Wauna Federal Credit Union

Wauna Credit Score Enhancement
August 2003

Wauna Federal Credit Union wants to not only meet your expectations; we want to exceed them. As part of our continuous effort to educate our members, we would like a chance to discuss what a credit score is and how it affects you. Your credit score appears on your credit report and this relates to how you are qualified and priced in various areas (e.g. insurance premiums, employment, loan applications, etc.).

The score can range from 830 – 380 (higher the better). Your credit score is derived of five basic items:
· 35% – payment history
· 30% – capacity (capacity is revolving balances versus limit)
· 15% – length of credit
· 10% – accumulation of debt in the last 12-18 months (how fast are you adding new debt)
· 10% – mix of credit (installation debt versus revolving)

Please take advantage of our Free Credit Score Enhancement Consultations. You will get answers to:

· What is a credit score?
· How do I read a credit report?
· What affects the score?
· What hurts my score?
· What can I do to improve my score?

We would appreciate an opportunity to review your credit report, which may result in saving you money by lowering your payments and rates. To set up an appointment today click here.