Building Credit

What is a Credit Score?

A credit score measures your ability to manage debt, reflecting your reputation as a borrower. The FICO score, a common credit score, helps lenders assess your loan repayment likelihood.

Financial agreement showing a 4.99% interest rate and signature section, illustrating borrowing and loan terms.

Why Good Credit Matters

Good credit can save you money and make everyday financial decisions easier, from borrowing money to setting up essential services.

Lower interest rates on loans and credit cards
Savings on insurance premiums, including auto and homeowners insurance
Reduced or no security deposits for utilities and cell phone service
Improved approval odds for housing and financial opportunities

Improving Your Credit Score

A strong credit score can open doors to better borrowing terms and lower costs. The good news? Small financial behaviors practiced consistently can have a big impact on your credit health.

Credit Crash Course

Students should monitor their credit reports and scores. Learn how to improve your credit score so you can expand your borrowing options and help you qualify for better, more affordable terms.