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Seven tips to improve your credit

Seven tips to improve your credit

Pay your bills on time All of them, every time, period.  Keep your credit utilization rate low “Weigh account balances relative to credit limit to ensure usage is at or below @ 10%,” stated John Ulzheimer, credit expert, formerly of FICO and Equifax. If higher than 10%, it is an indication of possible added risk. Those consumers having the highest average FICO scores have a utilization of 7%.FICO’s scoring systems don’t differentiate between those who pay revolving credit sources, e.g. credit cards, in full each month and those who carry a balance. A utilization rate at the time a lender...

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Debit Card Fraud

Debit Card Fraud

DuTrac Community Credit Union was recently made aware of fraudsters contacting members under the guise of warning you about possible...

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