Pataskala Banker Embraces Spirit Of Holidays Through Music

Friendly Bremen Banking Center Personal Banker Mitchell McCrady has a busy month ahead of him. By day Mitchell helps customers in our Pataskala branch with everything from cashing checks to opening accounts. After hours he is a passionate musician who plays French horn with three different Central Ohio symphonies and a local opera company. This month, he will be especially busy with Christmas performances in and around the Columbus area.

In fact, he will take part in four Christmas concerts and a New Year’s Eve fundraising gala this month!

beautiful poinsettia in flowerpot, gifts and Christmas ballsMitchell began playing French horn at the age of ten, learning the instrument with the school band at Berne Union in Sugar Grove. During his teen years, Mitchell took lessons at Ohio University in Athens and further developed skills that he carried into college. In fact, he holds an undergraduate degree in Music Performance from University of Dayton and a Masters of Music in Horn Performance from Indiana University.

He is a member of the New Albany Symphony, Central Ohio Symphony, Newark-Granville Symphony Orchestra and Opera Project Columbus and participates in some seasonal projects as well.

Mitchell came to work at VCNB in 2015 and has since worked in our branches in Lancaster, Canal Winchester and now Pataskala, learning the ropes in retail banking and customer service.  “I feel lucky to work at the bank and pursue my passion at the same time. I’m so appreciative of that,” he said.

Here is the schedule of Mitchell’s upcoming holiday shows:

Central Ohio Symphony
Holiday Concert
Sunday, December 9 at 2 p.m. and 4 p.m.
Gray Chapel, Ohio Wesleyan University

New Albany Symphony
Santa and the Symphony***Sensory Friendly Concert***
Saturday, December 15 at 11:30 a.m.
Jeanne B. McCoy Community Center for the Arts
This is a short 45 minute program; perfect for little kids and those with special needs.

Holiday Spectacular
Sunday, December 16 at 3 p.m.
Jeanne B. McCoy Community Center for the Arts

Columbus Dance Theater
MATCHGIRL
Friday, December 14 at 8 p.m.
Saturday, December 15 at 3 p.m. and 8 p.m.
Otterbein University, Fritsche Theatre – Cowan Hall

 
Weathervane Playhouse/Newark-Granville Symphony Orchestra
New Year’s Eve Fundraising Gala
Monday, December 31 at 8 p.m.
Weathervane Playhouse (100 Price Road Newark, OH 43055)

Mitchell invites everyone to come out and support, not just these shows, but other local performances in the area. “Every show is different and I would encourage people to go out and support as many as you can. These are local musicians in your own community and we enjoy giving great performances for people,” he said. “We’re lucky to have such a rich, thriving art scene in Columbus and in areas all over Ohio.”

Santa Visits Set

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Here at VCNB we’re pretty good friends with Santa Claus which is why he’s kind enough to visit some of our branches every December. We know it’s his busy season so we really hope you’ll take advantage of his visits by coming to see him!

Boys and girls of all ages are welcome to visit, share their holiday wishes and have their picture taken. Just remember to bring your own camera or phone for pictures!

Here are the dates and locations!

Friday, December 7 from 3 p.m. to 5 p.m.
Canal Banking Center

Friday, December 14 from 3 p.m. to 5 p.m.
Friendly Bremen Banking Center in Bremen

Thursday, December 20 from 3 p.m. to 5 p.m.
Friendly Bremen Banking Center in Pataskala

Friday, December 21 from 3 p.m. to 5 p.m.
Friendly Bremen Banking Center Lancaster East Main

Small Business Spotlight: BBB Music Center

Small businesses are important to communities and running a business is tough work. That’s why we feature a small business in one of our communities every month! 

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In an age when many specialty stores are going the way of the rotary telephone, downtown Chillicothe continues to support a number of specialty stores. One of the more unique of these is BBB Music Center, a locally owned store that specializes in all things related to musical instruments and sound equipment.

Owner Bob Green said the Water Street store really is a center for the community.  “We’re not here to serve ourselves, we’re here to serve our community,” Green said. “We think it’s still important to have a local music store in town, one that’s friendly to customers and that gives them the services they need.”

Bob Green.JPGBob is an Air Force veteran and family man who has made a point to include family, friends and the entire community in the store. “A lot of my family helps out and I like to get the grandkids in here to teach them some work ethic. They all know how to run the cash register and some of them can tune a drum or a guitar. Some can set up sound systems.” Bob explained as he named each of his children, sons-in-law and grandchildren who help out. One of Bob’s daughters, Sarah Lambert, has been helping customers since he opened shop.

