Financial Advice

Understand Your Credit

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  • WhatstheIdealCreditScoreforHomeLoans_web_thumbnail_250x250
    Buy & Own a Home · Understand Your Credit

    What’s the Ideal Credit Score for Home Loans?

    Used wisely, credit can be an excellent tool for helping you achieve your financial goals. To help put you on that path, we’ve collected some of the questions our representatives are asked most often, along with the answers.

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  • ACloserLookAtCredit_web_thumbnail_250x250
    Understand Your Credit

    A Closer Look at Credit

    Used wisely, credit can be an excellent tool for helping you achieve your financial goals. To help put you on that path, we’ve collected some of the questions our representatives are asked most often, along with the answers.

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  • AvoidPayDayLoans_web_thumbnail_250x250
    Conquer Financial Challenges · Understand Your Credit

    Four Steps to Avoid the Payday Loan Trap

    If ever you find yourself in a difficult financial situation, you might be tempted to take out a payday loan. But this is most likely not your best option. Consider these four tips to avoid the payday loan trap.

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  • Credit101WaystoBorrowMoney_web_thumbnail_250x250
    Understand Your Credit

    Credit 101: Ways to Borrow Money

    Have you ever wondered about the differences between credit cards, lines of credit, and personal loans? Discover the pros and cons of each of these ways to gain cash.

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  • HowtoRaiseYourCreditScoreinThreeEasySteps_web_thumbnail_250x250
    Understand Your Credit

    How to Raise Your Credit Score in Three Easy Steps

    If you take the time to monitor your accounts, pay off your debt, and be timely about paying your bills, you can prove that you are credit-worthy over time.

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  • Illustration of a rating system going from poor to excellent.
    Understand Your Credit

    Improve Your Finances with a Personal Loan

    Learn how a personal loan could be a great tool to help you improve your finances, whether you’re raising your credit rating, paying off debt, or trying to reach the next phase in your financial journey.

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  • credit card
    Understand Your Credit

    The Benefits and Challenges of Credit Cards

    Getting a credit card is an important decision that can significantly impact your overall credit health. Consider these reasons for and against before you make your final decision.

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  • Couple in a shop
    Understand Your Credit

    UFCU Now Offers Business Loans

    If you’re confused about auto insurance (liability minimums, maximums, or terminology in general) this article is for you.

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  • 5 Tips for Improving Your Credit Score
    Understand Your Credit

    Five Tips for Improving Your Credit Score

    Almost everyone has a credit card, but if you’re not using them wisely, you might be doing more harm than good. Are you using your credit cards wisely? These five tips are essential if you’re looking to improve your credit score or maintain good credit.

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  • Understand Your Credit

    Do You Check Your “Specialty” Consumer Reports Annually?

    When guarding your credit score, you need to consider more than just the standard credit report.

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  • Understand Your Credit

    Co-Signing: What To Look Out For

    It is a question that few want to hear: “Will you co-sign for me?” Co-signing comes with risks that make many justifiably nervous to sign on the dotted line. So, should you do it?

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  • Understand Your Credit

    All About VantageScores

    The VantageScore, an alternative credit-scoring model to FICO, strives to help lenders predict risk with the greatest degree of accuracy while being favorable to consumers with short credit histories.

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  • Understand Your Credit

    FICO 08: How It Affects Your Credit Score

    The FICO score is the credit-scoring model most commonly used by creditors. The updated model, FICO 08, includes adjustments to better differentiate between good credit risks and bad ones.

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  • Understand Your Credit

    How UFCU Looks at Your Credit

    University Federal Credit Union uses information from your loan application and your credit report to determine whether to grant credit under the terms you request. Learn what factors we consider.

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  • Understand Your Credit

    Understanding Your Credit Report

    Learn the ABCs of your credit report, from how it’s compiled and what exactly it contains to how it’s used by creditors, what effects to expect from a negative report and more.

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  • Understand Your Credit

    All About Credit Scores

    When you borrow from any lender or use any company that bills you for services, paying your obligations as you originally agreed has a big impact on your future access to credit and the rates you will pay.

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  • Understand Your Credit

    Ordering Your Credit Report

    There are three major credit reporting agencies–Equifax, Experian and Trans Union. Learn how to check all three scores with one easy report through UFCU and myfico.com.

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  • Understand Your Credit

    The Fair Credit Billing Act

    One of the benefits of using credit and charge cards is that they come with built-in consumer protection through a federal law called the Fair Credit Billing Act.

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  • Understand Your Credit

    Using Credit Wisely

    If used carefully, credit can be a helpful financial tool. Designing a realistic spending and savings plan, so you are aware of how much credit you can afford, will help you avoid credit trouble.

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