Securus CE | Credit Education

Credit Education Offerings

Credit scores are powerful. Your personal credit score can spell the difference between buying a brand-new car or a much cheaper used one or between buying your dream home or continuing to rent. In dire situations it can even mean the difference between putting dinner on the table for your family or going hungry.

A good credit score shows potential lenders and credit card companies that they can trust you with a loan or credit, giving them the assurance that you will pay it back in a timely manner.

It can qualify you for a lower interest rate for the life of your loan, saving you hundreds or thousands of dollars.

That’s why, as consumers, it’s critical to understand how to build your credit and protect it from fraud.

Fewer than 1 in 5 consumers obtain copies of their credit report every year.*

*(CFPB)

How can you build your credit score if you don’t even know what’s in your report?

There are also many things that can dock your credit. Late payments, credit card fraud, bankruptcy, maintaining too many credit accounts, frequent hard credit checks and even closed credit card accounts.

Closed credit card accounts can continue to appear on your credit report, affecting your scores for up to ten years.*

*Transunion

When you close an account, it may not be removed from your credit report immediately. This is true whether the closed account is a credit card or an installment loan. Closed accounts stay on your report for different amounts of time depending on whether they had positive or negative history. An account that was in good standing with a history of on-time payments when you closed it will stay on your credit report for up to 10 years.

Your credit score has five components.

Payment history (35% of your score)
Credit utilization (30% of your score)
Length of credit history (15% of your score)
Credit mix (10% of your score)
New credit (10% of your score)

It’s more important than ever to be credit-savvy.

Keeping a watchful eye on your credit score, building or rebuilding it as necessary and carefully monitoring your account for any signs of fraudulent activity.

At Securus Partner Solutions, we make managing credit easy with our Credit Education platform.

Credit Management Made Easy

Credit Score

Credit Score Simulator

Credit Bureau Monitoring

Credit Report

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