Small businesses, which create the majority of new jobs, depend heavily on community banks for financing. Although small and mid-sized banks control less than one-quarter of all bank assets, they account for more than half of all small business lending. Big banks, meanwhile, allocate relatively little of their resources to small businesses. The largest 20… Read More
Home Equity Loan vs. Home Equity Line of Credit: Which is Better?
Which is better? It depends on your needs. When deciding whether to take out a Home Equity Loan or Home Equity Line of Credit, consider your goals, your payment schedule, your spending habits and your risk tolerance.
6 Ways to Avoid Medical Debt Collection
Life can be difficult when a loved one or we are ill and medical bills start to arrive. This becomes a very stressful time and can cause financial distress. One thing we have to do when medical bills start to pile up is become our own advocate. We need to take control of the situation… Read More
3 Ways a Personal Loan Can Help Your Community
Community banks are often considered the heart of their communities because of the care and concern they have for families and businesses in the area. Chelsea State Bank makes it their mission to give back to their communities by donating thousands of dollars and hundreds of hours to local organizations that help communities thrive.
9 Ways to Pay off Debt Without Credit Cards
Today, many of us are living paycheck to paycheck because of financial situations that happen beyond our control. Someone in our household loses a job, becomes ill, or experiences other hardships like death or divorce. Whatever your life situation, when the bills start to pile up…it’s easy to turn toward one or many of the… Read More
Should I Use a Personal Loan to Pay off Credit Card Debt?
Credit cards have become a way of purchasing today. We all use credit cards to buy now and pay later. When credit card debt begins to pile up, it might be better to pay off the credit card debt with a personal loan. Here are four reasons to get a personal loan to pay off credit… Read More
7 Ways to Avoid Holiday Credit Card Debt
As the holidays bustle in, so does the joy of the season. Make sure to keep the joyous part of the season alive by reducing your stress and managing your holiday spending. The best place to start is by putting away the credit cards. Nothing can take the joy out of the season more than… Read More
How Can I Get a Better Rate on Personal Loans?
Qualifying for a Personal Loan with a Great Rate Taking out a personal loan can help you relieve your debt load and cover unexpected costs, but take stock of your options before settling on one choice. Find the best rate, borrow only what you need and repay your debts on time. How much you can… Read More
5 Ways a Personal Loan Can Save You Money
In the fast-paced world we live in today, we often need or want things before we have the full purchase price. We have all grown up using credit and it seems like most generations today prefer to buy now and pay later. But, we also know that it’s prudent to save our money. Here are… Read More
How to Calculate Monthly Personal Loan Payments
When most people borrow money, the monthly payment is one of their top concerns: is it affordable? Know your monthly expenses compared to current income; or potential income changes during the life of the new loan. If you’re not sure how much you’ll need to pay, a loan calculator – or a bit of math… Read More