Common Trust Federal Credit Union, Author at Common Trust FCU

10 Tips to Make the Most of Holiday Shopping This Year

‘Tis the season to start thinking about holiday shopping (cue the carols!) But, like most things in 2020, the way you’ll go about checking everyone off your gift list is bound to be a bit different this year. Major retailers including Target and Walmart have already announced they’ll be closed on Thanksgiving Day—doing away with the traditional jumpstart to Black Friday shopping—and the coronavirus has led to delays and backlogs for some brands.

Still, there is plenty to be merry about. You can expect to save money thanks to more online discounts, Cyber Monday deals, and special holiday pricing in the months leading up to Christmas. Retailers have also come up with clever ways to streamline the shopping experience like expanded curbside pickup and same-day delivery. And it has never been a better time to support your local community by spending your holiday gift budget at independently owned shops or buying gift cards to your favorite neighborhood restaurants. Plus, there are plenty of ways to spread holiday cheer without it costing a lot, from DIY gifts to keepsake-worthy ornaments to homemade treats that are sure to be crowd-pleasers.

From money-saving tricks to out-of-the-box gift ideas, read on for more ways to help make this year’s holiday shopping stress-free, safe, and fun.

1. Make a Budget and Stick to It

One of the biggest stressors of holiday shopping is overspending, so be sure to create a budget before you hit the stores. First, figure out the total you can afford to spend on gifts. Then, make a list of the people you would like to give to and allocate portions of your budget toward each person. Apps like Christmas Gift List Tracker and Santa’s Bag do the math and organize purchases for you (though a pen and paperwork just fine, too!). If you’re planning to DIY gifts, be sure to factor the cost of materials into your budget.

2. Shop Small

Small Business Saturday, which encourages shoppers to spend within their communities the Saturday after Thanksgiving, hit a record high last year according to a survey from American Express and the National Federation of Small Business—a hopeful sign for independently owned shops who need holiday dollars more than ever this season. Spending at your local shops not only helps your neighborhood, but you are also bound to find unique, curated gifts for friends and family, too. Check out the Shop Small Map to find stores and restaurants in your area.

3. Make Use of Curbside Pickup

With coronavirus making social distancing essential, many retailers are offering curbside pickup for merchandise purchased via their website or app. Lots of shoppers have been taking advantage already (according to Adobe Analytics, purchases made online then picked up at a store have increased 62% from last year), and it’s one easy way to streamline your holiday shopping and avoid long lines.

4. Sign Up with Your Favorite Stores

Sure, promotional emails can clog up your inbox, but if you are a devotee of a particular store, they are worth signing up for as they often include discount codes and sale previews. Be sure to investigate loyalty programs, too. Most are free to join and offer benefits like exclusive sales for members, discounts on purchases, and rewards for dollars spent.

5. Support Companies That Give Back (or Make a Direct Donation)

Check people off your gift list—and do some good—by buying from companies that give a portion of their profits to important causes. For book lovers, check Out of Print, which supports literacy programs; Hand in Hand donates soap to children in developing countries for every bar sold while the toys and apparel at Box Lunch help get food to the hungry via Feed America. Another great way to make a difference: Choose a charity based on a friend or family member’s passions and make a donation in his or her name (one of our favorites for kids: the adorable stuffed animal and certificate that come with a symbolic species adoption benefitting the World Wildlife Fund).

6. Take Advantage of Free Shipping

December 14 is Free Shipping Day when hundreds of retailers provide free shipping on orders guaranteed to arrive by Christmas Eve. It is especially worth waiting for if you have your eye on gifts from online shops that usually add shipping costs. You’ll find a list of stores that participate in Free Shipping Day here.

7. Shop Early

Keeping your eyes open for holiday presents year-round not only prevents you from having to pay for all your gifts within a few weeks, but it also adds a thrill to the hunt through flea markets, vintage stores, and souvenir shops, all great sources for affordable gifts. Shopping early is a good idea for online purchases, too. You will be able to take advantage of sales events like Cyber Monday when gifts are discounted and will also ensure presents have plenty of time to arrive.

