Financial Capability

Tools and Resources for Consumers

Tools and Resources for Consumers

Category: Financial Capability

Some of the tools and resources you will find here include Shopping for a Mortgage, Credit Repair, Budget Templates and Mortgage Calculators.

FTC Budget Template

  • Use this simple template to create a budget and track your expenses every month.

FTC 10 Ways to Avoid Fraud

  • Scam artists in the U.S. and around the world defraud millions of people each year. They use the phone, email, postal mail, and the Internet to trick you into sending money or giving out personal information. Here are 10 things you can do — or not — to stop a scam.

Credit Repair

Credit Card Guide and Usage

  • There are many types of credit cards with various features, but there is no one best credit card. It is important to shop around. Fees, interest rates, finance charges, and benefits can vary greatly. In some cases, credit cards might seem like great deals until you read the fine print and the disclosures. Click here for the FDIC’s Quick Guide for Consumers on Credit, Debit and Prepaid Cards

Shopping For a Mortgage?

  • What you can expect under federal rules, The Consumer Financial Protection Bureau’s Mortgage Rules (pdf): The rules effective January 10, 2014 help make sure that you get a mortgage loan you can afford. The rules also help make sure that responsible lenders aren’t forced to compete with reckless lenders engaged in risky practices. Although the rules provide you with protections, it’s important to do your own analysis. Focus on what loan amount is affordable for you given your other priorities, not how much you qualify for. To know how much you can afford to repay, you’ll need to take a hard look at your income, expenses, and savings priorities to see what fits comfortably within your budget.

Mortgage Calculators

  • Use Bankrate’s mortgage calculators to compare mortgage payments, home equity loans and Adjustable Rate Mortgage (ARM) loans. The mortgage calculator offers an amortization schedule.

Retirement Calculator

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