MoneyWisdom Blog

Checking Your Credit: Be Sure You Have the Right Score

Posted by Patti Conty on Jan 12, 2017 3:25:57 PM

Have you ever requested your credit score from a credit bureau? You need to read this.

Earlier this month, the Consumer Financial Protection Bureau ordered Equifax and TransUnion to pay millions in fines and penalties. Both national credit bureaus misstated the usefulness and value of the credit scores they sold to consumers. The credit bureaus gave customers a score meant for educational purposes, while implying it was the score actually reviewed by lenders.

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Topics: Credit Score

6 Common Credit Report Misunderstandings

Posted by Hanscom Federal Credit Union on May 12, 2016 2:39:09 PM

6 Common Credit Report Misunderstandings

If you’re not used to reading them, credit reports can make about as much sense as a restaurant menu printed in a foreign language. At least in a restaurant, you can point to what someone else is having. But if you don’t know how to read your credit file, you could make mistakes that could lead to your financial life being harder than it needs to be.

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Topics: Credit Score

Hanscom FCU Recognized Nationally for Exposing Sally’s Love Life

Posted by Patti Conty on Apr 29, 2016 11:12:31 AM

Maria Porto with the Diamond Award for "The Sally Video".

Hanscom FCU was honored recently with a Diamond Award from the Credit Union National Association (CUNA) Marketing and Business Development Council.  The award was in recognition of our achievement in the video category – for a video we affectionately refer to as “The Sally Video.”

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Topics: Credit Score

The 4 Sections of Your Credit Report

Posted by Hanscom Federal Credit Union on Apr 5, 2016 10:53:39 AM

750.670. 620. 575. You may not think about them every day, but your credit report and the three little digits that make up your credit score probably influence your life in many ways. They can affect the cost of credit you receive, your ability to rent or buy a home, the insurance rates you pay, and even the jobs you can get. By understanding the reporting and scoring process, you can establish and maintain a stellar credit report and score.

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Topics: Credit Score

This is what happens at a credit score evaluation

Posted by Patti Conty on Feb 15, 2016 7:00:00 AM

Credit_Score_Enhancement.jpgWe are good at giving advice here at the Money Wisdom blog. Today, I’m changing things up. Come with me to see what it’s like to have your credit score evaluated with one of our experts.

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Topics: Credit Score

Save Money with a Free Credit Score Evaluation

Posted by Moneywise Newsletter on Jan 7, 2016 9:17:56 AM

A strong credit score pays off, literally, with lower loan rates and higher limits. Knowing and keeping track of your score can help you see where you stand financially and serve as an early warning that you may be headed in the wrong direction with your money.

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Topics: Credit Score, member services

How to Access Your Credit Reports and Scores

Posted by Hanscom Federal Credit Union on Nov 18, 2015 7:00:00 AM

Knowing how to get your credit reports and credit scores can be very confusing. There are many different options out there. First and foremost, there are a few key things to remember:

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Topics: Credit Matters, Credit Score, Credit Report

Meet Innovis, the Fourth Credit Bureau

Posted by Hanscom Federal Credit Union on Nov 16, 2015 6:30:00 AM

Much of the discussion of credit bureaus focuses on the three most commonly used agencies: Equifax, Experian and TransUnion. However, there is another bureau you may need to know about. The company Innovis is actually one of many organizations that gathers, stores and publishes credit file information. While your Innovis report will contain much of the same account information as your other three, the report published by Innovis is used primarily for compiling and selling mailing lists to other businesses. For example, if a company wants to identify people in a certain zip code that they want to make a credit card offer to, that company may ask Innovis to compile a list that meets that profile.

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Topics: Credit Matters, Credit Score

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