Pros & Cons of Opening a Credit Card in College

Posted

Tuition, financial aid, and campus meal plans usually top the list of college-related financial concerns, but when it comes to day-to-day finances, parents and students face another question: Should a student open a credit card while they’re in college? Some financial experts recommend it; others discourage it. The answer depends on who you ask. If… Read more »

Pros and Cons of a Gap Year Before College

Posted

Some people get an education without going to college. The rest get it after they get out. – Mark Twain While high school graduates have been taking them since the 1960s, gap years have enjoyed growing popularity over the last few years. When Malia Obama opted to take a year off before attending Harvard in… Read more »

Don’t Let Skimmers Steal Your Summer Fun

Posted

During a routine maintenance check, a service technician recently found credit card skimmers on five out of eight gas pumps at a Greenville, SC convenience store. While skimmers have been around for more than a decade and countless warnings have been issued, stories like this still manage to catch us by surprise. Now that school’s… Read more »

Keys to avoiding home rental scams

Posted

by Colleen Tressler Consumer Education Specialist, FTC Need more space than an apartment, condo or townhouse can offer, but not ready to buy? A single-family home rental may fit the bill. But not all home rental listings are legit, so here are some tip-offs and tools to help you avoid a rental scam. Read more… Read more »

Credit Cards vs. Debit Cards: Which Should You Use?

Posted

In an increasingly cashless society where electronic transactions have become the norm, debit cards and credit cards have quickly become the payment methods of choice. And while they look almost identical, it’s important to understand the fundamental difference between the two: Debit cards give cardholders access to the money they’ve deposited in an account at… Read more »

6 Debt Payoff Apps to Help You Take Control of Your Finances

Posted

Smartphones can be used for more than just texting friends, sending email, snapping selfies, and scrolling through social media. While those might be the most common uses for our pocket-sized technological devices, there are more than 2 million mobile apps available today, which means our phones are capable of much more. Believe it or not,… Read more »

2019 Annual Meeting Recap

Posted

SC Telco Federal Credit Union recently held its annual meeting, an event where the Board of Directors, the credit union leadership, and members get together to review the progress we made the previous year and set the direction for years to come. All members are a vital part of our organization, and we deeply value… Read more »

Get a one-ring call? Don’t call back.

Posted

by Michael Atleson Acting Assistant Director, Division of Consumer & Business Education A while back, we warned you about the “one ring” scam. That’s when you get a phone call from a number you don’t know, and the call stops after just one ring. The scammer is hoping you’ll call back, because it’s really an… Read more »