Latest Blog Posts

Top Five Student Debt Myths: Busted!

Posted by Lone Star CU on 04/25/2018

According to recent statistics regarding student debt in our country, Americans owe over $1.4 trillion in student loan debt, which is spread out among nearly 44 million borrowers. Furthermore, the average amount of student loan debt for a graduate of the Class of 2016 was approximately $37,172, up six percent from the previous year. (Sources via: WSJ, and federalreserve.org)

Student loan debt isn’t the only major issue surrounding students and young adults; young Americans (age 25-34) have the second highest rate of bankruptcy after Americans 35-44, and nearly 1 in 5 Americans ages 18-24 qualify themselves as being in “debt hardship.” These findings suggest that the younger you are, the tougher your financial situation seems to be.

Given these statistics, it’s no wonder that there is so much information floating around about debt. Unfortunately, not all of it is true. So, let’s take a look at a few of the important facts and myths: 

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Topics: Managing Your Money

How to Stay Safe When Shopping for Holiday Gifts Online

Posted by Lone Star CU on 11/30/2016

Want to avoid long lines and large crowds this holiday season? Shopping online lets you zip through your list with just a few clicks. Before whipping out your plastic, however, you'll want to make sure you're shopping on a secure site. Use these tips to keep your data safe.

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Topics: Managing Your Money, Fraud Protection

How to Protect Your Money and Accounts Online

Posted by Lone Star CU on 10/04/2016
Being able to bank or shop online is a great convenience, but you want to be sure you're protecting yourself before you hit “send.” If the wrong people access your accounts, you might find yourself with a lot less money than you thought. Here are six steps you can take to help make sure that doesn't happen.
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Topics: Managing Your Money, Fraud Protection

Choosing a Credit Counselor

Posted by Lone Star CU on 08/31/2016

Living paycheck to paycheck?  Worried about debt collectors?  Can't seem to develop a workable budget let alone save money for retirement?  If this sounds familiar, you may want to consider the services of a credit counselor. 

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Topics: Managing Your Money, Fraud Protection

The Cost of Cars – Borrow Smart

Posted by Lone Star CU on 07/11/2016

When you buy or lease a car, you pick the make, model and color.  How much you put down and how long you take to pay off the car have a big influence on what the car actually costs.  Let’s clarify a few terms first:

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Topics: Making a Big Purchase, Managing Your Money

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