaiser, Community Relationship Manager at PDCU, has been recognized with the Southeast Michigan Chamber of Commerce Helping Hands Award. The award recognizes individuals who go above and beyond to support their neighbors and strengthen their communities. Julia is ...
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New vs. Used Cars: Which Auto Loan is Right for You?
New vs. Used Cars: Which Auto Loan Is Right for You? The new versus used decision is one of the first and most consequential choices you make when buying a car. It affects your loan amount, your interest rate, your insurance cost, and how much value your vehicle holds over time. Neither option is universally better. The right answer depends ...
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Top 5 Tips for Getting the Best Auto Loan Rate
The interest rate on your auto loan has a bigger impact on the total cost of your vehicle than most buyers realize. On a $30,000 loan over 60 months, the difference between a 5% rate and an 8% rate is nearly $2,500 in additional interest. Getting the best rate available to you is worth the effort. Here are five practical ...
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