8. Update Your Apps

The secret to savings may be as easy as pulling out your phone thanks to apps designed to find discounts. ShopSavvy lets users scan the barcode of an item, then reports back on the best prices for it both online and locally. For holiday food shopping, Coupons.com organizes free digital coupons from your local grocery stores and lets you upload paper ones (for some stores, you can also upload your paper receipt and receive cashback to your PayPal account). Before you make a purchase, check Retail Me Not, which provides access to discount codes, coupons, and cashback offers for clothes, tech, restaurants, and more.

9. Start a Secret Santa Tradition

For big families or groups of friends, consider starting a Secret Santa tradition where each person picks another’s name at random and focuses on their gift only (instead of everyone buying for everybody). This way, you can put more thought, money, and time into finding them something they will truly love. Plus, it is fun to see the surprised looks when recipients try to guess who their mystery gift-giver is.

10. Expand Your Gift List

Whether it’s your mail carrier who’s delivered package after package, a teacher who’s done their best to adjust to the challenges of distance learning, or a neighbor who’s been extra helpful, think through the people in your community who have made a difference this year and, if you can, add them to your gift list to thank them. Handmade cardsbaked goods, or gift baskets, are all great ways to show your appreciation.

 

What Is Considered a Good Credit Score?

Highlights:

  • Credit scores are calculated using the information in your credit reports.
  • Credit scores generally range from 300 to 850.
  • Different lenders have different criteria when it comes to granting credit.

What is a Good Credit Score?


It’s an age-old question we receive, and to answer it requires that we start with the basics: What is a credit score, anyway?

Generally speaking, a credit score is a three-digit number ranging from 300 to 850. Credit scores are calculated using the information in your credit report, including your payment history; the amount of debt you have; and the length of your credit history.

There are many different scoring models, and some use other data in calculating credit scores. Credit scores are used by potential lenders and creditors, such as banks, credit card companies, or car dealerships, as one factor when deciding whether to offer you credit, like a loan or credit card. It’s one factor among many to help them determine how likely you are to pay back the money they lend.

It’s important to remember that everyone’s financial and credit situation is different, and there’s no “magic number” that may guarantee better loan rates and terms.

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good, and 800 and up are considered excellent. Higher credit scores mean you have demonstrated responsible credit behavior in the past, which may make potential lenders and creditors more confident when evaluating a request for credit.

Lenders generally see those with credit scores 670 and up as acceptable or lower-risk borrowers. Those with credit scores from 580 to 669 are generally seen as “subprime borrowers,” meaning they may find it more difficult to qualify for better loan terms. Those with lower scores – under 580 – generally fall into the “poor” credit range and may have difficulty getting credit or qualifying for better loan terms.

Different lenders have different criteria when it comes to granting credit, which may include information such as your income or other factors. That means the credit scores they accept may vary depending on that criteria.

Credit scores may differ between the three major credit bureaus (Equifax, Experian, and TransUnion) as not all creditors and lenders report to all three. Many creditors do report to all three, but you may have an account with a creditor that only reports to one, two, or none at all. In addition, there are many different scoring models available, and those scoring models may differ depending on the type of loan and lenders’ preference for certain criteria.

What Factors Impact Your Credit Score?

Here are some tried and true behaviors to keep top of mind as you begin to establish – or maintain – responsible credit behaviors:

  • Pay your bills on time, every time. This doesn’t just include credit cards – late or missed payments on other accounts, such as cell phones, may be reported to the credit bureaus, which may impact your credit scores. If you’re having trouble paying a bill, contact the lender immediately. Don’t skip payments, even if you’re disputing a bill.

 

  • Pay off your debts as quickly as you can.

 

  • Keep your credit card balance well below the limit. A higher balance compared to your credit limit may impact your credit score.

 

  • Apply for credit sparingly. Applying for multiple credit accounts within a short time period may impact your credit score.

 

  • Check your credit reports regularly. Request a free copy of your credit report and check it to make sure your personal information is correct and there is no inaccurate or incomplete account information. You’re entitled to a free copy of your credit reports every 12 months from each of the three nationwide credit bureaus by visiting www.annualcreditreport.com. By requesting a copy from one every four months, you can keep an eye on your reports year-round. Remember: checking your own credit report or credit score won’t affect your credit scores.