The story of BBB Music Center dates back to 2005 when Bob was trying to purchase a guitar from another area music store. Their look-but-don’t-touch policy meant that he couldn’t try out the instrument he liked before buying it. “I just didn’t understand how you could buy something like that without trying it first. You buy a car, you drive it first. You buy a guitar, you need to know how it feels and what it sounds like,” he explained.

Shortly after, he began selling bluegrass instruments at area festivals and events but it soon became evident that he needed a storefront. The store began life as Bob’s Banjo Barn and has been in a few places around town. Today they are on Water Street and the name shortened to BBB Music Center to reflect the wide variety of merchandise they carry.

In addition to stringed instruments, they sell band instruments and supplies, drum sets, keyboards, amplifiers, sounds systems and all the connectors, cables, power supplies, reeds, strings, neck straps, music books, tuners, cases and cleaning supplies you might need. They offer a wide selection of new and used guitars, banjos, mandolins, violins and strumsticks.

“We look for well-made instruments because we want to sell quality stuff for less money. It’s that simple,” Bob explained. He also is insistent that it’s important to sell customers the right instrument. “We fit people with instruments. They may not realize that a guitar may be too big or too small. We don’t want to see you waste your money. We’d rather help you find the right instrument that could last you a lifetime.”

On top of all that, they do cleaning, repair and restoration for all instruments as well as for sound systems and other musical electronics. In addition, they do warranty repair for certain brands of instruments. “We have experienced people who know what they’re doing and who I trust to do good work for our customers,” Bob continued. “Sometimes an instrument just needs cleaned, adjusted, tuned, or maybe a new set of strings. We can do all that and more.”

They also offer space for instruction. They have classroom space where independent teachers provide lessons for instruments including stringed instruments, keyboard and drums.  Each instrument purchased here comes with a free lesson. Also, it is possible to take lessons through an instructor here without actually owning the instrument but by using one at the store.

instruments and books.JPGBob is cognizant of the need to be competitive in an increasingly online world, working hard to keep prices competitive and to offer those personalized services that online sellers cannot. In fact, many customers come in for help setting up a new instrument they purchased online or to repair one damaged in shipping. “A lot of people buy online without knowing if it’s right for them and without realizing there is work to be done to make a new instrument playable,” he said.

Plus, if they do not carry what you need, they are pleased to order it for you.

They also provide set up and service for sounds systems. “Sometimes a church will call with a problem with their sound system or a microphone or keyboard and we’ll go right over. We know how important it is to have someone to rely on when you’re having a problem.”

Bob also keeps the store active in the community and is complimentary of many other downtown merchants. For example, the store accepts donated instruments which they clean and repair before donating to veterans through the VA Hospital. Churches, veterans and Kenworth employees all receive a ten percent discount.

giftEvery Saturday morning, from 10 a.m. to 1 p.m., a group of locals stop by to jam, playing gospel, folk and bluegrass music in a room at the back of the store. Everyone is welcome and there is no limitation on age or experience – one regular participant is ninety. “Whoever can come just shows up. We’ve seen friendships develop and bands form just from playing in the back room,” he said. Bob hopes to soon offer the jam room to younger artists on Saturdays from 2 p.m. to 4 p.m.

The beautiful thing about this line of work is that music appeals to everyone. “It’s a love, really. There’s nothing like picking up a guitar, closing your eyes and playing. It’s not a man’s world. It’s anybody’s world here. From six to ninety, we serve everyone,” he said.

The store’s customers come from all walks of life and from all over. Bob said that a number of their customers come from West Virginia, Kentucky and from all over Ohio. “We have customers come down from Columbus because the stores up there don’t carry what they need and they don’t offer the service we do” he said.

This store clearly is a passion and a labor of love for Bob. “Come in as a customer and leave as a friend. That’s what we want here,” he said. “Come in and ask questions, try the instruments, be sure about what you’re buying. That’s what we want and we’ll do our best for you.”

BBB Music Center is located at 20 East Water Street. With street parking available in front and in a public lot across the street, it is easy to park and visit them during business hours 10 a.m. to 6 p.m. Monday through Saturday. Call them at 740.772.2262, visit them online or follow them on Facebook.

See more images of the store in the slideshow below.

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Renovation Underway at Salt Creek Banking Center

VCBC SCBC Laurelville Exterior Render Elevation 073118VCBC SCBC Laurelville Render Elevation RED 073118We have started construction on a full renovation project at our Salt Creek Banking Center in Laurelville. This is now the third branch in a multi-year plan to renovate or replace all of our seventeen offices.

