Good credit is a valuable tool that enables you to borrow funds to pay for large purchases such as a home, car or college education. If not managed properly, credit can create serious issues including leading people into debt they are unable to repay. Information stays on your report for up to seven years, so the mistakes you make now can prevent you from getting a credit card, auto loan or mortgage for years to come. Establishing responsible habits and maintaining good credit history is key to a healthy financial present and future.
Lean how your credit can affect your ability to borrow.
Learn MoreMost creditors use a FICO score (Fair Isaac Corporation) to determine your creditworthiness. Scores range from 300 to 850. A high score indicates that you are financially healthy; a low score indicates a high financial risk. To find out your score, visit www.myfico.com.
You can receive a free copy of your credit report from each of the three credit reporting bureaus each year at www.annualcreditreport.com. You’ll want to thoroughly review each report to ensure that the information listed is accurate.
It’s easy to get caught up in wanting to “keep up with the Joneses”. But taking on more than you can handle will only hurt you in the long run.
"Before you spend one dime of your paycheck, take your cut, right off the top. No questions. No excuses. You are the most important creditor you have."
Learn More