You can also create a myEquifax account to get six free Equifax credit reports each year. In addition, you can click “Get my free credit score” on your myEquifax dashboard to enroll in Equifax Core Credit™ for a free monthly Equifax credit report and a free monthly VantageScore® 3.0 credit score, based on Equifax data. A VantageScore is one of many types of credit scores.

If you find information you believe is inaccurate or incomplete, contact the lender or creditor. You can also file a dispute with the credit bureau that furnished the report. At Equifax, you can create a myEquifax account to file a dispute. Visit our dispute page to learn other ways you can submit a dispute.

Remembering Robert E. “Bob” Peary

It is with great sadness that we announce the passing of one of the founding members of Common Trust Federal Credit Union. Robert E. “Bob” Peary,  retired Chief of Woburn Fire Department, passed away on Friday, September 4th.  Bob played an integral role in founding Common Trust, and his contributions to both the credit union and our community will live long in our memories. Our thoughts and prayers are with his wife Myrtle, his children, and grandchildren.

Heading Back to School Amid COVID-19

Prepare Yourself with this Top 10 Checklist

Undoubtedly, the outbreak of COVID-19 has brought a cloud of uncertainty to higher education institutions regarding the 2020-2021 academic year.  While many colleges and universities have announced their plans to reopen campuses this fall, students need to prepare for the possibility of continued social distancing orders, which could once again force on-campus classes to transition to online learning.

As a result, back-to-school shopping may look a bit different this year.  Students will need to consider how to best prepare for the possibility of online learning, in addition to staying healthy while on campus.  To help students prepare their shopping lists, we developed a checklist of items to bring with you this fall in addition to your traditional back-to-school items.

 

10 Items for your back-to-school checklist 

  1. Face Coverings – The CDC recommends people wear cloth face coverings to “cover their nose and mouth in the community setting,” to protect the people around you in case you are infected but do not have symptoms.
  2. Multi-Port USB Charger- Spring 2020 taught us that classes can quickly be converted from in-person to online at the recommendation of governing bodies.  Make sure you are prepared for online learning by bringing a USB charger with multiple ports to keep your phone, tablet, laptop, etc. fully charged.

  3. Hand Sanitizer – Alcohol-based hand sanitizers can help prevent the spread of COVID-19.  Look for a brand that contains at least 60 percent alcohol.

  4. Noise-cancelling headphones – Invest in a good pair of headphones to drown out your roommate’s music or online class lectures.  If you find it hard to study while listening to music, try downloading white-noise tracks from Spotify.

  5. If you need to participate in a virtual class discussion, download a noise-cancelling app to reduce background noise caused by your roommate, pets, air conditioner, etc.

  6. Disinfecting Wipes – Use disinfecting wipes to easily sanitize surfaces, including your phone and computer.  Own a MacBook or iPhone, it  is ok to use a disinfectant wipe on the exterior surfaces of Apple products as long as you “avoid getting moisture in any opening, and don’t submerge your Apple product in any cleaning agents”.

  7. Webcam – your phone or computer may already have a webcam, but if you are not satisfied with the quality or looking to upgrade for virtual class sessions, consider adding an external web camera to the mix.

  8. Blue Light Blocking Glasses – Staring at digital screens like your computer, phone, tablet, and even TV may cause eye fatigue or other macular issues from the blue light emitted.  Blue light blocking lenses are available for glasses of all types, from prescription to non-RX.

  9. Electronic notepad and stylus – Using a digital notepad makes sharing your handwritten work on a math equation a breeze.

  10. Adjustable laptop stand – Whether you use your laptop from your bed, couch, or desk, investing in an adjustable laptop stand can help support your wrists and improve your posture while studying or working on an assignment.  Look for a stand that can be raised upwards to turn your workstation into a standing desk.

