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Tip of the Month

Your Credit Score

How to Boost Your Credit Score

Your credit score can be viewed by lenders, insurance agents, landlords, and even prospective employers. If your score is low, it can cost you thousands of dollars in higher loan rates and insurance premiums. So it’s definitely worth some time and effort to keep your score as high as possible.

Here are some simple steps you can take right now:

  • Pay your bills on time. It’s simple advice, but it's the single most important thing you can do to establish good credit.
  • Order your free credit report by visiting www.annualcreditreport.com. Correct any errors immediately.
  • If you have outstanding debt, contact your creditors and ask if they will work out a repayment plan with you.
  • Limit your credit card use. Cut up high–rate cards and transfer your balances to a low, fixed–rate Visa card from Service 1 Federal Credit Union.
  • As us for help. We’ll be happy to sit down with you and discuss your options.
  • To learn more, visit www.equifax.com and click on "Learning."