The biggest consumer borrowing risks are default risk and interest rate risk. Default risk means missing payments, which can hurt your credit score or result in late fees. Interest rate risk refers to interest rates going up, which can increase your payments if you have a variable loan. But don’t worry — even though taking out a consumer loan means shouldering some amount of risk, your Needham Bank experts are here to guide you!
The credit card portal you’re currently accessing will be discontinued. Going forward, you’ll manage your card through NB My Cards.