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Archive - January 2021

7 Ways to Improve Your Credit Score

7 Ways to Improve Your Credit Score

Posted On: January 22, 2021 by Farmers Trust & Savings Bank in: Home Ownership

Whether you’re renting or buying, your credit score is significant. It is important for you to responsibly manage your debt levels and maintain good credit reports so that you are more attractive to leasing agents and mortgage lenders. Tips to improve your credit score.   

Request a copy of your credit score report – and make sure it is correct

Your credit report illustrates your credit performance, and it needs to be accurate so that you can apply for other...

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5 Questions to Consider Before Purchasing Your First Home

5 Questions to Consider Before Purchasing Your First Home

Posted On: January 19, 2021 by Farmers Trust & Savings Bank in: Budgeting, Home Ownership, Money Management

Owning a home is a great investment, but before jumping into the market it is extremely important for consumers to consider the costs involved and budget accordingly to ensure they’re able to meet all of their financial obligations.

Farmers Bank encourages consumers to consider these questions before beginning their housing quest:

How much money do you have saved up?‚Äč
Start with an evaluation of your financial health. Figure out how much money you have for a...
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Tips for Creating a Budget

Tips for Creating a Budget

Posted On: January 8, 2021 by Farmers Trust & Savings Bank in: Budgeting, Money Management

During any economic times, it is more important than ever for families to develop a budget and stick to it. Rainy-day funds, savings for college, or just making your rent payment can all be made easier with a budget. Farmers Bank supports its customer’s efforts to budget and save by offering expert guidance.

A financial goal can be very motivating, whether you are saving for a family vacation, a down payment for a house or a new pair of shoes, if you stick to a plan, you’re...

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