Uncategorized
Chelsea State Bank Teaches Bob: How to Build Credit
Bob needs to learn about how to build credit, and he’s not really sure what that means so he goes to talk to the experts....
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Credit Score, Home Equity
Can I Get a Home Equity Loan with Bad Credit?
You can, but it is difficult. That’s the short answer. Home equity loans and home equity line-of-credit loans or HELOC provide you with cash using the equity you have built up in your home. However,...
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Banking
Chelsea State Bank Teaches Bob: Mobile Banking Apps
As we continue our “What about Bob?” learning sessions, Bob’s next lesson is to get a better understanding about how to use Chelsea State Bank’s Mobile Banking App. For Bob, the whole process ...
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Home Equity
What Are the Benefits of a Home Equity Line of Credit?
As you build equity in your home, you start to see certain benefits, such as the possibility of opening a home equity line-of-credit (HELOC). This type of loan borrows against your equity to give you ...
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Banking
Chelsea State Bank Teaches Bob: How to Write a Check
Moving forward with lessons about writing a check is our next step in our “What about Bob?” learning sessions. For Bob, his lesson was two-fold: he learned the basics of how to write a check, and ...
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Home Equity
What’s the Difference: Home Equity Loan vs. Line of Credit
When looking at line-of-credit options and home equity loans, it’s important to understand that the main difference is the feature. A home equity loan is a single disbursement that requires a fixed ...
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Banking
Chelsea State Bank Teaches Bob: Debit Cards
“What about Bob?” The movie with Richard Dreyfus and Bill Murray was a box office hit. At Chelsea State Bank we have our own Bob. He needs some guidance, too. He understands that he can get money ...
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Debt
Setting a Plan: How to Get Out of Debt
Setting a Plan to Eliminate Debt Whether you’re starting a diet, exercise routine or a strategy to eliminate personal debt – the plan is the easy part. Following the plan, not so much. It takes co...
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Credit Score
Financial Health: How to Improve Your Credit Score
Stay on Top of Your Credit Scores – Look for Ways to Improve if Needed Your credit score dictates everything from credit card approval to mortgage interest rates. You can’t get away from your scor...
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