We are pretty fired up about the work we have planned here. In fact, when we saw the architect’s renderings of this office we all said a collective “Oh, wow!”

This renovation will usher into Laurelville a new era of banking that will empower most of our retail staff to help customers with all their needs and will create an atmosphere that is both personal and easy for customers to bank.

The work will begin with an exterior renovation that will include widening the front steps and making them easier to climb. The front door will be replaced with one that is wider and easier to open.

Inside, the interior will be remodeled to open the floor plan and add glass storefronts to three office spaces. Lower ceilings and new paint, carpet and lighting will create a light, bright and airy space to do business. A new history wall will spotlight the town’s heritage. Plus digital signage and iPads will provide customers with a more modern, hands-on banking experience.

During construction, temporary teller stations will be set up at the rear of the building and all customers will be asked to use the rear ADA entrance. Our Laurelville customers have been loyal for many, many years and we look forward to giving them a better place to bank.

Why We Are Thankful

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We asked our employees to tell us what they’re thankful for this Thanksgiving! Here are a few of their responses.

There are so many things to be grateful for! Faith, family, friends, health and each new day are all blessings I am thankful for. I am also thankful for my job with VCNB and for the opportunity to transfer to a new position this year!

Grace Delong
Indirect Loan Processor

* * *

I am thankful for my two daughters. They are truly the best blessing I could have ever asked for. I’m also thankful for my family and friends. They are always there to help and support me.I am very thankful for my job. Without my job I wouldn’t have been able to provide for my daughters.

Kati Maple
Branch Manager, Pickaway County Banking Center – Ashville

* * *

Most of all, I am thankful for family. I know that sounds so typical but you haven’t met my family! We are not typical!

Barbara Perry
Teller, Pickaway County Banking Center – Circleville

* * *

First and foremost, I am thankful to serve a God who gave his son so that I may have everlasting life. I am thankful to have great family and friends to share my life with. I am thankful to have the ability to pull memories of loved ones who have gone before me. I am happy to live in this beautiful free country where I can make my own choices. I am also grateful to be able to help others as the opportunities arise. All in all I am a very thankful and blessed lady.

Monica Delong
Retail Accounts, VP

* * *

Thanksgiving is here, with another year coming to an end. I have always thought of Thanksgiving as a favorite holiday of mine. We can celebrate together, giving thanks to the God that we serve for what he has done for us. I am thankful for my wife, children, and now grandchildren for the happiness they give me. As I continue to age, I am more and more thankful for the health that I have. We cannot forget the country that we live in, and the freedoms that we take for granted. I will, also, pause to thank VCNB for the opportunities that they give to us to grow and serve the communities that we work in. Lastly, I was born on Thanksgiving!

Dale Massie
Senior Retail Lender, Jackson County Banking Center

* * *

I have so much to be thankful for. God has blessed me with a wonderful family, nice home, a good job and so many other things that we sometimes take for granted. I hope everyone has a Happy Thanksgiving and enjoy your time with family and friends.

Charlotte McCarty
Branch Service Manager, Vinton County National Bank – Wilkesville

* * *

I am thankful for having two healthy little boys who fill my heart with joy, along with my husband who is my biggest supporter and best friend. I am thankful for having a great place to work at that is so understanding to a working mom and the hiccups that happen with having two small children.

Emilee Harper
Branch Manager, Pickaway County Banking Center- Commercial Pont

* * *

I am thankful I work for a company that allows – and encourages – personal involvement with my community and allows me the freedom to make sure I can be there (wherever “there” may be from time to time) for my family. I live a busy life between my professional life and the extracurriculars my family is involved with and the groups and organizations that are important to me. The ability to simply “be there” sometimes is greatly appreciated. Add to the fact that I call Southeast Ohio home – I’m born and raised here – and there’s a certain pride I have in making a living here. I’d feel silly asking for much more than that.

Austin Rohr
Marketing Specialist

* * *

I am thankful for nights that turned into mornings, friends that turn into family, and dreams that turned into reality.

Erin Hart
Teller, Salt Creek Banking Center

* * *

This holiday season, I have the privilege of hosting our family’s Thanksgiving gathering for the very first time. In October, we were blessed with a new home and enough space to accommodate my 20+ loved ones for dinner. I am so very thankful for the opportunities given to me in 2018, and more importantly, to be able to share them with the people I love. To my father who returned home from surgery just last week, I am grateful to have you here to cut the turkey. Happy Thanksgiving to all!

