Skyla Credit Union Blog

So, you’ve got the basics of credit limits down—now you’re probably wondering: what actually qualifies as a good credit limit?

Ever wondered why your credit card has a spending cap? Or why your credit score drops after a big purchase, even if you pay on time? 🤔

Thinking about applying for a student loan, but unsure if you qualify on your own? This is normal. In fact, 90.30% of undergraduate private student loans were co-signed in the academic year to date 2022/23, according to the Enterval Private Student Loan Report. That’s because many students don’t yet have the credit history, income, or financial track record lenders are looking for. That’s where a co-signer steps in.

Starting your journey as a self-employed individual or entrepreneur is an exciting step toward financial independence. However, it also comes with important financial responsibilities - especially when it comes to taxes. Unlike traditional employees who have taxes automatically deducted from their paychecks, self-employed individuals must manage their own tax obligations.

Tax season is already stressful enough without scammers trying to swoop in and steal your personal information—or even your refund. Unfortunately, every year, tax-related scams evolve, and in 2025, fraudsters are getting bolder and more sophisticated in their tactics.

Does handling your online security accounts sometimes feel overwhelming? I get it! That’s why I'm happy to help simplify it. According to Microsoft, more than 99.9% of compromised accounts didn't use multi-factor authentication (MFA)? MFA is an effective, no-nonsense way to secure your accounts by adding extra layers of protection. This ensures that even if your password is compromised, your personal data remains safe.

Does keeping your online accounts secure ever feel like trying to remember all your passwords at once? (Psst... If your go-to move is resetting them every time, you’re not alone!) But don’t worry—I’m here to break down two popular security measures: Two-Factor Authentication (2FA) and Multi-Factor Authentication (MFA). Both add extra layers of protection to your accounts, but they’re not quite the same. So, which one should you use?

If you’re already in (or ready to be in) a committed relationship, chances are your finances will mix and mingle at some point. For many couples, discussing money with their significant other is one of the most challenging talks. It’s common to feel ashamed or embarrassed about financial hardship because you have a fear of being judged by someone who has your heart.

When it comes to paying for college, student loans might be the answer - but not all loans are created equal. The big question is: should you choose federal or private student loans? Each has its pros and cons, and understanding the differences can save you money and stress down the road. Don’t worry, As a borrower with federal and private student loans, I'm happy to break it all down so you can decide what works best for you! VIA GIPHY