“There’s no way to sugarcoat today’s weak jobs report,” Robert Frick, an economist at Navy Federal Credit Union, told CNBC(1) when the Bureau of Labor Statistics released its November jobs report. The rate of job growth is decelerating, and the country is still 10 million jobs short of its pre-COVID levels—a bigger downturn than even …
Community Investment Management and FinTech Company Brigit Partner to Help Americans Improve their Financial Health Impact investment firm Community Investment Management provides leading social impact financial technology company Brigit with $75 million so members can manage their finances without incurring overdraft fees or turning to predatory payday lenders—an essential service as the pandemic exacerbates the …
Holistic financial health app Brigit helps members save over $250 million since its launch and raises $35 million in Series A funding Despite the all-time highs of the stock market over the last decade, financial inequality in the U.S. has continued to rise, with 78 percent of American workers currently living paycheck to paycheck. The …
Every borrower and financially aware individual knows how important a credit score is. It is one of the factors that significantly affect a person’s likelihood to get approved for a loan. If you are in the lowest credit score range and you get approved for a loan, your interest rates and monthly payments will be high. …
We’ve all been there. We’re at a restaurant or out shopping and we realize it’s cash only! We look in our wallet and we don’t have enough to cover our meal or buy that item that catches our eye. If we go to the ATM we might have to pay a fee which might be …
There’s a big demand on the dark web for personal information that can be used to commit identity theft and other cybercrimes. Fraudsters specializing in identity theft will try really hard to get their hands on your personal information, such as your Social Security number, credit card numbers, or date of birth. Once identity thieves …
Last month we helped Brigit members check up their financial health with the Brigit FinPulse Survey. We at Brigit believe that your financial health is just as important as your physical health. This survey was designed as a subtle reminder to check your financial health and take actionable steps to improve it. Are you ready …
Did you know? There is currently $42 billion of unclaimed property in the United States and this money has grown into a major revenue stream for many states every year. Typically unclaimed funds and property are handed over to the state the assets are located in, after a dormancy period has passed. What is unclaimed money? Unclaimed …
With all the technology available to us now, identity theft has been on the rise. Americans are becoming increasingly aware of the risk of scams, fraud, and identity theft that could occur during this time. Scammers have unleashed new ways of stealing the identities of the people who most need help. How identity theft can affect …
Credit score— the 3 digit magic number that controls your future. While you probably have a general idea of what your credit score means, some things that affect your credit score may surprise you. Your Payment History Payment history is the main factor affecting your credit score. It accounts for about 35% of your credit score for many …
The coronavirus pandemic has turned many people’s financial lives upside down. But, with the news of coronavirus vaccine trial announcements by companies like Moderna and AstraZeneca is giving us some hope. Many of you may have delayed your major purchases, you will need good credit when you eventually want to start spending again. It’s very …
At Brigit, we are committed to doing everything we can to support you during these difficult times. With that in mind, one of our team members decided to verify the top three cellphone service providers COVID-19 resources. We called all the phone numbers listed on their website, used their online chats, and have put together …