What Really Affects Your Credit Score? Factors That Matter Most | Navy Federal Credit Union

Описание: Credit scores are important, and you need to know how to use them to improve your financial situation. What do the numbers really mean? And what can you do to improve your credit score? In this episode, we’re uncovering the secret of how credit scores work, what impacts your score and the best steps you can take to improve it.

00:00 - Do you know what makes up your credit score?
00:30 - See each of the three credit bureaus calculate your score a little differently, but they look at
similar information.
00:36 - According to Vantage Score, three of the factors he used to calculate scores are loan
payments, credit card balances and personal bankruptcy.
00:43 - They also suggest you can raise a low score or maintain a high one by making all your loan
payments on time, keeping all your credit card balances under 70% your total limit and not
opening multiple credit card accounts within the same time frame.

Navy Federal Credit Union is the world’s largest credit union with over 13 million members, over $175 billion in assets, over 350 branches and a workforce of over 24,000 employees worldwide. The credit union serves all the men and women of the Armed Forces, Department of Defense, veterans, and their families.
Navy Federal Credit Union is the world’s largest credit union with over 13 million members, over $175 billion in assets, over 350 branches and a workforce of over 24,000 employees worldwide. The credit union serves all the men and women of the Armed Forces, Department of Defense, veterans, and their families.

Navy Federal Credit Union is the world’s largest credit union with over 13 million members, over $175 billion in assets, over 350 branches and a workforce of over 24,000 employees worldwide. The credit union serves all the men and women of the Armed Forces, Department of Defense, veterans, and their families.
Navy Federal’s mission is to always put members first - Our Members Are the Mission.

Insured by NCUA. Equal Housing Lender. Equal Opportunity Employer.

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