When it comes to credit scores, it can seem like everyone’s an expert. Ask a random group of people what factors affect your score the most, and you’ll likely get a different response from each person. And the most frustrating part is they’ll probably all be right—and wrong.
Credit scores are calculated based on a variety of factors, so they tend to feel like a secret code. Fortunately, this code is easy to crack. All you have to do is separate fact from fiction. Once you understand the specifics of how your score is determined, it will be easier to sort through all the misinformation.
There are three primary credit reporting bureaus—Equifax, Experian, and Transunion, but the most trusted credit ratings come from the Fair Isaac Corporation (FICO). While some lenders and creditors look at a combination of scores from the various reports, the FICO score is widely considered the most reliable. According to FICO experts, your credit score is calculated based on five main categories:
While this list covers some of the most common credit score myths, there are countless others. By focusing on the facts and ignoring anything that doesn’t line up with them, you’ll find it easier to manage your credit with confidence.
Columbine Federal Credit Union will not contact you by unsolicited text messaging or automated phone calls. If you receive a message that indicates it is from us, it is most likely a scam.
Please call us at 720-283-2346 if you suspect fraudulent activity or have any questions.
To report a lost or stolen credit card: 800-325-3678
To report a lost or stolen debit card: 888-241-2510
Bank to receive wire:
Alloya Corporate FCU
11080 CirclePoint Road, Suite 500
Westminster, CO 80020
Routing Number: 307087399
Further Credit to:
Columbine Federal Credit Union
4902 E. Dry Creek Rd.
Centennial, CO 80122
Routing Number: 302075131
Final Credit:
Beneficiary Name *
Account Number *
© 2024 Columbine Federal Credit Union
Website by Your Marketing Co
Columbine Federal Credit Union provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by Columbine Federal Credit Union, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.
Click the link above to continue or CANCEL