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Borrowing and Credit

Banzai!

First Southern National Bank has partnered with Banzai to bring you clear, in-depth lessons to help you dive into the financial topics you care most about.

When You Can’t Afford Your Minimum Payments

2024-01-09T18:28:49+00:00July 1st, 2020|

If you’ve found yourself unable to make minimum payments, you have options to help improve your situation. It’s scary to find yourself in a situation where you can’t afford your monthly debt payments. Whether that’s due to a sudden life change, like a job loss or illness, or if you’ve simply found yourself

Reasons to Refinance

2024-01-09T18:34:56+00:00July 1st, 2020|

Refinancing can be beneficial if everything lines up in your favor. What can you get out of it? The list is long and exciting for someone stuck with loan payments that they aren’t happy with. Lower Interest Rate One of the most powerful outcomes of refinancing a loan is a lower interest rate.

Repaying Student Loans

2024-01-09T18:33:48+00:00July 1st, 2020|

More than half of all college graduates have used student loans to pay tuition and other costs. So if the lingering bill for your education makes you a little nervous, you may find some comfort in the fact that you're not alone in facing a major debt. If the money you borrowed came

Credit Scores

2024-03-12T17:03:28+00:00March 31st, 2020|

Even if you're financially responsible, life's unpredictable nature can sometimes catch you off guard, at times making it dangerously easy to fall into debt. Your credit score, also called a FICO score, is an actual number, between 300 and 850. The higher the number, the better: a score of 740 to 799 is

Managing Debt

2024-01-09T18:41:14+00:00March 24th, 2020|

Even if you're financially responsible, life's unpredictable nature can sometimes catch you off guard, at times making it dangerously easy to fall into debt. Dealing with situations beyond your control, such as a serious illness or an unexpected job loss, is difficult for anyone. But it can be especially tough if you're single or have sole responsibility

  • Woman buying the car.

Getting a Car

2024-01-09T18:42:30+00:00March 16th, 2020|

When looking for a new car, you have three main options: buy used, buy new, or lease. There are pros and cons to each method. Your choice will be based on various financial considerations, driving habits, and personal preference. Used Buying a used car is appealing to many people. Used cars

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