What Goes on Your Credit Score?
If you are looking to apply for a home mortgage or auto loan in O’Fallon, you will want to check your credit score first. Better scores can lead to more favorable loans. Watch this video to find out what goes on your credit score.
Paying your bills on time leads to a higher score, as does the possession of a reasonable amount of outstanding credit and debt. A longer history of positive credit is preferable, although brand new credit may not necessarily hurt your score. While an abundance of credit cards can be bad, a variety of credit is good for your score.
Would you like to know more about your credit score? Call GCS Credit Union at (618) 797-7993. We are proud to serve the O’Fallon area with a variety of online banking services as well as checking accounts and auto and home mortgage loans. Feel free to visit our website or stop by today.