Most people know a credit score is important, but don’t know how it’s calculated. With credit impacting so many areas of our lives, from buying a home to landing a job, it’s essential to have a clear understanding of what goes into your score. This video breaks down the five components of a credit score- from payment history to new credit – and provides tips on how to maximize each one.
Want to know how you score? Learn more about PSECU’s free credit score service for eligible members.