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Credit Score

Top 5 Financial Resolutions for the New Year

Top 5 Financial Resolutions for the New Year

Posted On: December 27, 2021 by CSE Federal Credit Union in: Budgeting, CSE, Education, General

 

Over the course of the past year or two, you may have not been able to truly give your finances the attention they needed. We hunkered down and focused on our physical health, our work, or maybe the lack thereof which may have caused other stressors.

Your financial health can be linked with physical health and when you focus on your finances, you’d be surprised how other things seem to start looking up too. If your finances aren’t in the best spot, your physical...

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Tags: Budgeting, Credit Score, Credit Union, CSE, CSE FCU, CSE Federal Credit Union, Finances, Financial Resolutions, New Year, New Year's Resolutions

How a Credit Card Works

How a Credit Card Works

Posted On: August 18, 2021 by CSE Federal Credit Union in: Credit Cards, Debit & Credit Cards, Education, General

 

Credit cards are often used for a number of reasons, from the convenience of not carrying around cash, earning rewards with every transaction, or simply so you can make many or large purchases without worrying about it coming out of your account right away.

Although a credit card may be used similarly to a debit card, it works very different.

 

How credit cards work:

When you get a credit card it is set with a credit limit, or the amount...

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Tags: Credit Card, Credit Cards, Credit Score, Credit Unions, CSE, CSE FCU, CSE Federal Credit Union

Why does credit score matter?

Why does credit score matter?

Posted On: July 14, 2021 by CSE Federal Credit Union in: Budgeting, Credit Cards, CSE, Education, General, Lending

 

Credit score isn’t one of those topics you bring up during dinner, but maybe it should be. Many people don’t realize how important credit actually is and the impact your credit score makes in the grand scheme of your finances. Think of your credit score like a report card, your financial report card - one that will follow you through your entire life. You are the one in control of your credit, so make sure you are doing the best things possible to improve your score...

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Tags: Credit, Credit Score, CSE, CSE FCU, CSE Federal Credit Union, CSE Loans, CSE News

Building & Repairing Credit Score

Building & Repairing Credit Score

Posted On: May 19, 2021 by CSE Federal Credit Union in: Budgeting, CSE, CSE News, Education, General, Lending

 

A credit score is a number that is used by financial institutions and/or credit card companies to determine the level of risk for a person when issuing a loan or credit card. A person’s credit score may influence the limit of credit available to them, as well as the term, length, and interest rate of a loan.

One of the first items that you (or a potential creditor) will see when looking at a credit report is your credit score: a number between 350 to 850. Generally,...

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Tags: Building Credit, Credit Score, CSE, CSE FCU, CSE Federal Credit Union, CSE News, Repairing Credit

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