Important Information: IMPORTANT FRAUD ALERT: We have been notified by our members that fraudsters are attempting to gain account and personal information by posing as an OceanAir associate. Please remember that if you do not intend to contact OceanAir, DO NOT provide any personal information, passwords, account numbers, card numbers, etc. If you suspect you are being targeted, please contact OceanAir immediately at 805.988.2151. OceanAir team members will assist in securing your account.
September 26, 2023

Personal Guide to Building Credit

Understanding and building one’s credit score is critical, particularly for credit union members managing tight budgets. A robust credit profile is indispensable, affecting various aspects of life from securing loans to job applications. Whether starting afresh or rebuilding, there are proven strategies to enhance your score.

Key Insights:

1. Regularly Review Your Credit Reports

2. Create a Budget

3. Ensure Timely Payments

4. Utilize the Right Credit Cards

5. Maintain Low Credit Balances

6. Retain Older Credit Accounts

7. Responsibly Manage New Credit

8. Establish a Varied Credit Mix

9. Settle Outstanding Debts

10. Seek Professional Guidance

(Bonus) Quick Credit Building Strategies

Building and managing credit is a nuanced process. By adopting disciplined financial habits and leveraging available resources, a robust credit profile can be developed and maintained.

For more insights, visit CBC Financial Cents: Online Learning and explore our extensive library on credit management.

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