Credit Monitoring & Enhancement
At Premier Federal Credit Union, it is one of our many goals to help you protect your good credit. One of the best ways to combat identity theft is by regularly monitoring your credit report for changes. This also allows you the opportunity to ensure the accuracy of what is being reported about you.
Free Credit Report
Don’t forget, you can obtain a free copy of your credit report once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.
Credit Monitoring
Premier FCU offers three great products from Equifax to help you monitor your credit report.
Credit Enhancement
Whether you have an exceptional credit record, or a record with a few blemishes, Premier Federal Credit Union is dedicated to helping you improve it. Our Member Services Representatives are happy to walk you through your credit report step by step and give you some pointers on how you can improve each area. Some things you may not know about your credit score:
- Closing old credit cards can actually hurt your credit
- Applying for credit at many different places (ex. department stores, mail offers, banks, car dealerships) within a short amount of time can damage your credit.
- Consolidating your credit cards into an installment loans can help increase your credit score.
- Your income does not affect your score.
- How long you have been at your current job or residence does not affect your score.
Here are some major areas that will affect your credit score:
- Payment History - How responsible have you been in paying bills on time?
- Capacity & Length - How well do you manage your credit and how long have you had credit?
- How fast are you accumulating debt?
- How much Revolving Debt (like credit cards) do you have vs. the Installment Debt (like Auto Loans or Mortgages) you have?
Stop by your local branch or call and ask how we can help you enhance your credit score! It is our pleasure to assist you in the first steps to improving your credit score!
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