Pay your bills on time All of them, every time, period. Keep your credit utilization rate low “Weigh account balances relative to credit limit to ensure usage is at or below @ 10%,” stated John Ulzheimer, credit expert, formerly of FICO and Equifax. If higher than 10%, it is an indication of possible added risk....
Remember “The Golden Rule to Credit”…the higher the better when it comes to a credit score. Consumers have four primary advantages with a higher credit score: Reduces the pain of interest rate hikes, Borrowers qualify for a lower interest rates, Saves money on your monthly loan payments , A higher score will also more likely...
What is Credit and a Credit Score? Credit is the ability to borrow money or access goods or services with the understanding consumers will repay the borrowing with interest later. It is based on weighted factors and shown as a number typically between 300 and 850, called a credit score, A credit score tells lenders a...
Read the latest news from DuTrac Community Credit Union: Winter 2023 Update.
IRS impersonators have been around for a while. But as more people get to know their tricks, they’re switching it up. So instead of contacting you about a tax debt and making threats to get you to pay up, scammers may send you a text about a “tax rebate” or some other tax refund or benefit. Here’s...
If there’s one constant among scammers, it’s that they’re always coming up with new schemes, like the Google Voice verification scam. Have you heard about it? Here’s how it works. Scammers target people who post things for sale on sites like Craigslist or Facebook Marketplace. They also prey on people who post looking for help...
Telephone scammers impersonate people they believe you know or trust. They pretend to be attorneys, police officers, creditors, and even credit union representatives by spoofing phone numbers from known sources. It may even look like a credit union number on your caller ID screen. The con artist claims there is a time-sensitive issue that requires...
Keeping your financial and personal information secure is a top priority at DuTrac. From text alerts for our checking account debit cards, to credit cards with chip-enhanced technology, we are constantly working to provide the latest fraud protection tools and services. DuTrac Community Credit Union will never: call, email, or text asking you to provide your online...
By making a few changes to your devices and accounts, you can maintain security against outside parties’ unwanted attempts to access your data, as well as protect your privacy from those you don’t consent to sharing your information with. Follow these simple steps to protect yourself and your information online. Keep Your Account Secure Never...
What the imposter looks like: Someone asks you to buy gift cards or send money How the imposter convinces you to send money: A scammer might use different ways to convince you to send money. The scammer might say: There is a security problem with your computer You owe taxes to the IRS You won...
