What is an OFAC alert?

August 20th, 2019

What is the SDN list?  The Specially Designated Nationals (SDN) list is maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control.  The list contains names of individuals and companies that are controlled by or acting on behalf of targeted countries.  It also contains names of drug traffickers, arms dealers, and suspected […]

Credit Score Primer

July 31st, 2019

You’ve surely heard the terms “credit score,” “credit report,” and “credit bureaus,” but, like many Americans, you’re probably not exactly sure what they mean.  Every consumer deserves to know exactly how and why a credit score is calculated.  We’re going to break these concepts down so that you can feel confident in all your credit-related […]

Credit Score Myths

July 25th, 2019

Credit scores are important; they are a significant factor in determining loans, housing, and even employment.  Most consumers have many questions about their credit score.  For instance: what is a credit score?  Who determines your credit score?  How do you improve your score?   Myth: Credit repair companies work.  Reality: Credit repair companies that advertise a quick resolution for […]

What’s a secured credit card?

July 2nd, 2019

What is a secured credit card?  Have you heard about Amazon’s Credit Builder Card, which was launched earlier this month?  You may be wondering if this kind of card is the right choice for your financial situation.    A secured card is a type of credit card that is designed to help an individual with a low credit […]