March 1, 2021
The financial decisions you make each day can impact your credit score. A lower score from unpaid bills and too much debt can mean a higher interest rate when you need to take out a loan for something important, such as a dream home, college education or that new car. It is estimated those with poor credit may end up paying over $200,000 more in interest over their lifetime. You can protect yourself and your pocketbook by paying bills on time, keeping debt low and keeping an eye on your credit score. Be sure to check your credit score at least a few times a year and consider a monitoring service. When your credit score is higher, you’ll be on your way towards financial savings.
To learn more, tune in to Money Matters weekdays at 5:50 pm on STAR 101.5 or visit WSECU.org/moneymatters.
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