Credit is an influential factor not only in financial planning — but life. A good credit report can enable you to take out a loan for a new house or car and get your dream job, while a poor credit score has the ability to limit those chances and impact you for the foreseeable future.
Whether you are just starting out or are looking to improve upon a less-than-satisfactory score, here are three ways in which you can partner with a credit union to build or reestablish your credit.
- One-on-One Counseling
Putting members first is a core principle of credit unions and they are committed to helping you achieve your financial goals. From analyzing your credit report, budget, and outstanding debt to determining actionable next steps in paying down your expenses, credit unions are here for you. If you feel the weight of unnecessary monthly bills on your shoulders, give credit union counselors a chance to help you pare down and build your credit score. As an APGFCU member, this service is offered at no cost!
- Education, Education, Education
Take advantage of the free online and in-person tools, resources, and courses credit unions offer members. These educational workshops cover financial topics ranging from planning for college to saving a nest egg for retirement. Learn credit report best practices, common do’s and don’ts, and how to effectively and efficiently build your score to its peak.
- Get a Secured Credit Card
Credit cards are a great way to establish credit through a solid repayment record. Your funds are held in a secure savings account while you get to enjoy the “shop and swipe” ease and convenience of a credit card. Simply pay your balance in full or make on-time monthly payments to raise your credit score. Check out our credit card rates and choose the APGFCU Visa card that fits your style.
Are you ready to partner with a credit union to establish or boost your credit report? APGFCU offers tools and resources to help your credit soar, including our Credit Builder Loan program with reasonable interest rates and manageable repayment periods. Give us a call at 800-225-2555 or visit our website to get started.