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New and Used Auto Loans:
CCFCU can make buying a car simple by offering pre-approvals.That way you can negotiate with any auto dealer on pricing and are able to concentrate on getting a better deal for that car.With competitive rates, 100% financing, and no application or processing fees, why do you want to go anywhere else? Apply today.
New and Used Recreational Vehicle Loans:
Whether you take to the road (RV) or take to the water (boat), the credit union can make that dream possible by financing your recreational vehicle.We’ll float you a loan with an interest rate and repayment terms that fit your budget. Apply today.
Unsecured/Signature Loans:
Your signature is all the security you need for a low-cost loan that can be used for anything you want…from a loan for a home computer to a loan for a vacation. Apply today.
Home Equity Loans:
Turn the equity in your home into cash to meet many purposes: educational costs, debt consolidation, home improvement, and much more.Homeowners can borrow up to the appraised value of their homes.Call us for details on our fixed rate and variable rate plans.
Mortgages:
Did you know that Clinton County Federal Credit Union offers mortgages? Click on Mortgages to learn more.
VISA Credit Card:
We offer two programs:
Visa Classic
Visas Platinum Rewards
A VISA credit card from CCFCU gives you all the convenience and worldwide acceptance of the most recognized name in credit cards, but at a much lower cost than other issuers:
*NO Annual Fee.
*Fixed Annual Percentage Rate.
*Easy to convert higher paying credit cards.
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Refinancing:
Want the personalized service offered by CCFCU staff?Want to save money?Refinance your mortgage, your auto, and your credit cards with CCFCU.
Calculate Your Debt-to-Income Ratio
It's good to know how lenders determine if you'll be able to afford your monthly payments comfortably, based on your income and other debts. Remember: Many lenders exceed these guidelines, particularly if you have no debt, good credit, or a large down payment when applying for a mortgage.
Use this guide to calculate your debt-to-income ratio:
Debt:
Monthly mortgage or rent $________
Minimum monthly credit card payments ________
Monthly car loan payment ________
Other loan obligations ________
Total monthly debt payments: $________
Income:
Monthly gross salary $________
Other monthly income (bonuses, overtime, and so on) ________
Monthly alimony received ________
Total monthly income: $________
Total debt divided by total income = _______%
36% or less: This is an ideal debt load to carry for most people. Showing that you can control your spending in relation to your income is what lenders are looking for when evaluating if you are credit-worthy.
37% to 42%: Your debts still may seem manageable, but start paying them down before they begin to spiral out of control. At this level, credit cards still may be easy to obtain, but acquiring loans may be more difficult.
43% to 49%: Your debt ratio is high and financial difficulties may be looming unless you take immediate action.
50% or more: Seek professional help to make plans for drastically reducing your debt before it becomes a real problem.
Line of Credits:
Any time you need money, you just take an advance off your pre-approved Line of Credit.Take an advance through the convenience of our online Home Banking – E-Teller - or through the convenience of your phone – Touch Tone Teller.
Student Financial Aid
Michigan Guaranty Agency The mission of the Student Financial Services Bureau is to excel in assisting citizens to pursue postsecondary education by providing equality of access to student financial resources and information. The Student Financial Services Bureau accomplishes that mission by offering several services to Michigan citizens and residents. |
Solving Credit Report Problems
 So you’ve located an error on your credit report that’s costing you a few precious points on your credit score. It could be that the credit reporting agency confused you with a Jane Doe of the same name or a creditor failed to record a settled account.
Regardless of how it got there, there’s a mistake that needs fixing, or else you may suffer the consequences of higher interest loans or rejected credit and employment opportunities.
It will take some effort on your part to amend the problem. But, according to the Fair Credit Reporting Act, the onus to repair your payment history ultimately rests with the credit bureau and the organization that reported the aforementioned offensive credit information.
Start by contacting all three credit bureaus in writing and explain what information you believe is inaccurate. A sample letter can be found at the Federal Trade Commission Web site. Include your full name and address, and clearly identify each item in your report under dispute. Include any supporting information or documentation. Ask that the errors be deleted or corrected, and be sure to include a copy of your report with those disputed items circled for reference.
Send the letters by certified mail, return receipt requested, to document the credit reporting agencies have received the claim. Credit bureaus must reinvestigate items in question within a reasonable period of time, typically defined as no more than 30 days. Credit bureaus will forward all relevant data to the information provider who will also reinvestigate. If the information provider finds the disputed information to be inaccurate or can no longer be verified, the consumer reporting agency must delete the information and notify the consumer.
When the reinvestigation is complete, the credit bureau must give you the written results and a free copy of your report if the dispute results in a change of information. Also, per your request, the credit bureau must send notices of corrections to anyone who received your report in the past six months. If the reinvestigation does not resolve your dispute, insist that the dispute be included in your file and in future reports.
You can obtain a copy of your credit report from the Equifax Credit Reporting Service.
For more information on how to dispute credit report errors visit the FTC’s Web site.
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