What Does the New FICO Scoring System Mean?

by Paul Mulligan, SVP, Retail Lending When you apply for a loan, lenders have access to a variety of information they use to decide whether to give you a loan and at what terms.  The most popular of those resources is your FICO score, a three-digit rating based on information in your credit reports, which […]

Don’t Let Emergencies Sink You into Debt

By Celeste Lohrenz Emergencies are, by definition, unexpected and unpredictable.  They can also have significant financial ramifications – either due to high costs or loss of revenue or both.  By nature, emergencies aren’t easy to deal with and most can’t be avoided, but there are ways to make them more manageable, starting with making sure […]

Is a Home Equity Loan Your Path to Eliminating Credit Card Debt?

By Paul Mulligan, Senior Vice President, Consumer Lending Now that the holidays are a distant memory, everyone has settled back into their “normal” routines, which inevitably includes paying the bills. Hopefully, you didn’t max out all your credit cards, but if you did, that may create strain on your budget, especially if you also have […]

Plinqit Makes Saving as Easy as Using an App

By Tina Mason, Customer Solutions Specialist, Post Road East Office Saving is not always easy. Just ask the 58% of Americans who have less than $1,000 saved (73% have less than $5,000 in savings). Financial experts suggest having an emergency fund of 6-12 months of expenses, in addition to saving for retirement, which should be […]

Making the Most of Your Paycheck in 2020

By Lynda Mason, Group Manager, Post Road East Office; Woodmont Office Now that we’ve started a new year – a new decade, in fact – many of you may have made New Year’s Resolutions to be more financially responsible, to spend a little less and save a little more.  It’s a great approach to your […]

Why Digital is an Advantage for Local Banking

It’s no secret that the world has gone digital. So much of everything we do each day happens online with the mobile devices that seem to be attached to our appendages. Mobile and desktop apps and online portals have changed the way we manage our lives, including our finances. With the Millennial generation now the […]

Holiday Travelers Should Be Wary of New Payment Data Risk at Gas Stations

By David Wall, Chief Information Officer ‘Tis the season… for joy and celebration and spending time with family and friends. It’s a time of year most people look forward to for many reasons, not the least of which is the traditions attached to the holiday period which, for many, includes travel. If you’re one of […]

What you need to know about using P2P payment apps

By Lynn Viesti Berube One of the unique features about today’s app-centric society is there’s an app or just about everything, it seems.  It’s great to be able to download apps and take care of so many things on your mobile devices.   On the other hand, because these apps tend to be fairly targeted – […]

Peer 2 Peer Payment Apps Give Consumers More Choice

By Celeste Lohrenz As it has been with nearly every industry, digital technology is changing the way people bank.  Online tools and mobile apps are making it easier for people to manage their finances, giving them modern options to replace traditional options.  P2P (Peer To Peer) payment apps, for instance, have become highly popular as […]

Millennials Aren’t All-Digital When it Comes to Banking

By Joseph Weathered The payment industry is evolving. Each year, new services and applications for financial transactions emerge.  Platforms like PayPal, Google Pay, Apple Pay and Zelle are increasing in popularity as society as a whole continues to become more digitized.  Customers demand digital products and, in response, The Milford Bank sees their value and […]