Nicole Scott
Branch Service Manager, Friendly Bremen Banking Center – Bremen

* * *

This Thanksgiving, I have so many things to be thankful for. Here are just a few. First and foremost, I’m thankful to have a God that forgives us and loves us unconditionally. I’m thankful for my family and friends and I’m thankful for our military who fight for our nation’s freedom every single day so we can be free. Happy Thanksgiving everyone!

Patricia Scott
Senior Teller, Ross County Banking Center – Richmond Dale

* * *

This year I am thankful for another fantastic year with my husband. We have built a beautiful life and I am thankful for it each and every single day. We adopted the sweetest/crazy puppy this past January and have truly enjoyed watching him grow into an amazing companion to us. We have a home that we built together fifteen years ago filled with all of our precious memories. We get to travel and well, just spend as much time together as we possibly can. He is my best friend and I am more than blessed and thankful to get to live my life with him.

Emily Wangler
Personal Banker, Franklin County Banking Center

* * *

I wish to give thanks for all the blessings I have today. I’m thankful for all those around me – my co-workers, customers, friends and my family. I’m grateful for my good health, living life to the fullest with my family, and getting to call beautiful Vinton County my home.

Beth Ann Patterson
Senior Retail Accounts Officer, Vinton County National Bank – McArthur

* * *

I am thankful for my home, family, and for the memories we make everyday.  For the love ones that I lost. Who taught me to live life to the fullest and gave me the opportunity to love them in return. I am blessed each day and thank God for the great scenery.  All the colors in the fall, to the first frost, only to start at the beginning with all the colors of spring. Each day is a blessing and I’m thankful.

Tracy Nichols
Senior Customer Service Representative

* * *

I am thankful every day for our God, family, health, home, friends and neighbors. Happy Thanksgiving to all!!!

Melda Cottrill
Personal Banker, Canal Banking Center

* * *

This year I am especially grateful for our new house and family. From my sister giving birth to two beautiful twin girls in September (I’m an uncle!) to the more recent loss of my grandmother only a few short weeks ago, it’s been an eventful year. I feel lucky to have such a supportive and loving family through the high and low moments of life.

Mitchell McCrady
Personal Banker, Friendly Bremen Banking Center – Pataskala

* * *

I am so thankful for my family. My wife and children and all of my family, whether they’re blood related or not. They all collectively make my life better and without them, I’d be lost. They’re my biggest supporters through everything and my biggest comforters when things aren’t so good.

Johnathon Bentley
Teller, Vinton County National Bank – McArthur

 

From all of us here at VCNB, we wish you and yours a happy and peaceful Thanksgiving. We are thankful to be a community bank with hard working employees and to be serving customers in so many amazing communities. We thank you for your business!

VCNB Introduces New Business Checking Experience

JCBC Billboard - Not Your Average (BUSINESS CHECKING) - (Jackson Digital)

Here at VCNB we have been serving businesses both big and small since 1867. That experience has taught us a thing or two about business customers and their needs. For one thing, we understand that every business is unique and that literally no two are alike. We also believe that there’s no such thing as an average business customer and that our customers shouldn’t have to settle for an average business checking account.

That’s why we have developed a new kind of business checking experience with Business Rewards Checking and Business Rewards Checking Plus. Both accounts allow you to earn UChoose Reward® Points for purchases made with a registered debit card and for other types of banking habits. These reward points can be redeemed for cash back to your checking account.

A number of features come free with both accounts including Business Mobile Banking and Bill Pay, Basic Business Online Banking, Account Alerts, Electronic Statements, Telebanc Services, Charge Orders, Sage Payroll Services powered by Paychoice®, Merchant Services and Lock Box Services.

Earning rewards is easy with these accounts! For example, earn one point for every $3 spent with your Business Debit Card. Earn 200 points for 21 or more purchases per cycle as well.  Also earn one point for every dollar spent with a VCNB Business Visa® Platinum credit card. One time sign up bonuses are offered for a number of products including Positive Pay, Remote Deposit Capture and Sage Payroll Services Powered by Paychoice.

And now for a limited time, open a Business Rewards Checking Account or Business Rewards Plus Checking Account and earn 10,000 bonus points. Open a Visa Business credit card and earn an additional 10,000 points. Offer ends 12/31/2018.

Want to learn more about these new business accounts, a VCNB Business Visa Platinum credit card or about this limited time special offer? Click here for information. 

View full terms and conditions here.

