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Financial and Lifestyle Resources for Vermont


In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.

By: Oliver Ames

September 4th, 2020

How Vermonters Will Be Affected by the New CDC Eviction Ban

Homebuying and Mortgages | Credit and Debt

Starting September 4, tenants will be protected from eviction until the end of 2020. This new government order comes from the Centers for Disease Control and Prevention and applies to renters who make less than $99,000 (or $198,000 for joint filers).

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By: Terence Field

July 30th, 2020

FAQ: What to Know and Expect about the Coronavirus Recession

Credit and Debt | Investing in the Future

When I began to consider writing about economic recession, the pandemic crisis was in its beginning stages and preparing for a recession was a largely theoretical conversation. Fast forward four months, and we are in a recession that surpasses the Great Recession of 2008. Downturns to both the state and national economies have caused a level of financial hardship most of us have never experienced—unless you were alive for the Great Depression from 1929 to 1941. Rather than heighten your concern or cause you despair, however, my goal is to answer some frequently asked questions and provide you with a framework to better understand the current economic recession and what we might expect moving forward.

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By: Oliver Ames

May 6th, 2020

How to Manage Your Personal Finances during COVID-19

Credit and Debt | Saving and Budgeting | Identity and Fraud Protection | Lifestyle

COVID-19 has brought financial uncertainty to many, and even as we edge closer to recovery, the impacts of COVID-19 will be felt by many Vermonters for months to come. I sat down with Yvonne Garand, our senior vice president of marketing and business development, to talk about personal finance in the age of COVID-19.

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By: Nick Bohlen

April 30th, 2020

Eight Things to Do if Facing Coronavirus Lay Off or Furlough

Credit and Debt | Saving and Budgeting

In the last month, 22 million Americans have filed for unemployment due to the coronavirus. Here in Vermont, unemployment has jumped from 2.2 percent to an effective unemployment rate of over 20 percent, with more than 80,000 claims to date for unemployment insurance due to COVID-19. The economy is slowly restarting, as certain industries are reopening with social distancing parameters in place, but many Vermonters remain unemployed or worried about job security. If you or someone you know is out of work, here are eight things you can do to survive being laid off (or furloughed).

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6 Tips for Improving Your Credit Score

Cultivate and Maintain an Excellent Credit Score

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By: Oliver Ames

April 15th, 2020

Top Five Myths about IRS Stimulus Payments

Credit and Debt | Learn Something New

We've received a number of inquiries from our readers about the COVID-19 economic impact payments (aka stimulus payments) since we originally posted this blog. Within those inquiries, we’re noticing a few common myths that have arisen, so we decided to post a follow-up article to clear up some of these myths. If you haven’t read the original blog, make sure to take a look if you don’t find the answers to your questions below.

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By: Heidi White

January 15th, 2020

How to Pay off Credit Card Debt Fast

Credit and Debt | Saving and Budgeting

Now that the holidays are over, how is your credit card balance looking? This is often the time of year when people take stock of their debt and begin to despair. If that’s where you’re at, take a deep breath and keep reading for some simple tips that should help you get a good, quick start on getting rid of your balance(s).

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By: Valerie Beaudin

December 31st, 2019

Don't Fall into the Payday Loan Trap

Credit and Debt | Saving and Budgeting

A payday loan is a short-term loan that is intended to be paid off with your next paycheck. Payday loans are often used by people who are short of cash to pay for emergency expenses. They are prohibited in many states because they are considered predatory loans that charge unreasonably high interest rates and fees, which make them very hard to pay off. Because they’re so hard to pay off, they can trap people in a cycle of debt for years. How can you avoid these loans when you really need the cash now? Keep reading.

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By: Michelle "Shelly" Duprey

December 18th, 2019

What Credit Score Do I Need to Buy a House?

Homebuying and Mortgages | Credit and Debt

If you’re in the market for a new home, it’s time to review your credit report. The information in your report helps your mortgage originator determine your creditworthiness (whether you’re likely to pay back money loaned to you).

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