 

Finally, it is important to help prevent the spread of COVID-19 these three simple reminders will help in the battle against the spread of the virus:

 

  • Stay at home if you are sick – this rule applies to classes, clubs on campus and social gatherings
  • Regularly clean and disinfect surfaces – make it a habit to sanitize your doorknobs, steering wheel, phone, keyboard, light switches, remote controls, and other objects your regularly touch.
  • Wash your hands often – Wash hands with soap and water for at least 20 seconds after using the restroom, preparing food, after contact with animals or pets, and especially after blowing your nose, coughing, or sneezing.

10 Summer Safety Tips for Kids

Summer is a favorite time of year for many children – and for good reason. The long days of summer provide a much-anticipated break from school and are often filled with swimming, cookouts, travel, and outdoor fun. But summer can also carry danger for children. Drowning incidents increase during the summer months, and the hot sun puts kids at risk of sunburn, dehydration, and heat-related illness.

Whether your kids are enjoying summer at home, on the road, or at camp, address these safety topics with your family to keep them healthy and happy.

 

Summer Safety for Kids

 

1. Keep watch to prevent drowning.

Summer water safety should be top of mind for parents, regardless if you have a pool in your backyard or visit a community pool. It only takes seconds for drowning to happen. Actively supervise children, at all times, when in or around water, and make sure you have the right equipment to keep pools safe. 

 

2. Look for signs of heat exhaustion.

Cases of heat stroke spike during the summer months and this can be life-threatening in children. Prior to heatstroke, kids often show milder symptoms such as heat cramps and heat exhaustion. Make sure children take water breaks and wear lightweight clothing when playing outside. 

 

3. Check for car safety.

Make sure your child’s car seat is properly fitted before hitting the road for a family vacation. Never leave a child unattended in a car. The temperature inside a car can rise quickly, and just a few minutes can be the difference between life and death. Establish a routine to check the car prior to locking.

 

4. Protect skin from the sun.

Apply sunscreen with SPF 30 or higher whenever your child is going to be outdoors. Reapply every three hours or immediately after your child has been in or splashed by water. Try to avoid outdoor activities during peak sunshine hours, and consider dressing children in sun-protective clothing.

 

5. Avoid bug bites.

As the weather warms up, bugs come out in full force. To avoid bug bites, apply insect repellant before spending time outdoors, avoid using heavily scented soaps or lotions, and cover arms and legs as much as possible. 

 

6. Enjoy fireworks safely.

More than 10,000 people are treated in emergency departments in the U.S. each year due to injury from fireworks, and of these, nearly a third are children under 15. If you are celebrating summer holidays with a bang, keep kids safe. Read instructions carefully, and never let young children touch or light fireworks. 

 

7. Drink enough water.

Kids are more prone to dehydration than adults, and their risk increases as temperatures rise. The amount of water a child should drink varies by age, weight, and activity level. However, a general rule is to take half of your child’s weight (up to 100 pounds) – and that’s the number of ounces of water they should drink every day. 

 

8. Don’t monkey around.

Playground-related injuries account for more than 200,000 ER visits each year. Always supervise children on playgrounds and choose the right play equipment for your child’s age and skills. In the summer sun, it is also a good idea to touch equipment to check for hot surfaces before playing on it.

 

9. Wear a life jacket on boats.

If you are heading to the lake to cool off this summer, make sure to bring a U.S. Coast Guard-approved personal flotation device. A properly fitted life jacket is snug, yet comfortable, and will not move above the chin or ears when you lift it at the shoulders.

 

10. Ride bikes the smart way.

Apart from automobiles, bicycles are related to more childhood injuries than any other consumer product. Wearing a helmet is the first rule to preventing serious bicycle injuries in kids. Make sure bikes and helmets fit kids properly and follow smart rider rules. 

New Computer, No Problem: 3 Unexpected Benefits of Using a Computer Loan

So, you’re looking for a new computer. Maybe your old one crashed unexpectedly or you just want the latest upgrade. Either way, a low-interest and long-term computer loan is the right path to keep your finances in check while allowing you to purchase all computer-related essentials. Plus, there are a few unexpected benefits of using a computer loan to fund the purchase. 

More time to pay for your dream computer. 

The biggest benefit of using a computer loan to purchase your dream desktop or laptop is that there’s no need to have all the cash up front. After you sign the paperwork, you’ll have anywhere from several months to a couple of years for repayment. This breaks down what would have been a hefty splurge into bite-sized chunks that can be paid off monthly. 

