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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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Making a Budget

Making a Budget

Making a budget is the most important step in controlling your money. A budget allows you to track your Income...

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DuTrac names Mini-Grant winners

DuTrac names Mini-Grant winners

Congratulations to the 25 winners of the DuTrac Community Credit Union Back-to-School Mini-Grants! DuTrac annually provides funds to help local...

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Five Steps to Credit Repair

Five Steps to Credit Repair

The first step is to understand how credit works and begin making a plan. Lock away your credit cards. Now,...

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