Stanford FCU is a not-for-profit financial cooperative, meaning we’re here solely for the benefit of our member-owners—that means you! If you have a blog or like to write, you might find that freelance writing for others, at sites like , or hubpages , gives you that extra money, that you can put in savings, to rebuild your credit. Photo Credit: hammy222007 Disclaimer: All information on this article is intended as educational and is not offered as legal, psychological or any other specific advice. It’s also a good reminder for us not to abuse their credit cards, especially at this time of year!
Thanks for your comment Simone, After bankruptcy things have changed, and you really do have a new chance to rebuild both your credit and your life, however you nede to cultivate new habits like budgeting and prioritizing. Choosing a debit card with a Visa/MasterCard logo is another safety measure and ensures you bank with a credit union/bank that ensures your protection against fraudulent charges.
By direct depositing my paycheck into my account I get my funds a day earlier than if I were to wait for a paper check, which is just one of the perks of my credit union. Here in California I have only ever had good experiences banking with a credit union. To begin with credit union are not banks, so they treat you as a member and not merely as a customer. Everyone is welcome to attend credit union meetings and they actually take our input seriously when it comes to make policy changes. You charged $1000 on your credit card on March 15, and then did a cash advance on April 2 for $1000.
For example, with my credit union it was slightly annoying when they used to charge us twenty-five cents every time you made a debit purchase at a store. This is especially helpful because if you are out of town and cannot find at credit union ATM, you can always go to the grocery store and take out a small amount of cash with a small purchase. Also, I must say I have never had a problem with the credit union tracking my purchases because I feel I have nothing to hide, and on several occasions their tracking has helped me to rethink a couple of purchases I had regretted making. Your credit is one of the most important things you need to know the FACTS about.
In my early twenties I fell for one of those get paid to take online survey scams, and right away my credit union called me to make sure this was not a fraudulent purchase. Credit cards do the same kind of tracking as credit unions and banks, and I guarantee you for the most part this is just to ensure our safety. Yes we live in more of a high tech society, but people can find out pretty much anything they want about you and we cannot blame a bank or credit union for doing this. For the most part banks and credit unions are protecting their customers and that is why they track purchases and spending, which is something I am very grateful for.