Excellent Credit Score with Pen and Glasses

Three Ways to Partner with Us to Build Your Credit Now!

Excellent Credit Score with Pen and Glasses
You are our prime interest, and we are not just saying that to say it. We care about your financial health, and our sole purpose is to provide products and services to ensure you have a long, healthy and stable financial future. So maybe you’re experiencing unfortunate life circumstances; maybe you had excellent credit in the past, but now your credit score is much lower. Or, maybe you are building your credit for the first time, whatever the reason may be, you can count on PrimeWay Federal Credit Union to be your partner throughout the credit rebuilding process. Below are three ways we can help get your credit back on track!


1.) Secured credit card - Consider setting aside $500 to secure a credit card in your name. You'll have the convenience of shopping with a reputable card brand, and we hold the funds in a savings account to secure your purchases. You pay off your card balance or make monthly payments by the due date each month, and your credit score goes up.

**Tip: Compare our low interest rates with NO annual fee to any commercial bank product, and you will see the credit union difference right away. Our members are our shareholders, so higher rates on savings accounts and lower rates on loans and credit cards mean we can make you happy by passing all of the savings along to you.

2.) Online budget/financial management tools – We have online budgeting tools and resources to help you with saving and investing! If you need help finding these, let us know, we are here to help. On our website you will find monthly spreadsheets and profit and loss statements for your personal and small business needs.

3.) Rent payment reporting - Make sure your rent payments are tracked and reported to Experian RentBureau, the only major credit reporting agency to include on-time rental payment data on its reports. Use of timely rent payments to build and boost credit scores is relatively new, and many people don't know about it yet.

We know all of this can be a lot to take in, but remember, we’re always here to help, and it’s what we do best. So take a look at some of these options, then give us a call or stop by one our branches to find out more.

Check out our sources:
http://www.creditcards.com/credit-card-news/pros-cons-credit-union-credit-cards-1267.php
https://www.nerdwallet.com/blog/finance/what-is-credit-builder-loan/
http://www.experian.com/rentbureau/renter-credit.html
https://www.rentreporters.com/

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