Credit cards are considered revolving credit, and things like car loans and mortgages are installment loans. Having a combination of different types of credit (like revolving credit and installment loans) can boost this part of your score.Opening new credit cards (this includes retail credit cards) has a short-term negative effect on your score, so don’t open a whole bunch at once!.Establishing and following good credit habits over a long period of time can help raise your score If you get close to maxing out all your credit cards or lines of credit, it tanks your score, even if you’re making your payments on time This is one of the areas where the less you use of your total available credit, the better. Consistently making payments on time can help boost your score.These are some factors to consider when it comes to your credit score and ways you can help increase it: Taking the time to familiarize yourself with how credit scores are calculated is the first step in getting a strong score. Whether you plan to make a big purchase in the near future or take out a loan, it's important to think about and understand your credit score. You’ll even have personalized offers from LOC Credit Union that could even help you reduce your interest rates and save. Not only can you access your most recent credit score and reports with no repercussions, but SavvyMoney helps you understand each factor that influences your credit score. This invaluable tool can start shaping your financial future to align with your goals. If selected as a scholarship winner, Security First Credit Union reserves the right to use selected applicants name and any likeness thereof for promotional purposes, including, but not limited to social media, print and web.SavvyMoney is a new, comprehensive credit score program in our Digital Banking Solution that instantly provides you with free credit score analysis, your full credit report, monitoring, credit alerts, and personalized offers-all in one dashboard. I understand that any misleading or false information will result in my application being disqualified. Student ID Number:Ĭertification I certify that all information provided on this application and all supporting documents are accurate and complete. Awarding recipients will be contacted via email at the time of distribution. If the below information is not available at this time, please leave this section blank. Funds WILL NOT BE distributed directly to the applicant. Information for Funding Please provide the following information for fund distribution if selected. Reference Letters (not required however, strongly encouraged).Completed essay (must be on the topic question required for this scholarship).Postsecondary acceptance letter(s) on official typed letterhead.Unofficial copy of current high school transcripts.Multiple files must be combined into one file per file upload Work History - Paid or Volunteer Place of Business:ĭates (If using Internet Explorer use the following format YYYY-MM-DD):įile Uploads Please upload applicable documents in PDF or word document file format. Have you been accepted into an accredited university or other post-secondary institution for the 2021 - 2022 School Year? Yes NoĮxtra Curricular Activities Organization/Club:ĭates Active (If using Internet Explorer use the following format YYYY-MM-DD):ĭates Active: (If using Internet Explorer use the following format YYYY-MM-DD): *Number of Siblings Currently in College:Īre you currently classified as a graduating high school senior? Yes No *Date of Birth (If using Internet Explorer use the following format YYYY-MM-DD):Įducation *First Generation College Student: Yes No Enroll (It’s FREE!), and you’re all set!.Click on “Get Your Credit Score” or “Your Credit Score”.Log in to Online Banking or our Mobile Banking App.Tips and educational information on how to improve your credit score.Free accessible through online banking and mobile banking.Real-time security updates any time your credit file changes.Daily score updates – Access your score anytime and anywhere.In addition, Credit Score tells you why your grade is what it is and how to improve your score. This new tool breaks down and grades each section of your report on payment history, credit usage, total balances, credit age, and recent credit. SavvyMoney® is a FREE comprehensive Credit Score program designed to help you stay on top of your credit. FREE Credit Score, Report, and MonitoringĪs a Security First Credit Union member, you can access your credit score FREE through online banking and our mobile banking app.
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