When it Comes to Understanding Credit, Do You Know the Score?

It pays to have good credit. Why? The difference between getting financing with low interest vs. getting financing with high interest could mean thousands of extra dollars in interest payments over the life of the loan.

For example, 65% of credit card users keep a balance of their credit cards. This can result in interest payments that drain your budget, and taking 10, 15 years or more to pay off your balances. Are you in control of the cards in your wallet?

Free Workshop

Get the tools you need to lay a solid foundation for your future. Attend a free financial workshop, Know the Score: Understanding Credit, on Thursday, April 19, 2018, at 6:00 p.m., at Mid Oregon Credit Union’s East Bend Conference Room.

Your credit history—good or bad—follows you throughout your lifetime and has a significant impact on your family’s well-being and overall bottom line. Unfortunately, many people don’t understand the long-term consequences of their day-to-day financial decisions. Fortunately, with your credit score is something you can control—when you know what factors can influence it.

The Basics of Credit

At the workshop, Mid Oregon Loan Officer Christina Schulz will walk you through all the basics of credit, including:

• Who needs to build good credit and why
• The significance of your credit report and credit score
• How to establish credit if you don’t have any
• How to rebuild a good credit history
• Tips for using credit wisely
• Pitfalls that could cost you plenty

Mid Oregon’s East Bend Conference Room is located at 1386 NE Cushing Drive in Bend. Call 541-382-1795, or email info@midoregon.com to reserve your seat. Refreshments will be served.

Other Mid Oregon View Posts About Credit

Overwhelmed By Your Loan Options?
• Credit Blues? Things You Can Do To Improve! (Part 1)
Credit Blues? Things You Can Do To Improve! (Part 2)
Common Credit Report Mistakes Could Cost You
The Credit Invisibles: 4 Challenges Beyond Credit Accessibility