SeaComm Federal Credit Union OFFICIAL BLOG

Ways to Maintain a Good Credit Score in 2021

There are many benefits of having a good credit score, such as enjoying a lower interest rate on your loans. Once you get credit, the most important thing is to keep control of it so you can achieve your financial goals. Here are five ways to maintain a good credit score in the new year!

Don’t get too close to your credit limit. Credit scoring models look at how close you are to being “maxed out,” so it is important to keep your balances low compared to your total credit limit. Experts recommend keeping your use of credit at no more than 30 percent of your total credit limit. Paying off the balance each month helps get you the best scores!

Set up automatic payments. The most crucial component of your credit score is payment history. You can help protect your score by putting your bills on auto pay! This is a guaranteed way to ensure that you never miss your due dates. When the direct deposit hits your account, the payments will automatically transfer to your loans. Click here to learn more about SeaComm’s Free Bill Payment Service!

Have a firm budget in place. Going into 2021, you should take some time to create a budget for your expenses. This will enable you to make smarter decisions when it comes to using your credit card. Take advantage of SeaComm’s Online Financial Management service, which enables you to track your budget and spending from your computer or mobile device. Click here to learn more!

Get the full picture. You’re entitled to one free copy of your credit report each year, from each of the three nationwide credit reporting companies. When reviewing your report, look for errors that could end up damaging your score. If you do notice a mistake, contact both the credit bureau and organization that provided the information to the bureau.

Protect yourself from identity theft and fraudulent activity. A theft of your identity, credit or personal information can be devastating. With a Benefits Plus® checking account, you have access to a full suite of Identity Theft Services, including Fraud Alerts and IDT Restoration Rescue®. Benefits Plus® will assist in filing police reports and contacting all credit bureaus, creditors, financial institutions, merchants, and even utility companies on your behalf. Click here to learn more, or visit your local SeaComm branch to upgrade your basic checking account to a Benefits Plus® checking, today!

For complete information, terms, conditions and exclusions please visit or call 866-329-7587.

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