March is Credit Education Month!

Your credit score can impact your life in a lot of ways. It’s not just about being able to buy your dream car or home in the future, its about understanding and building your score today. Good credit plays a key role in building wealth, managing personal finances, breaking cycles of poverty, and living a stress-free life. 

 

Your credit score is what lenders will see when you apply for any type of loan or credit card. It is used as an indicator of your financial responsibility. It can tell anyone who is going to lend you money how likely you are to pay back that loan. Start with the basics, understanding credit can be confusing but we are here to help. 

 

 

Credit education plays a huge role in empowering individuals to be financially independent. With credit education comes avoiding unnecessary debt, creating and achieving long term financial goals, and setting yourself up for success in the future. The right information can help you understand how to build credit in a smart way and maintain it responsibly. At Credit Union West, we have the resources to get you on a path to financial independence. Our Community Impact Team provides financial education classes to make sure you can reach your credit goals with confidence. 

 

 

It’s no secret that your credit score directly impacts that type of loan you can get at a bank or credit union, but why does this matter? Typically, better loan products come with all sorts of benefits including, lower interest rates, flexible terms, increased rewards, and higher borrowing amounts. All these things can save you money in the long run. As you begin to understand what different products are out there, know that an appointment with one of our experts is just a click away. 

 

 

Knowing how to check your credit score can keep you from becoming a victim of fraud. There are a number of ways to identify red flags on a credit report, but the first step is knowing where to look and what to look for. You can check your credit score and report anytime with our credit reporting service in Mobile and Online Banking. 

 

At Credit Union West, our mission is to help our members achieve their financial goals and improve their lives. That’s why we believe in providing free access to financial education and your credit score.