When It Comes to Your Credit, Do You Know the Score?
It pays to have good credit, particularly in tough economic times. Why? The difference between getting a loan with a low interest rate vs. getting a loan with a high interest rate could cost you 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.
River City Federal Credit Union wants to give you the tools to lay a solid foundation for your future. Join us for our upcoming member seminar.
There’s no cost to attend. The seminar 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.
At the seminar, you’ll learn who needs to build good credit and why, the significance of your credit report and credit score, how to establish credit if you don’t have any, how to rebuild a good credit history, tips for using credit wisely, pitfalls that could cost you plenty, and your rights and responsibilities when it comes to important legislation like the CARD Act. You’ll learn how to evaluate your own situation by discussing a case study—an individual not unlike others who didn’t understand the implications of early financial decisions on the ability to get credit down the road.
CreditAbility: Build a Strong Credit History
Wednesday, September 23, 2015
5:30 – 6:30 p.m.
Must be a member to attend. One registration per member.