Are you interested in investing on Fort Myers or Cape Coral properties? If you are planning to apply for a loan, you need to have a good credit history. Credit history is important when trying to obtain a credit card or any type of loans. According to Jeremy Vohwinkle, a financial investor and retirement planning specialists, the first thing you need to do is to open and maintain a checking and possibly even a savings account at your local bank. An active and a good standing bank account means you are able to manage your finances wisely. Although, bank accounts are not classically part of the credit score, lenders may use this information to find out whether or not you are a credit risk.
According to Florida Weekly, the Federal Deposit Insurance Corp., which tracks banks deposits, reported that from June 30, 2011 to June 30, 2012, deposits were up by 4.6 percent across Southwest Florida. Robbie Roepstorff, president of Edison National Bank in Lee County, thinks that this is a good thing. That reaction is echoed by others who saw the increase in deposits.
Dr. Gary Jackson, director of the Regional Economic Research Institute and an assistant professor of economics at Florida Gulf Coast University said that “In the long-run, savings is very important. Money is translated into investments.” Those investments can be in anything from a new house or a business to buying a new gadget or home electronics.
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