7 17 Credit Union’s Post

Good article on what impacts your credit score and how to use credit so your score is not negatively impacted #creditscore #debt #consumerproposal https://lnkd.in/g7cnH7ve

Having a fair credit score means you might struggle to get approved for the best credit cards on the market. Lenders might also charge you higher interest rates on other financial products, like personal loans or mortgages compared to consumers with higher credit scores. I enjoyed writing this article for Fortune Recommends. This guide can help readers evaluate if they have a fair credit score, and discover some helpful options if that's the case. https://lnkd.in/eEceAJpN #CreditWriter #CreditScore #CreditExpert #CreditCards

Some good tips on credit scores. Thanks for sharing Ilan!

Did you know that nearly 45% of Americans rely on credit cards for their personal financing needs? 📊 This statistic from a recent article sheds light on the significant role of credit in our daily finances. Understanding how credit works is essential, especially when it comes to managing expenses effectively. The piece explores various types of lines of credit, their purposes, and how to utilize them wisely. It makes you consider whether you're leveraging credit to your advantage or navigating potential pitfalls. Credit isn’t just a financial tool; it shapes our spending habits and financial futures. How do you view your relationship with credit? Are you cautious or confident when it comes to using credit lines? Share your thoughts! 💬 #PersonalFinance #CreditManagement #FinancialLiteracy #MoneyMatters https://lnkd.in/gBFDuEz

Improve Your Credit Score Immediately Your credit score is of prime importance when it comes to accessing credit, loans and advances. Your credit records actually decide your propensity to get a loan, to get favourable interest rates and the loan amount and tenure. It is built over a period of time, reflecting your financial habits, discipline and health. If you have a not so good credit score, say below 700, then it is high time that you take a look at your scores, and take steps to improve them quickly, or at the earliest. This article will not only help you to increase your credit scores, but will also help you to plan your financial activities, future payments, and buying of credit products, as you will be informed on how the credit scores work and how they are calculated. Working on them doesn’t take much of your time, but having the knowledge on how to improve them is important. #creditscore https://lnkd.in/dk9M7Zzk

Credit Score vs. Credit Report: What's the Difference? Note: Here's what you need to know about your credit score vs credit report. https://lnkd.in/ehSCPWhi #personalfinance #creditcard #creditscore #moneymanagement #taxplanning #wealthplanning #creditreport

Credit Score vs. Credit Report: What's the Difference? Note: Here's what you need to know about your credit score vs credit report. https://lnkd.in/ehSCPWhi #personalfinance #creditcard #creditscore #moneymanagement #taxplanning #wealthplanning #creditreport

3 Unexpected Ways You Could Hurt Your Credit Score https://lnkd.in/gMeFvpX7 Aware of the unexpected ways your credit score could take a hit? The Globe and Mail's recent article highlights three less obvious actions that might negatively affect your creditworthiness. Understanding these can help safeguard your financial future.  For tailored strategies to maintain or enhance your credit score, Credit Achievers is here to guide you. Maximize your credit potential: https://lnkd.in/eC_xaqwW #CreditScore #FinancialTips #CreditManagement #AvoidMistakes #CreditAchievers

What are the 5 major factors that affect your credit score? 💡  Discover how payment history, credit utilisation, credit mix, credit age, and inquiries influence your financial future. - Timely bill payments are essential for a good credit score. - Keep your credit balances low to enhance your credit rating. - Diversify your credit portfolio for a positive impact. - A longer credit history signals stability and lowers credit risk. - Limit credit inquiries to protect your credit score. Don't miss out! Read now: https://bit.ly/3OPSGq0 #CreditRating #FinancialWellness