Credit Rating ...
Your good credit rating is one of the most valuable financial tools you can possess. A good credit rating helps pave the way for financial growth and security by establishing access to home loans, auto loans, personal or emergency loans and credit cards. In todayıs society, access to credit is indispensable ... and safeguarding your credit is simple:
- Make loan payments on time, and in the correct amounts.
- Avoid overextending your credit ... unsolicited credit cards that arrive by mail may be tempting to use, but credit card debt mounts up quickly. Think before you charge!
- If you encounter any problems repaying your debts, always call your creditor to make repayment arrangements. Never ignore past-due bills.
- Verify your credit reports annually to confirm that all accounts are yours and that they are listed accurately. Go to AnnualCreditReport.com. It's free to request and view your credit report annually.
Emergency Funds ...
It's always a good idea to establish a savings cushion equal to a minimum of three months salary, preferably six months. It's also prudent to establish a preapproved credit line so that, if an when an emergency arises, you'll have immediate access to funds.
UCU offers competitive rates for savings and investment accounts, as well as preapproved line-of-credit loans that cost nothing until funds are actually advanced. For more information or personalized assistance, we invite you to call or stop by our office.