Identity theft is criminal behavior. It involves the illegal access or use of an individual’s personal or financial information. Identity theft can result in financial loss and seriously damage your credit history. If you are a victim, it will require substantial efforts to repair with identity theft restoration. Chelsea State Bank wants you to understand… Read More
Child Identity Protection: Prevention Equals Protection
Any illegal activity that involves children is something all of society needs to address. One that you may not readily see as a problem is theft of a child’s identity. It happens. And you’ll want be on high alert to protect your child’s personal identity. As a parent today, child identity protection has to be… Read More
Holiday Shopping Online? Avoid Identity Theft
The holidays are just around the corner, and that means many of us will be making purchases online to avoid large crowds and busy mall traffic. While online shopping has made our lives easier, it also exposes new weaknesses with the information we use to make those very purchases. The holiday season is a productive… Read More
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. Read More Chelsea State Bank Teaches Bob: How to Build Credit
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, trying to get a home equity loan with bad credit is an obstacle. Consider these 3 steps first: Understand the… Read More
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 seems like something out of a Godfather movie, sitting at the end of a table getting a lesson from a teacher in… Read More
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 a credit limit which you can use at any time. Like a credit card, a home equity line can be… Read More
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 made a pitch for a date with his check writing teacher. More on that later. How to Write a… Read More
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 payment. A home equity loan is usually a fixed rate. A home equity line-of-credit, or HELOC, is usually an adjustable rate loan because… Read More
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 using a debit card in an ATM, but there’s more Bob needs to learn about debit cards, beyond… Read More