What’s Does Your Credit Rating Mean to You?

Since good credit is such a valuable financial tool, you'll want to protect yours so that it's there for you when you need it.

You may have thought you got the last report card of your life when you graduated from school. But then there are credit reports, which actually grade you on how you pay your bills. Just the way a good report card helped get you into the school or the job you wanted, a good credit report can help you get things you need, like: a mortgage, a credit card, a loan, better terms on the money you borrow, an apartment, automobile, or even a new job.

Since good credit is such a valuable financial tool, you'll want to protect yours so that it's there for you when you need it.

Get Your Free Credit Report
YOU are the first line of defense in keeping your credit safe. If you haven’t obtained a recent copy of your credit report, that is the first step. Visit www.annualcreditreport.com for a free report from all three credit reporting bureaus. If you see errors on your report, dispute these with each bureau. Instructions on how to do so are at each site.

Making all of your payments on time and keeping your credit balances low are the two most important factors in achieving a strong credit rating.  If possible keep your outstanding balances to no more than 10% of your available credit for revolving loans.

Free Seminars
BECU offers free educational seminars on a variety of topics, including Understanding Credit Reports. To find a seminar near you, visit www.becu.org/seminars.