Credit bureaus vs. credit scoring models
A credit bureau, also known as a credit reporting agency, collects credit information, turns it into a credit report and keeps track of your credit history.
There are three credit bureaus: Equifax, Experian and TransUnion. A credit scoring model assigns a number to your financial outlook. There are many models; the two best known are FICO Score® and VantageScore®.
What is a credit mix and how can it affect credit scores?
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Whether you’ve already established a credit history or you’re wondering how to get started building one, you may not know what a “credit mix” means — or how having different types of credit may affect your credit scores.
Credit mistakes that may be costing you money
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Your credit history can affect your everyday life in ways you may not even realize. Besides helping determine what loans or credit you’re offered and at what interest rates, it may play a role in job offers or home rentals, among other things. That’s why keeping tabs on your credit history, as reported on your credit reports — and the information in credit reports, which is used to calculate credit scores — is essential.
Cynthia J., Edgecombe County
I know the benefit of having a Credit Union like LGFCU in my life.
Leigh Ann C., New Bern
I'm definitely pro-LGFCU. It's like a big family.
Tony B., Halifax County
I've never considered using another institution.
Don Larsen
Larsen has more than 30 years of human resources experience across a multitude of industries including legal, engineering, software development, hospitality and financial services. He previously served as director of Human Resources for the Anderson Automotive Group and as director of Human Resources and Benefits for Golden Corral Corporation.
As Chief Human Resources Officer, Larsen is responsible overall for human resources, diversity and inclusion, and learning and development.
What are you investing for?
Before you start investing your hard-earned money, create a game plan to make sure your investments match your needs, your goals and even your values. Here are some tips for investing your money based on things that matter most to you.
Define your investment goals
Let’s say you want to have money available to supplement your income at retirement. Before you start saving and investing toward this goal, ask yourself exactly what you want. How much money will you need? When will you retire? What’s the best investment account to fund?