Charting Your Path
Understanding your credit report.
Your FICO® score is one of the most important numbers you'll ever have. A low score can keep you from getting approved for a loan or from being able to rent an apartment. And it will probably cost you more in insurance premiums, loan rates and can even prevent you from being considered for a job.
When creditors look at your FICO® score, they are literally assessing your "creditworthiness," or your ability to pay them back. The higher your score, the lower a risk you are and the lower the loan rates you'll be able to get if you are approved for a loan.
Here's a general guideline of how creditors rate you based on your credit score:
This online booklet, Understanding Your FICO® Score, provides extensive information on what makes up your credit score and your score impacts your life. We encourage you to read it, and we're pretty sure that it will be a real eye-opener.
If you've already had some setbacks that have damaged your score, give us a call or stop by the branch. We'll help you Chart Your Path to rebuilding your credit and strengthening your score.