Never think of a loan as a way to get free money on the spot. Always make sure that you’ll be able to make on-time payments when the time comes. While buying a little time is great to minimize the financial impact a purchase will have initially, it’s in your best financial interest to only make carefully-planned purchases that you’ll eventually be able to make payments on. Taking out a loan or applying for a credit card is a great way to strategically borrow and pay back the money when you need it most, but can be devastating to your financial health if used frivolously or irresponsibly.

Flexible terms to match your budget. 

The best part about searching for a computer loan to fund your purchase is that there are so many options to fit your specific financial needs. The loan search is completely under your control, and you can work with a loan officer to really nail down which options are best for you. From low-interest rates to highly flexible terms, your dream loan is only a click away. 

As with any loan, be sure to allow plenty of time to assess all local and digital loan lenders in order to make sure you have enough information to make a final decision. If you have time to spare, you can also inquire about limited-time promotions and special offers for members in order to further lessen the financial impact. Taking out a computer loan is a big decision, but it should never ruin you financially. Even if your local credit union doesn’t offer a suitable loan, there are thousands of lenders worldwide for every budget.

A boost to your credit score.

Once you’ve been approved and start making payments, each on-time loan payment has a positive impact on your credit score. If you continue to make on-time payments over the full course of the loan, you’ll likely see a huge improvement in your overall score. Lenders take notice in a streak of on-time payments, and you’ll be even more likely to be approved for any future credit cards or loan accounts.

To limit the number of unnecessary hard inquiries, always be on the lookout for pre-qualified loan offers. When you’re pre-qualified, that means that your score fits within the limit of what a specific bank or credit union will lend to and that you’ll likely be approved. Only seek out loans and lenders within your credit limit and ask plenty of questions to prevent declined applications that will ultimately cause your credit to dip.

Looking for an affordable way to buy the computer of your dreams? With rates as low as 6.99%* and a loan limit of $3,000, our computer loan is the perfect option to revamp your workspace with cutting-edge technology. To learn more about your options or ask any questions, give us a ring or reach out via email today!

Common Trust Federal Credit Union announces the recipients of our 2020 Scholarships!!

Every year Common Trust Federal Credit Union awards two graduating seniors a $1,000 scholarship, this year we are thrilled to announce the recipients are Katelyn Autenzzio and Kailey Scalesse!!!

Katelyn is a 2020 graduate of Woburn Memorial High School where she served as the VP of the Key Club, was a member of the National Honor Society and received multiple academic awards while attending high school. Katelyn also started her own nonprofit called Winnie’s Slime which has allowed her to donate over $1,000 to some great causes including Racing for Orphans with Down Syndrome. Katelyn will be attending Regis College in the fall and will be studying Nursing!


Kailey is also a 2020 graduate of Woburn Memorial High School where she served as Co-President of the Student Council, was a member of the National Honor Society along with being the class representative for Best Buddies and also was the recipient of multiple academic awards during her years at Woburn High School. Kailey will be attending Umass in the fall where she will be studying Education and Sociology as she looks to fulfill her dream of becoming an elementary school teacher!


Common Trust Federal Credit Union congratulates Katelyn Autenzzio and Kailey Scalesse and all the 2020 Graduates!!

Your Guide to Managing Finances During COVID-19

Special COVID-19 Message: a COVID-19 relief loan is just one of many ways we can help reorganize your finances during these difficult times. If you’re experiencing financial hardship and are looking for some guidance and support, don’t hesitate: give us a call or send us a message. Together, we’ll make a plan to get you through this.

 

Getting your financial house in order is something that every person should strive for. From credit scores, savings accounts, and open lines of credit, it’s a full-time job to keep track of all accounts and payments. Especially during this tumultuous time of uncertainty, finding your financial groove is more important than ever before. Thankfully, there are a few huge steps you can take to minimize the impact that COVID-19 has on your financial situation, even if you’ve found yourself experiencing a loss of income.