 

Kids and Money: Seven Tips

As community bankers we frequently visit classrooms to talk about banking and money management.

For the little kids we focus on the difference between needs and wants and on the importance of saving money. For the teens we talk about more complex topics like how banks and credit works. We talk to them about what happens when you borrow money, why everyone needs a checking account and what credit scores mean.

We do this because we believe financial education is important and we are happy to provide this service to youngsters and young adults in our communities. However, we hope that parents will spend some time educating their kids about these topics as well. Here are seven tips to get you started.

Teach them about saving. Whether it’s a piggy bank, a clear glass jar or a passbook savings account, teach your kids to save money and to be excited about seeing it grow. Talk to them about how saving money means they’ll have funds for something they really want or need in the future.

Talk about the difference between needs and wants.   This is a lesson that a lot of adults could use as well. In talking to third graders with our Teach Kids To Save program, we find that they have an excellent grasp on what they need and what they want. They need a pair of shoes. They want the kind that light up when they walk. By the time they’re in high school, we find it’s often harder to get them to admit they don’t need the latest iPhone.

Talk about the cost of things. As you’re grocery shopping or making decisions about purchases, initiate a conversation about why you are buying the off brand canned goods or how buying in bulk saves money in the long run. Help them understand that even the small purchases call for decision making.

Give them a chance to earn money – Whether to give allowance or pay for chores is a personal decision each family must make. We will say that there is wisdom in providing kids with the opportunity to manage money they had to earn. Modest pay for chores or allowance gives them the chance to learn about responsible spending and saving. If you have teenagers, encourage them to take on a part time job or to do odd jobs in the neighborhood.

Help them open a Student Checking Account. They will need one eventually and learning to manage an account now will help them later in life. Click here to learn more about how Student Checking at VCNB works.

Discuss Debt. This is a good subject for everyone but especially for teens who have their eye on car ownership. Talk to them about things they might need to borrow money for – like a car, college education and house – and about saving money for a down payment. Also talk about how to manage a credit card responsibly and why they should avoid charging more than they can pay off in a month.

Talk savings. Teach them about the three most important kinds of savings for adults: personal, emergency and retirement. While retirement savings may not seem like a priority to a teenager, it will be important in a few years once they’re starting out in their career.

Your kids are going to learn about money from someone. Wouldn’t it be better coming from you?

Small Business Spotlight: Broadway Fireplace and Decor

Small businesses are important to communities and running a business is tough work. That’s why we feature a small business in one of our communities every month! 

Broadway Fireplace and Decor Owners, Jeremy and Danielle Johnson

“Live the life you’ve imagined.”

This is the advice written on the wall at Broadway Fireplace and Decor in Grove City. It also seems to be the way owners Jeremy and Danielle Johnson are living their lives.

The couple has combined Jeremy’s twenty years of experience with fireplaces and her love for making things beautiful to build their retail business near downtown Grove City. The store literally is a one-stop-shop for home décor, fireplace and chimney needs. Jeremy explained they are able to guide customers through the process every step of the way, beginning with helping customers determine their needs all the way through planning, installation and even through decorating the mantle and the room around it.

A trained chemical engineer, Jeremy has enjoyed a diverse career, doing everything from retail to MRDD casework. But it was in Nashville where the London, Ohio native moved to find a fresh start that he found his calling as a chimney sweep about twenty years ago.  “Every day is a different home.  Every day I meet different people and I get to do something different every single day,” Jeremy said.

The road to this retail location was a long one and to really understand it, you have to go back to high school. Jeremy and Danielle were high school sweethearts. He says he was in love with her then. She says he was her best friend. Over time, they went their separate ways. While his career took him different places, she got married and was stay-at-home-mom to three children before divorcing.

fb2.JPGSeveral years passed before they reconnected on Myspace and rekindled their friendship which grew into romance.  They have been married for five years.

In 2016, the two decided to branch out his chimney sweeping business to the retail space they have today. “She had always wanted to do home décor and me with my fireplaces and stoves – it just made sense,” Jeremy said.

Danielle said they located the building, which was once the city’s popular Kentucky Fried Chicken, and set to work on an extensive renovation project to make the storefront suit their needs. They opened in 2017 and have been growing ever since.

The store is beautiful and welcoming, featuring a variety of home décor items with various textures, colors and scents, all arranged to compliment the fireplaces on display. “We want you to get a feel for what it’s like to live with a fireplace so we want you to come in and sit down. You’re able to see how you might decorate the mantle or arrange chairs around the fireplace so you can imagine what it would be like in your own home,” Danielle said.

