When It Comes to Your Credit, Do You Know the Score?
It pays to have good credit. How? The difference between getting a loan with a low interest rate vs. getting a loan with a high interest rate could mean thousands of extra dollars in interest payments over the life of the loan.
Your credit score is based on how you use credit, and it’s a number you can control. Unfortunately, many people don’t understand the long-term consequences of their day-to-day financial decisions.
Building a strong credit history means more than getting approved for a credit card. It means paying all bills on time, keeping a lid on how much you owe to other people, responsible credit use over a long period of time, and having a healthy mix of credit over time. Your credit history—good or bad—follows you throughout your lifetime and has a significant impact on your family’s well-being and overall bottom line.
ETMA Federal Credit Union wants to give you the tools to lay a solid foundation for your future. CreditAbility is geared toward individuals and families who are just beginning their financial life, as well as those who may have gotten side-tracked along the way and need to start fresh for whatever reason, or those who want to make sure they’re on the right track.
To obtain your free credit report, analysis, and CreditAbility handout, visit www.etmafcu.coop and complete the request form (see top of page). You can drop the completed form by 1828 Airbase Rd or fax to 865-970-0064, and an ETMA representative will complete a no cost summary of tips to improve your credit score
This service is provided free of charge with no obligation.
