Financial Fundamentals Blog

Francesca Sacco

Recent Posts

Here's How Much a Low Credit Score Can Cost You

  • Francesca Sacco
Your credit score is often cited as one of your most important financial assets. But while financial experts love to discuss the risk of a low credit score, many consumers aren’t aware of the material costs that come with negative marks on their credit report. The costs of a low credit score can span many aspects of your...

4 Common Retirement Investments and the Differences Between Them

  • Francesca Sacco
You’ve heard many times about the importance of saving for retirement. But when it comes to actually taking steps toward retirement planning, you’ll need to find a place to put your money and let it grow over time. In other words, retirement saving should actually be investing — not just putting away money, but taking those...

What Are My Options for Paying Off Student Debt?

  • Francesca Sacco
If you’re one of the more than 43 million U.S. adults with federal student loan debt, you’re probably eager to get those loans paid off and take a giant leap closer to financial freedom. But for many buyers, the process of paying down those loans takes years and years. As your life changes over time, your ability — or...

7 17 Credit Union scholarship applications due by March 1, 2022

  • Francesca Sacco
As a community-minded financial institution, 7 17 Credit Union provides services and products that make a difference for our members and the communities we serve. Our products and services cover a broad range of needs, including checking, loans and scholarships to offset the cost of higher education or trade school. We’ve been...

Financial Action Plan for Lowering Your Credit Card Payments

  • Francesca Sacco
Faced with high credit card balances, costly interest charges and ever-increasing minimum payments? You’re not alone. According to one survey conducted in September 2021, 54% of Americans reported carrying a balance on their credit card — and if you’re not careful with this financial tool, it can quickly become a costly...

Important credit card safety tips to protect your personal information

  • Francesca Sacco
It’s important to be proactive and keep your credit card information safe year-round to avoid identity theft. While safeguarding your credit cards often comes down to common sense, fraudsters are always on the hunt for passwords and PINs. If fraudsters are successful in gaining your personal information, it can prove to be...

Home Financing: 5 Tips to Remember When Buying In a Competitive Market

  • Francesca Sacco
The housing market is on a hot stretch that has spanned the past several years, resulting in soaring home prices, increased market competition and more frustration for would-be homebuyers. When you’re constantly getting outbid on homes you want to purchase, it’s easy to get frustrated and feel like there’s nothing you can do to...

Beware of holiday credit pitfalls

  • Francesca Sacco
It’s easy to over spend during the holidays. The tantalizing sales and elaborate window sales make it easy to get caught up in holiday shopping. And while it may not seem important in the moment, over spending can have many implications on your finances. Instead of spending the new year trying to correct the damage, learn to...

How to get the most out of Black Friday

  • Francesca Sacco
Black Friday is one of the biggest shopping days of the year, and an ideal time to score deals on items on your shopping list. But this year, product shortages and longer delivery times are likely to create some hurdles. Shoppers may experience problems getting all the items on their list, especially if you wait to make your...

Should I Get My Car Loan Through a Credit Union or a Bank?

  • Francesca Sacco
If you’re planning on buying a vehicle soon, you’re likely going to be seeking financing for that purchase. Eighty-five percent of all new car purchases in the United States, and 53% of all used car purchases, rely on some amount of financing to close the deal. Financing can affect how much you end up paying for your vehicle...

Mortgage Options: What to Consider Before Applying

  • Francesca Sacco
Ready to hit the housing market and find your new home? The formal process starts with applying for a mortgage, getting prequalified, locking in a rate and hitting the market in search of a home that fits within your budget. Before you fill out that application, though, you’ll want to take care of some important housekeeping to...

7 17 Credit Union Scholarship Applications Now Available!

  • Francesca Sacco
As a community-minded financial institution, 7 17 Credit Union provides services and products that make a difference for our members and the communities we serve. Our products and services cover a broad range of needs, including checking, loans and for a lucky few, scholarships to offset the cost of higher education or trade...