Money Minutes | General Electric Credit Union Blog | Financial Resources

Worried About the New FICO® Score? Here's What to Know - and Do

Feb 5, 2020 | 5 minute read

FICO® announced a new “suite” of credit scores this week, leading to alarming headlines warning that 40 million people could see their scores drop by at least 20 points. That’s scary if you think...

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8 Things That Won't Hurt (Whew!) Your Credit

Jan 9, 2020 | 4 minute read

Pay a credit card a month late, and you can count on it hurting your credit score. But there are some murkier areas you may wonder about: What happens if I marry someone whose credit is a lot...

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Why Good Credit Is Still Needed After You Retire

Nov 13, 2019 | 6 minute read

During your working years, you probably followed your credit score closely when you needed a new car or home loan. As you near or enter retirement, the reasons to maintain good credit, while...

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How Student Loans Impact Your Credit

Jul 5, 2018 | 5 minute read

If you've finished college within the last few years, chances are, you're paying off your student loans. What happens with your student loans now that they've entered repayment status will have a...

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Tips for Dealing with a Bad Credit Report

Apr 10, 2018 | 4 minute read

Your credit score is important. In addition to affecting your eligibility for loans and the interest rate you’ll pay, employers, utility companies, and rental companies often run credit checks to...

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Don’t Be Frozen Out — Know How and When to Thaw Your Credit

Mar 20, 2018 | 4 minute read

 

When the Equifax data breach was revealed a few years ago, you may have followed the advice of experts and frozen your credit. A freeze is the best way to keep your personal data from being used...

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What Doesn't Affect Your Credit Score?

Mar 7, 2018 | 3 minute read

A high credit score can be like a healthy weight. You know you want it, but are you doing the right things to achieve it?

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About Your Credit Score and Its Importance

Feb 27, 2018 | 4 minute read

A credit score is a number generated by an algorithm using information from your credit history representing your creditworthiness. Lenders use credit scores to evaluate the probability a person...

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3 Ways to Improve Your Credit Score

Jan 4, 2018 | 2 minute read

When was the last time you looked at your credit score? If you haven’t checked it in a while, it’s time to take a peek and see how you can improve your score. It won’t happen overnight, but small...

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4 Ways You Can Protect Your Credit Score Over the Holidays

Nov 14, 2017 | 3 minute read

Holidays can bring joy and happy memories, but they also can mean problems ahead for your credit score if you find yourself:

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