Portland Banks or Credit Unions?

Posted by Malot Gina on March 25th, 2017

This is definitely one of the most challenging questions that you need to ask yourself when you know that you want to apply for a loan, but are not really sure about the financial institution that can cater to your needs. Before making any final decisions, it would be recommended that you do a bit of research and compare both Portland banks and the Oregon credit union that can help you get the money that you require. Find out which of them can offer you more suitable advantages first.

Let’s say that you have always been a bank customer and intend on staying this way. Well, before you say no to credit unions, you might want to learn that bank consultants give advice based on the level of commission that they are looking to achieve. What does this mean? These institutions work on a different system than an Oregon credit union. Professionals that work here are asked to promote a variety of services that might not completely match the requirements of their customers, in exchange for some sort of compensation.

So, even though Portland banks consultants seem to be guiding you towards the best financial solution, they are actually trying to convince you to opt for a product that will bring them the highest commission. This is how banks work. You will not learn about all the fees and services that are part of the package; that you will pay for but will not need until it is too late and you have already signed the papers. At the same time, if your credit score is not too great, you might not be able to apply for a loan in the first place.

The right Oregon credit union is quite the opposite. When you ask for financial advice from a consultant that works here, you will benefit from an honest, professional opinion that will help you see your options from just the right perspective. While opting for the financial products offered by credit unions, you do not do it as a client, but as a valued member, a co-owner of the institution. You can be certain that the consultant will guide you towards a solution that will allow you to get the loan you need and pay the lowest interest rate.

The best part of it all is that, as opposed to Portland banks, a credit union will not try to convince you to sign any papers before you get all of your questions answered. Also, there will be no hidden fees or unnecessary services that you will need to pay for every month. If you are worried about your credit score, don’t think about it too much. Just visit a credit union.

Resource box: As you can obviously see, when it comes to applying for a loan or dealing with a credit score that will prevent Portland banks from helping you, it would be best if you simple became the member of an Oregon credit union. You can learn more about the right financial institution by visiting our website right now!

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Malot Gina

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Malot Gina
Joined: March 13th, 2017
Articles Posted: 309

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