DoverPhila Federal Credit Union is partnering with Dover Public Library and Tuscarawas County Public Library System to present a series of financial education programs. On Saturday, September 26th at 2:30pm, the credit union’s Finances 101 program will be available in the Dover Public Library’s parking lot. Finances 101 is a financial education program geared
Payment apps allow users to send payments to almost anyone, making it easy to split the tab at a shared meal, buy a present for a mutual friend, and quickly pay back a small loan. Unfortunately, though, scammers are using these apps to cheat people out of their money. Here’s all you need to know
Each year, the IRS publishes the “Dirty Dozen,” a list of tax scams most prevalent during that year’s tax season. This year, with COVID-19 pushing off the federal tax deadline to July 15, the IRS held off publishing the list until early July, and of course, it’s loaded with COVID-19-related scams. Whether you’ve filed for
This year, back-to-school season is all about getting ready for a school year that promises to be unlike any other. Here’s our guide to helping your child prepare for the new school year in these unconventional times. Talk to your child about what to expectThe more your child knows about the dynamics of the upcoming
Using credit cards responsibly is a great way to boost credit score and financial wellness. Unfortunately, though, credit-card issuers make it challenging to stay ahead of monthly payments and easy to fall into debt with credit-card purchases. No worries, though; DoverPhila Federal Credit Union is here to help! Here is what you need to know
Using emergency funds to survive prolonged unemployment, an unexpected large expense, or a medical emergency is the best way to make it through financial hardship. If your savings are depleted, though, it’s best to start rebuilding as soon as possible. Here’s how: SET A GOAL Before getting started on saving up money, establish a tangible
Most would agree – home ownership is part of the American Dream. According to Bankrate, a recent “Consumer Mortgage Understanding Study” conducted by Fannie Mae showed that 91% of more than 3,600 respondents prefer owning a home to renting, but are still largely unaware when it comes to home-buying basics. Securing a mortgage is often
It’s normal to feel hesitant about going through with what may be the biggest purchase of your life. To help put you at ease, we’ve compiled a list of questions to ask yourself before buying a new home. Can I afford to buy a house?Before viewing properties, remember that purchasing a home costs more than
Getting rid of debt isn’t easy, but if you’re ready to do what it takes, you can shake off any amount of debt. Let’s take a look at two popular approaches for paying down debt and explore the pros and cons of each. The debt snowball methodThis approach involves focusing on paying off the smallest
Your credit score is an indicator of your financial wellness and responsibility. We have outlined how credit scores are calculated, why it matters, and steps to take to improve your score. How is my credit score calculated?The three major credit bureaus in the U.S. collect and share information on a person’s credit usage with potential
If you’re looking to fund a home improvement project, or the economic devastation of COVID-19 has left you in need of cash, consider tapping into your home’s equity with a home equity line of credit, or a HELOC. WHAT IS A HELOC?A HELOC is a revolving credit line allowing homeowners to borrow money against the
Fake Grant ScamsScammers are hacking into people’s Facebook accounts and are messaging their friends and family claiming they are eligible for free grants. The message may come from a newly-acquired friend, a family member, or even a long-time friend, and details information on free grant money from the government. The message may reference others, specifically those already
Astronomical medical bills can be devastating to any budget. Here’s how to dispute and pay for large medical bills in five easy steps. Step 1: Review your bills.Typically, you’ll receive an Explanation of Benefits (EOB) from your insurance company in addition to the actual bill telling you how much you’re responsible for paying. It’s important
With unemployment skyrocketing due to the pandemic, scammers are trolling for your personal information to steal your benefits and identity. Learn how to spot them and how to stay safe! UNEMPLOYMENT SCAMSScammers file unemployment claims in someone else’s name to collect benefits, or they claim to be employed at businesses where they have never held
The COVID-19 crisis has caused income loss, uncertainties, and an increase in fraudulent attacks throughout Ohio and nationwide. Smart money management is more important than ever, but studies show that Americans are falling behind in financial literacy. While the U.S. is the world’s largest economy, Investment News reported it as ranking only 14th for financial
As a member of DoverPhila Federal Credit Union, you have several options for funding a home renovation. You can open a HELOC, or a Home Equity Line of Credit, which is an open credit line that’s secured by your home’s value for up to 10 years. You can also fund your renovations with an unsecured
DoverPhila Federal Credit Union is partnering with the United Way of Tuscarawas County to provide funds during the coronavirus (COVID-19) crisis. On Thursday, March 26, the credit union’s Board of Directors approved a $25,000 donation to fund United Way’s COVID-19 community-response fund. The fund will be used to help residents of Tuscarawas County with various
DoverPhila is monitoring the guidance of the Centers for Disease Control and Prevention (CDC) as well as other public health announcements with respect to COVID-19 (coronavirus). As this is an evolving situation, adjustments will be made as new or revised guidance is provided by public health authorities. Our branches remain open with normal business hours,
As a financially responsible individual, you should be checking your credit on a regular basis. If all goes well, your credit card statements and report hold no surprises. Sometimes, though, you may find a mistake. When this happens, you’ll need to officially dispute the error to fix your score. Credit Report Mistakes Most credit report
It’s easy to go overboard for Christmas. Giving extravagant gifts to your family members seems like a great idea … until you’re facing a huge credit card bill in January. However, it happened, approach this problem rationally. Blaming yourself is pointless; the important thing now is to right yourself financially. Fortunately, you’re not facing this
