June 05, 2023 New Medical Debt Rules Could Give Your Credit Score a Boost By United Community Mortgage Services If you’re carrying less than $500 in medical debt, it’ll no longer impact your mortgage credit score. That change officially went into place in April 2023, about a year after the Consumer Financial Protection Bureau published a lengthy report questioning the role of medical debt on credit reports. Continue reading to find out more.
May 30, 2023 Home Renovations that Spark Joy By United Community Mortgage Services Pulling the trigger on a big house project is a tough decision—it can be expensive, not to mention inconvenient. But the results of a new study show most of those projects do pay off, both in resale value and homeowner joy.
May 17, 2023 5 Ways to Prepare for a Baby Financially By If you’re growing your family, congratulations are in order. You’re embarking on an exciting adventure. Taking some time to plan for the financial realities can go a long way toward putting your money where it will matter most in this new stage of life.
May 15, 2023 Debt Paydown: What’s the Plan? By The amount of credit card debt consumers owe rose 13% this year, according to The Federal Reserve Bank of New York. Auto loans and mortgages also trended up. Even still, many have found ways to pay down their debt while making ends meet. Use these tips and tools to create your own debt paydown plan.
May 02, 2023 Maximizing Your FDIC Insurance Coverage By You may be wondering, especially with recent headlines, if your money is covered—and what would really happen if your bank were to fail. As a customer of United Community Bank, no matter what happens, your deposits are covered by the FDIC up to the maximum allowed by law.
April 27, 2023 Talking to Kids about Money By How soon is too soon to talk to your kids or grandkids about money? If they’re old enough to ask for a toy or a bike, they’re old enough to start learning financial lessons that will last a lifetime.