Did You Know?
May 25, 2012
Credit Karma provides truly free credit scores to consumers direct from the credit bureaus. The site shows how you can save money on many lending products.Check it out at Credit Karma.com
July 11, 2012
Bill Float is one of several credit programs that KATCO is now offering. Bill Float is designed to help people who have a short-term cash flow problem pay a recurrent monthly bill. Bill Float works directly with 2,500 different service providers such as wireless carriers, cable & satellite companies, insurance providers, and many utilities. On average, Bill Float takes two to four business days from the time of the application to the payment of the provider. The application is completed online through a KATCO representative. A decision is made immediately after the application is submitted. Eligibility requirements include being 18 years of age or older, positive history with current and past Bill Float loans, non-military status and providers being part of the Bill Float network. If you are interested or would like to find out more please call a KATCO representative today at 1-866-465-2826.
The Emerge Loan program can help where other KATCO programs are unable to. The Emerge Loan, offered through Liberty Bank & Trust, provides direct loans anywhere from $600 - $2,500 with no restrictions on what you use the loan for. This program offers repayment terms from 12 to 24 months with varying interest rates based on your credit score. The application takes ten minutes to complete by you and a KATCO representative. This can be done in person or over the telephone. The decision and loan documents are provided through email. Some qualification requirements include but are not limited to, two years continuous, non-seasonal employment, your employer has at least 25 employees, credit score greater than 600, credit file of two years or older, minimum salary of $20,000 per year, repayment through payroll deduction or payroll direct deposit and co-signors are not allowed. If you would like to learn more about this program please call a KATCO representative today at 1-866-465-2826
As you may know, beginning January 2013 Social Security is requiring recipients of SSI, SSDI and other benefits to have either a bank account or debit card for direct deposit. The US Bank Debit Card is a great way to get started and acquainted with the workings of debit cards. Not only can you have your social security benefits directly deposited you can also, pay bills online, transfer money from card to card and budget income and expenses. While there are some fees like getting cash out at an unauthorized ATM, or not enrolling in online banking for your monthly statements, the card has next to zero monthly fees. Unlike traditional bank accounts the US Bank Debit Card requires no minimum balance and safeguards in place to prevent overdrafts. This card is FDIC insured and may restrict some garnishments efforts. If you are interested in learning more about the US Bank Debit Card call a KATCO representative today at 1-866-465-2826
The Mango Debit card is another new program offered through KATCO. The Mango Card has many of the same features that the US Bank Debit Card does. The Mango card has no set up fees and next to zero monthly fees when you use online banking, and with a $500 monthly deposit into the card certain other fees will be waived. The Mango Card can also be used as a direct deposit for social security benefits. One very positive and attractive feature of the card is a savings account with an interest rate of 6% APY when a minimum deposit of $50.00 a month occurs. This Debit card is FDIC insured, does not allow unauthorized garnishments and safeguards to prevent overdrafts. If you are interested in learning more about the Mango Debit Card call a KATCO representative today at 1-866-465-2826.