Solutions for Less Than Perfect Credit

Your credit score is what credit unions, banks and other financial institutions use to determine whether you are likely to pay back your debts. If you have a high credit score, then you’re seen as more trustworthy. As a result, you have a better chance of getting approved for a credit card or loan and you may qualify for a lower interest rate or a higher credit limit.

Your credit score can also impact other areas of your life. Landlords, employers and insurance companies may look at your credit score as a way to determine whether you are financially responsible and trustworthy.

You can request a free copy of your credit report once a year by visiting AnnualCreditReport.com or by calling 877-322-8228. It’s a good idea to review it regularly to see how you’re doing and ensure that your report is accurate.

In some cases, taking out a new loan or refinancing an existing loan could lower your interest rate or reduce your monthly payment. Consolidating your credit card and other revolving debts into a fixed-rate, fixed-term loan might also help. However, there are many factors to consider, so it’s important to weigh your options. We’re here to help if you have questions or need advice.