#003B49

Access Credit Union Blog

Empower yourself with the knowledge you need to control your finances.
Access Credit Union is where you need us to be, with sound advice on any device.

Posts about:

Lending

loan application form with approved stamp

Borrowing Money Wisely

The best way to avoid getting into trouble with debt is borrowing money wisely from the get-go.

It is important to understand the formula to borrowing money. Did you know there is a formula to comfortable debt? It's important to understand that formula before you borrow money.

Financial institutions will often approve borrowing at 42% total debt servicing. Total debt servicing is calculated as a percentage of your pre-tax income versus your monthly debt obligations.

Read More