Lyon County State Bank
Lyon County State Bank
The three major consumer credit reporting companies — Experian, Equifax and TransUnion — have new standards to enhance the quality of the credit reports they produce. The changes are in response to a 2015 legal settlement requiring action by these companies to reduce errors on credit reports. Incorrect or… Read More
Many parents and grandparents dream of helping loved ones attend college and post-graduate programs. One way to help them qualify for a student loan or obtain a loan at a lower interest rate is by being a co-signer. When co-signing a loan, you are promising to pay the loan… Read More
How to help protect yourself from high-tech thieves who steal account information You may have heard in the news that automated teller machines (ATMs) are being targeted by criminals who secretly attach high-tech devices to the machines in order to record consumers’ keystrokes and steal or, as it is… Read More
Does the high cost of rent have you down? It turns out it could have a major long term effect on your finances too. I came across an interesting study last week from Rent Café that says millennials spend about $93,000 on rent by the time they turn 30.… Read More
Millions of Americans are dealing with debt overload every day. If you’re struggling to pay your loans, credit cards or other bills, here are some steps you can take to begin managing the problems. Create a budget. Budgeting gives a clear picture of what you can afford so you… Read More
March is National Credit Education Month, which is a great reminder to self-assess our financial goals. Where do you want to be in 5, 10 or even 20 years from now? It’s never too early to start thinking about the future. Whether you are in the early stages of… Read More
Using a smartphone, “tablet” computer or other mobile device to manage your finances can be convenient and help you monitor your money from practically anywhere. At the same time, it’s important to take steps to protect your account information. Be proactive in securing the mobile device itself. Depending on… Read More
Ferocious storms, earthquakes and other disasters rarely give advance warning and can happen anytime. Whether a natural catastrophe strikes an entire community or a fire destroys a single home, the consequences for the survivors can be traumatic, including severe financial losses from uninsured property, the destruction of vital documents… Read More
Is it time for your financial checkup? Any time of year, but particularly the start of a new year, is a good time to reflect on how you are managing your finances and to consider whether you would benefit from some changes. Here’s a checklist of questions and suggestions… Read More
Getting or keeping a business up and running can be rewarding, but it also can be risky and time-consuming. Here are some simple strategies that may help entrepreneurs and other small business owners get the most from their banking relationships and avoid frauds or scams. The Basics Prepare or… Read More
No one wants to think about it, but everyone needs to plan for the possibility that they may suddenly become disabled or die. Taking a few steps now can make it much easier for your loved ones to manage your financial affairs when you can’t. Here are a few… Read More
How to Protect Money for Your Heirs in FDIC-Insured Accounts Among the many reasons people put significant sums in FDIC-insured deposits is to keep that money safe — for themselves and for their heirs. While the FDIC doesn’t recommend particular financial products or strategies for achieving your estate-planning goals,… Read More
You can meet your goals with automated deposits and investments Many people starting out in their careers find themselves burdened with lots of debt (perhaps from student loans, credit cards and car loans) and very little savings for future needs. But there are simple strategies for gradually building small… Read More
Your credit scores are prepared by FICO and other companies and are mainly based on your history of managing debts, such as whether you tend to make payments on time. Your scores play a significant role in your everyday life because the next time you apply for a loan… Read More
For many consumers, their mortgage is their biggest expense. Here are tips — for prospective borrowers as well as current homeowners — on ways to save money on a mortgage. Prospective Homeowners Comparison shop for your loan and don’t be afraid to try to negotiate the interest rate as… Read More
Many consumers use debit, credit and prepaid cards, often interchangeably, to purchase goods and services. However, these three types of cards are quite different. Consider the following. Each card works differently. If you use a credit card, you are borrowing money that you must pay back, in addition to… Read More
The basics on how to protect your personal information and your money En Español The FDIC often hears from bank customers who believe they may be the victims of financial fraud or theft, and our staff members provide information on where and how to report suspicious activity. To help… Read More
Avoid Fraud and Protect Your Privacy These days, anyone can be targeted by a fraud artist intent on stealing money or collecting Social Security numbers, bank account numbers, passwords and other information that can be used to access accounts and go on a buying or borrowing spree. Here are… Read More
10 Tips to Green Your Home and Save Money Whether you’re a renter or a homeowner, chances are you care about protecting the environment – and saving money. Here are some tips from Lyon County State Bank to help you do both. Location, location, location efficiency. Carefully consider the… Read More
Here are key tips to help your high school students begin to connect the facts of personal financial education with real-life opportunities … and then to begin implementing them. Get to know what taxes are: If you haven’t already, review a pay stub together and explain that the taxes… Read More
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