Avoid Unnecessary Debt

While social distancing prevents you from going to your favorite mall or outlet, avoiding debt is still an everyday struggle. During this time, always ask yourself: is this something I really need? Filling up your cart on Amazon is a great way to pass the time, but may leave you up to your chin in unnecessary debt (and purchases). Unless absolutely necessary, limit random splurges and frivolous spending to avoid racking up debt that will negatively impact you post-COVID-19.

 

Build a Budget

To really take a step in the right direction, generate some sort of weekly and monthly budget to follow. This should include necessities like bills, groceries, gas, and other important payments. Balance your spending with your total income and adjust spending habits accordingly. Try to limit dangerous spending habits and keep random splurging to a minimum. If you’re currently experiencing a loss of work or income, you may need to adjust your spending even further in order to accommodate for a reduced paycheck. 

 

Start Saving More

With limited access to shopping centers, it’s a great time to start saving all the money you would have normally spent on fun gadgets and clothes. If you don’t currently have a savings account, open one today. When creating your weekly and monthly budget, include a certain percentage of your income to be automatically placed into your savings account. Over time, the account will grow into a fairly large safety net that you can use however you please.

 

Consider a CD

If you have a decent savings already, consider opening a Share Certificate Account (CD). They are deposited for a fixed period of time and yield higher interest rates. You can open a Share Certificate with as little as $500. Investment terms range from 6 months to 3 years. 

 

Transfer Your Credit Balance

If you have a few lines of credit open at this time, a credit balance transfer can help consolidate multiple accounts into one. This makes managing payments easier and diminishes the risk of unwanted interest accumulation. Especially if you’re cutting down on costs, you’ll want to start reducing any unnecessary interest payments tacked onto your principal balance. 

You’ll start by filling out a card application. Simply call your local credit union, fill out an application, and start reaping the benefits of a lower-interest credit card and comparably lower card payments. It’s that easy!

Apply for a payment extension

If your household income has taken a hit, applying for a payment extension gives you a little bit more time to get back on your feet. Especially with multiple loan accounts or lines of credit, missing payments and accumulating fines is the worst thing to do. Give your local bank or credit union a call to see what they can offer in terms of payment extensions or deferments based on your financial situation.

 

Use a Debt Relief Loan

If you’ve recently found yourself out of work, waiting for your unemployment compensation check to arrive in the mail may not be in your best financial interest. With a COVID-19 Emergency Relief Loan, you can get the funds you need for necessities way ahead of schedule. Better yet, emergency relief loans will often allow you a few weeks or even months to get back on your feet before payments start coming in. Overall, they’re a low-interest and high-yield option for those in need of a little extra funding.

In need of some extra cash while getting your finances in order? With rates as low as 6.99%* and no payments for the first 90 days, financial relief has never been more accessible than with our COVID-19 emergency relief loan. To learn more about your options or ask any questions, give us a ring or reach out via email today!

 

Experiencing financial hardship? Let’s talk.

Right now is a tremendously tricky time. Above all else, we want to help you and your family stay financially stable. If you’re experiencing financial hardship, don’t hesitate: give us a call or send us a message. Together, we’ll make a plan to get you through this difficult time. 

 

Your Ultimate Guide to COVID-19 Emergency Relief Loans

Special COVID-19 Message: a COVID-19 relief loan is just one of many ways we can help reorganize your finances during these difficult times. If you’re experiencing financial hardship and are looking for some guidance and support, don’t hesitate: give us a call or send us a message. Together, we’ll make a plan to get you through this.

 

As we continue to practice social distancing in the wake of COVID-19, many businesses are finding it hard to keep employees paid and well-compensated. Many individuals are even finding themselves out of work and unemployed. If you’ve recently found yourself experiencing a loss of work, you may be racking your brain for financial solutions that won’t break the bank and help you stay afloat while you file for unemployment and get your budgeting in check. If you need expedited financial assistance during this time, a COVID-19 emergency relief loan is a low-interest solution that won’t put your future finances in jeopardy.

 

What’s a COVID-19 Emergency Relief Loan?

