facebook Credit Score Archives - Georgia Heritage Federal Credit Union
Routing Number: 261271694

Tag: Credit Score

Building your credit rating takes time, but it's possible when you pay your bills on time and open various lines of credit. In this image, a credit score of 752 is shown on a cellphone screen.

If you have struggled in the past, building your credit rating may sound like an insurmountable task. But it’s not. You can improve your credit score and your overall quality of life. A moderate or high credit score can significantly improve your ability to obtain car loans, obtain a home mortgage, or even rent a hotel room. If you have a low credit score or no credit, on the other hand, you may face many obstacles in obtaining things that are commonplace in everyday living....

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Credit score ranges can be confusing.

If you are a young adult who has just begun to become financially independent, you may be wondering what the credit score ranges really mean. Following is a brief explanation of the numbers from two of the major credit scoring companies: FICO and VantageScore. The Differences Between FICO and VantageScore Let’s start with a simple explanation of the key differences between FICO and VantageScore. FICO – which originally stood for Fair, Isaac and Company – was founded in 1956 and has been the credit scoring...

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Having a high credit score may help you when you are trying to obtain a loan.

The early summer months are the busiest times to purchase a home, which means you might be in the home buying market. In order to get the best deal, a high credit score is imperative. As described by the U.S. government website, “a credit score is a number that rates your credit risk. It can help creditors determine whether to give you credit, decide the terms they offer, or the interest rate you pay.” That means that having a high score is incredibly beneficial. What...

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You can dispute credit card charges if you are concerned about errors.

There are many reasons why you may need to dispute credit card charges, such as a business you used accidentally overcharging you or a scammer fraudulently buying tickets around the world in your name. The federal Fair Credit Billing Act (FCBA) protects consumers and credit card companies in regard to billing errors. Such errors include charges with the wrong date or amount; charges you didn’t make; mathematical errors; payments that are not posted; unauthorized charges; and recurring charges that were not made clear to you....

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If you're planning to buy a house, there are several home loan documents you may need to start the process.

If you’re buying a house and plan to obtain a home loan through our credit union and AmeriCU Mortgage, we think you’re making a wise decision. We’ll be here to help walk you through the loan process. The first few steps would be for you to obtain certain home loan documents. Getting a hold of these documents early will help the homebuying process move smoothly and efficiently. 7 Home Loan Documents or Resources You May Need to Have 1. Proof of Income You may need...

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There are many advantages of obtaining an auto loan from a credit union.

Are you thinking about cruising through 2019 in a new (or new to you) car? One way to get that new ride is through an automobile loan. In fact, if you’re considering taking that route, consider obtaining an auto loan from a credit union specifically, as they offer numerous advantages. What to Do Before Applying for an Auto Loan In general, before applying for an auto loan, you should keep the following steps in mind: 1. Know your own credit score and credit history, as well...

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Strategically paying down credit card balances can help you manage your money and improve your credit score.

Having a credit card or two, along with fixed loans, can be good for your credit score – as long as you control your balances and make your payments on time. When it comes to credit cards, we know how easy it can be for your debt to spiral out of control, but smart strategies for paying down credit card balances can help you prevent this from happening. Tips for Paying Down Credit Card Balances Whether you’ve already found yourself in debt or want to...

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credit score numbers

People you do business with may know your credit score. Do you? Creditors and insurance agencies often check your credit score numbers upon beginning a relationship with you. They also periodically check the scores to see if other products might suit your needs or just to ensure you’re still in good standing credit wise. Knowing where you stand is important for you too. There are three major credit bureaus: TransUnion, Equifax, and Experian. Information is submitted to each individual bureau separately, so your credit report and credit score...

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improving credit score

Improving your credit score is important if you ever want to purchase a home or a car, and potential employers may check your score before a hiring decision. But did you know your credit score can also impact your access to necessities like rent, utilities, or phone service? People with low credit scores often pay higher rates for these services – if they manage to secure them at all. If your score isn't up to par, there are several steps you can take to improve...

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