She likes décor pieces that are unique and different than those found in most stores. “I like to hunt flea markets and barn sales and antique malls to find just the right piece,” she said. “You don’t want to have the same things that everyone else has,” she said describing her style to include everything from industrial and barn look to boho chic.

Inventory includes pillows, blankets, seasonal décor, vintage and antique items as well as a number of interesting candles from brands like Firefly Creek, Marcus Alan and the Columbus based Small Batch Candle Company. Handmade candles in great containers that were created by her daughter and niece are very popular too. In addition, she and her daughter collaborate on handmade custom wood trays that are perfect for centerpieces.

They also have on display a number of fireplaces and stoves– wood, propane and gas log burning styles as well as outdoor fire pits and gas grills. Plus, they have the expertise to back up any product you purchase. Product brands include Regency, Majestic, R.H. Peterson and Monessen. Customers are especially impressed with Music City Fire Tables which use Bluetooth to stream music and then coordinate the fire to react to the energy of the music.

fb6.JPG“The first step is we’ll come out and look at what you have already. I don’t want to sell you something  until I know what you have. When we come out, we can recommend the size and type of product you need for your home,” Jeremy said.

They also do all of the installation and can even lay brick or stone around the fireplace if that is what the customer wants. Then Danielle can step in and help make the room flow around it. “That’s the difference between us and the other stores. We don’t just sell you a product, we make that product a part of your home,” he said.

He has a number of horror stories of customers who attempted to DIY a stove or fireplace project, only to call in a professional when it wasn’t as easy as home and garden television shows made it seem. “When it comes to something like this, it’s best not to rely on Google for advice. Find a professional to help you. Find someone who knows what they’re doing and that you can trust to do it right the first time,” he said.

They also provide services including chimney sweeping, even for products they did not sell or install.

Broadway Fireplace and Décor is located at 3827 Broadway in Grove City. Call them at 614.277.8340. Click here to visit their website or here to follow them on Facebook.

Be sure to stop by for their Christmas Open House on Saturday, November 3 from 9 a.m. to 7 p.m. They will have music, door prizes and shopping for unique vintage, Christmas and handmade décor. Enjoy refreshments, including a complimentary glass of wine by the fire! Plus, Legacy Smokehouse Food Truck will be available at the open house from noon to 4 p.m.

See below for a slideshow of more pictures from Broadway Fireplace and Decor!

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Get Smart About Credit

The American Bankers Association sponsors a program called Get Smart About Credit. We take this program into several local high schools throughout the school year, hoping to educate young people about how credit affects all aspects of their life.

Since October 18 is Get Smart About Credit Day we thought it would be a good idea to provide a crash course in credit for our readers by debunking some common myths.

MYTH #1 – I don’t use credit cards so I don’t need a credit score.
Your credit score is enormously important to your financial health and impacts more than just your ability to get a credit card. In fact, your credit rating affects many aspects of your life that you may not consider. Your ability to get a job, to insure a home, to borrow money and to get a cell phone contract are impacted by your credit score. With a mediocre or poor credit score, a consumer may be able to borrow money but may only qualify for a higher interest rate than a consumer with good credit.

MYTH #2 – Credit is tied to how much money I have.
Credit has nothing to do with how much money you have in the bank. A consumer who earns $35,000 a year has the same ability to earn an excellent credit rating as someone who earns $350,000. It’s not about how much wealth you have but it is about how you manage your credit usage.

MYTH #3 – Debit cards will help my credit
A debit card is attached to your checking account. That means you are simply accessing your own funds rather than borrowing money like you would with a credit card. Using a debit card will not improve your credit score.

MYTH #4 – Closing a credit card will help my score.
Closing an unused credit card will not help your score. In fact, it could actually hurt your credit score because closing a credit card lowers your total available credit. Since credit utilization and the debt-to-credit ratio are big factors in your credit score, lowering your available credit is detrimental to your credit health. In other words, it reflects more favorably on a credit report to use $500 worth of $3,000 in available credit than to use $500 of $1,000 in available credit.

MYTH #5 – Once a credit score is bad, it cannot be rebuilt
Fortunately, credit can be rebuilt over time. A credit report is really just credit history. It keeps a record of all credit opened in a consumer’s name and whether each item is closed, active or inactive. Rebuilding credit isn’t always easy but it can be done with easy tasks like paying bills on time and playing close attention to the amount of debt carried each month.

What questions do you have about credit? Tell us in the comments!