We are now offering our members the ability to order their personal credit report online. The information contained within your credit profile will help you to understand your credit score.

Below are some of factors that make up a credit score:

• Payment history. This is the most important factor. Your payment history details late payments, collection accounts, charged-off debts and loss accounts, bankruptcy, and closed accounts.
  
• Capacity and Total Debt. Capacity is another important factor. Your profile will detail the amount of overall credit available to you, and how much of that credit you are using.
  
• Length of credit history. Your profile will detail whether you are relatively new at using credit, or whether you have a long history of credit, with a variety of established trade lines.
  
• New credit. Your profile will detail if you have been aggressively adding new credit lines. Several new lines in a short period of time, or several credit inquiries within a short period of time can hurt your credit score.
  
• Credit mix. The profile will detail if you have a reasonable mix of credit, such as credit cards, store cards, installment loans, etc.

WHAT IS A CREDIT SCORE?

A credit score is a number that reflects your credit risk. It is determined by a variety of factors, including the ones mentioned above. Credit providers, including Tobyhanna Army Depot FCU, review the score to determine the level of risk that a borrower will bring to a particular loan. Higher credit score numbers equate to better credit histories and pose less risk of loss with lenders. Lower credit score numbers equate to credit histories of missed payments, credit losses, and overextended credit. Borrowers with lower scores pose a higher risk of non-payment or loss. Borrowers with lower scores may pay higher interest rates as a result of their higher risk profile.

We TADFCU are concerned about our members credit histories. So get your on-line credit report today and find out how you stand in the eyes of a loan officer. If you are interested in applying for a loan from us, there is no better time to check out our low loan rates and "Experience the Difference".

Get your On-line Credit Report Today!!