![]() ![]() The more you commit to making healthy lifestyle choices, the easier it will be to build up your credit score and give yourself a competitive edge during lending decisions, as well as the freedom to make important lifestyle decisions, like getting the right car loan or buying the perfect home. Credit cards are considered revolving credit, and things like car loans and mortgages are installment loans. Having a combination of different types of credit (like revolving credit and installment loans) can boost this part of your score.Opening new credit cards (this includes retail credit cards) has a short-term negative effect on your score, so don’t open a whole bunch at once!.Establishing and following good credit habits over a long period of time can help raise your score If you get close to maxing out all your credit cards or lines of credit, it tanks your score, even if you’re making your payments on time This new tool breaks down and grades each section of your report on payment history, credit usage, total. SavvyMoney is a FREE comprehensive Credit Score program designed to help you stay on top of your credit. This is one of the areas where the less you use of your total available credit, the better. As a Security First Credit Union member, you have access to your credit score FREE through online banking and our mobile banking app. Consistently making payments on time can help boost your score.These are some factors to consider when it comes to your credit score and ways you can help increase it: Taking the time to familiarize yourself with how credit scores are calculated is the first step in getting a strong score. Whether you plan to make a big purchase in the near future or take out a loan, it's important to think about and understand your credit score. You’ll even have personalized offers from LOC Credit Union that could even help you reduce your interest rates and save. Not only can you access your most recent credit score and reports with no repercussions, but SavvyMoney helps you understand each factor that influences your credit score. This invaluable tool can start shaping your financial future to align with your goals. UWM does not necessarily endorse or recommend any commercial product or service described at these websites.SavvyMoney is a new, comprehensive credit score program in our Digital Banking Solution that instantly provides you with free credit score analysis, your full credit report, monitoring, credit alerts, and personalized offers-all in one dashboard. Visitors to these websites should not use or rely on the information contained therein until consulting with an independent finance professional. UWM does not endorse, approve, certify or control these websites and does not assume responsibility for the accuracy, completeness or timeliness of the information located there. These sites contain information that has been created, published, maintained or otherwise posted by institutions or organizations independent of UWM. The links listed on our website offer direct access or ‘links’ to other internet websites. Past performance is not indicative of future results. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. While equities may offer the potential for greater long-term growth than most debt securities, they generally have higher volatility. Investing in securities involves risks, including the potential loss of principal. Actual results, performance or events may differ materially from those expressed or implied in such statements. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties. Statements of future expectations, estimates, projections, and other forward-looking statements are based on available information and Urban Wealth Management LLC view as of the time of these statements. While Urban Wealth Management LLC believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness. ![]() It does not constitute investment advice and is not intended as an endorsement of any specific investment. Solve their problems, Make more money Follow savvymarketingpro business. This material is for informational purposes only. Instagram photos and videos from Savvy Marketing Pro (savvymarketingpro). The views are subject to change and are not intended as a forecast or guarantee of future results. The views expressed represent the opinion of Urban Wealth Management LLC. Advisory services offered through Urban Wealth Management Group LLC, an SEC Registered Investment Advisor. ![]()
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