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About That Credit Score

Why should I pay attention to my credit score?


Not only should you know what your credit score is, but you should be constantly working to improve it. Having a credit score above a 720 could give you better rates on loans and end up saving you money. The lower your credit score, the less likely it’ll be for you to even get approved for a loan.


How can I improve my credit score?


Pay your bills, on time, every time. Plan ahead and develop a system for how you are going to manage your finances each month.

Own a credit card, but keep your balance less than 50 percent of your credit limit. Your credit score may take a hit if you are over the 50 percent threshold.


Be careful how many times you are applying for credit. Every time there is an inquiry on your credit history when applying for a loan or credit cards, your credit score may be negatively impacted.


Doing self-checks on your credit score through sites like will not impact your score.


How do I establish credit?


A great way to start credit is to apply for a money-secured card. Put your paycheck into a credit union savings account and use that account as collateral for a credit card ($500 minimum). You can then do a cash advance on your card to replace the paycheck funds you just used to start your credit.


Be patient. Drastically improving your credit score could take months or even years. Start the process of improving your score today and be financially stable, sooner.


Have more questions? Don’t know where to start? That’s what we’re here for. Call us at 712-252-4368 and ask to talk to one of our professional lenders to get you back on track.

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