c2cfcu members can now receive text alerts
Your credit score can have a major impact on your life. Not only do creditors typically check your score when deciding whether or not to approve your loan application and what interest rate to charge you if you are approved, but landlords, insurance companies, and even employers often check it as well. Having a good score can help you achieve your goals quickly and at the lowest possible cost.
|WHAT AFFECTS MY SCORE:||HOW IT AFFECTS MY SCORE:|
|New credit inquiry||- 5 points|
|New trade line||- 10 points|
|Medical/utility collection item||- 30 to 60 points|
|30 day late payment||- 60 points|
|Bring 30 day late payment||+ 40 points|
|Pay off a maxed out credit card||+ 50 points (maximum) in 60 days|
|Close trade line||- 50 points|
|Dispute item on credit report||- 20 points (maximum)|
|Repossession/charge off account||- 150 points (maximum)|
|Judgement listing||- 60 points|
c2cfcu strongly encourages all members to review their credit report annually. Visit www.AnnualCreditReport.com and get a free copy of your credit report every 12 months from each credit reporting company.