Are you Savvy with your Credit Score?

Are you Savvy with your Credit Score?

Your credit score is an extremely important part of your financial life. It is based on several factors which include your payment history, credit utilization, your mix of credit, and recent credit activity. Luckily, it’s not difficult to establish a healthy credit score once you understand how it works.

We have a tool that helps you not only understand these factors but also gives you tips for improving your score too.

The importance of improving your credit score?

• Good indicator of financial responsibility
• More likely to get approved for a loan
• Saves you interest over time

How to improve your credit score?

• Pay bills promptly
• Pay down credit card debt
• Use different kinds of credit
• Hang onto old cards
• Apply for new credit carefully

Do you want to be savvier about your credit? You can check your credit score in less than five minutes by logging into MyFarmers Mobile or MyFarmers Online Banking to use this FREE service and enroll!

How to Enroll:

After logging into your account via Mobile or Online, this is the panel that will appear. All you have to do is click the button that says “Show My Score.”

This is the screen that appears. Once you fill out your information, click “Continue,” and you’re all set!

It’s that easy! This pulls your credit score, analyzes your accounts, activates credit monitoring, and calculates loan savings for free, and does not impact your credit score!

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