Just like your typical home equity or auto loan, a COVID-19 emergency relief loan is designed to give you the funds you need as soon as possible. Depending on creditworthiness, you can take out a loan of hundreds or even thousands of dollars. This money can be used to buy necessities like groceries and pay off bills or other costs. If your lender offers delayed payments, you may be set for a few months without having to start paying the loan back. Then, when those few months are up, you will be responsible for making monthly fixed payments with added interest until the loan term is up or until you pay off the loan. 

 

What would I use it for?

If you’ve found yourself experiencing a loss of work during this increasingly uncertain time, a COVID-19 emergency relief loan is the perfect solution for you. After you’ve filed for unemployment, the long wait until your first compensation check arrives in the mail can be exhausting. 

Don’t let such a common occurrence keep your family from living a full and happy life. A COVID-19 relief loan is designed to give you the money you need for essentials like groceries, bills, and other expenses while your unemployment check is in transit. Plus, with a low-interest rate, delayed payments, and an ample repayment period, you can rest easy knowing that this loan won’t break the bank.

 

How do I get the best rate?

As with any loan, finding the best rate for a COVID-19 emergency relief loan is an easy task if you know what you’re looking for. Depending on your needs, finding a decent loan term is your best bet to reduce your monthly payment while ensuring enough time to get your finances together to fund future payments. Your top priority should be finding a loan option that delays payments. Some lenders may offer no payments for the first few months while you get back on your feet. Ultimately, to limit the amount of interest you pay on your principal loan amount, look for a low-interest rate that won’t break the bank. 

While all these pointers are a great way to make sure you’re in good hands, always remember to ask questions before signing any paperwork with your lender of choice. This is a big decision—no question is too small. Whether about repayment options, loan flexibility, or creditworthiness, ask as many questions as you need to verify that this is the right loan choice for you. 

 

How can I get started?

Tired of late nights tracking your unemployment check? With rates as low as 6.99%* and no payments for the first 90 days, paying for necessities has never been easier than with our COVID-19 emergency relief loan. To learn a little more about repayment options and interest rates, give us a ring or reach out via email today!

 

Experiencing financial hardship? Let’s talk.

Right now is a tremendously tricky time. Above all else, we want to help you and your family stay financially stable. If you’re experiencing financial hardship, don’t hesitate: give us a call or send us a message. Together, we’ll make a plan to get you through this difficult time. 

 

Questions about EVERFI’s Family Portal? We have answers!

Who can use these digital lessons?

The Family Portal includes all EVERFI courses available for K-12 students. Though EVERFI’s resources are typically leveraged in a classroom setting, EVERFI and our partners are committed to ensuring that K-12 students also have access to these resources at home for a limited time during this period of widespread school closures.

Can I share this resource with friends and family outside my organization?

Yes. As an EVERFI customer, you are welcome to share this resource with employees and the general public. Social media templates are included below

Will students in my sponsored schools still see my company logo?

Parents are instructed to select their child’s school when they register, which allows us to provide a branded course experience for the students in any school you sponsor. We hope the Family Portal serves as an additional opportunity for you to connect with a parent audience and showcase your commitment to local schools. Thank you for helping us make this possible.

Will students see multiple sponsors on their course dashboard?

Yes. Students will see a different sponsor for each course that is available to them. For example, a bank sponsor on their Financial Education course, and a pharmacy sponsor on their Mental Wellness course, and a sports league sponsor on their STEM course.

Does the Family Portal impact my organization’s student data?

Yes. All student enrollments for the 2019-2020 academic year will be included in your student impact data, including your annual Impact Report.

Does the Family Portal replace traditional school activation via teachers?

No. EVERFI’s K-12 Implementation team is still actively working with schools to implement our courses through teachers. The Family Portal is meant to serve as an additional way to access EVERFI’s courses during this unprecedented time of widespread school closures.

Your library of 20+ courses is a lot. Where should I start?

We encourage you to promote the course you sponsor. In addition, during this time of uncertainty, we suggest courses that support social and emotional well-being. For elementary school students, we have the Compassion Project. For middle and high school students, we recommend Mental Wellness Basics.

Who can help me get started? I can’t find a specific school and am having difficulty accessing the lessons.

Please visit support.everfi.com or email [email protected] to submit a help request. The EVERFI team will respond to these requests as quickly as possible.

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