savings

5 credit union perks for the little guy

Easier to renegotiate loans
Next
3 of 7
Back

Credit unions typically offer lower loan rates.

But what about renegotiating loans if you fall behind? At credit unions, the process is usually simple. "You can do it in one phone call," Legg says. "We look at each independent loan to see opportunities."

Still, there may be restrictions, such as paying down part of your loan. And one downside is that renegotiating a loan can tarnish your credit score.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

How can I find best savings options?

Dear Dr. Don, Where can I get the best and safest savings rates? I feel like I need to do a better job of saving and want to get a good return on my money. -- Walter Wonders Dear Walter, That's the kind of question... Read more

advertisement
Partner Center
advertisement

Connect with us