SeaComm Federal Credit Union OFFICIAL BLOG

Keep a Good Credit Score for 2023

Having a good credit score opens a lot of doors. You’ll see lower interest rates on loans and credit cards. You’ll also have more options on where to live, whether you’re looking to rent, or buy a home. Here are some tips to keep that credit score where you want it.

Take Advantage of Auto Pay

Your payment history is a major part of your credit score. Making payments on time shows you are reliable with finances. If you set your bills to auto pay you won’t have to worry about missing a due date and making a late payment. You can learn more about SeaComm’s Free Bill Payment Service right here!

Look At Your Entire Report.

Every year you can get one free copy of your credit report from the three national credit reporting companies. When you look over your report see if there are any errors. Any discrepancy or error could negatively impact your credit score. If you see something, make sure to report it to the credit bureau and the company who sent the information.

Watch Your Credit Card Use

Credit cards are a great way to build credit, but they could also hurt your credit too. Your credit score will be affected by how close or far you are from maxing out. Experts say that your credit use should be no greater than 30 percent of your limit. Keeping your credit use low and paying off your balance will really help your score.

Guard from Fraud and Identity Theft

Having your identity stolen can be a traumatic experience. If someone steals your credit or personal information they can really damage your credit score, but there are ways to protect yourself. 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 www.benefits-plus.org or call 866-329-7587.

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