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Collins Community Credit Union

About Your Credit Score

Credit scores are calculated by the length of your credit history, if you carry balances on your credit cards, if you max out your cards, how much debt you carry, if you make your loan payments on time, and more.

The FACT Act allows you the right to get one free credit report from each of the three major reporting bureaus (Equifax, Experian and TransUnion) once a year.

Your credit report will show any delinquencies you may have, and a history of all loans and credit cards in your name. Reviewing your credit report frequently also helps you ensure you haven't been a victim of identity theft. 

What can hurt your credit score Maxing out your credit cards, not paying your bills on time and opening too many new accounts in a short period of time are a few key factors that can hurt your credit score. 
 

A good way to start establishing your credit history is to open a credit card. If you're in college, you can start with a student card, or perhaps you'd like to open a card for your favorite store. Opening a store card can be a good idea because usually you get coupons and can earn points, just make sure that you're using it responsibly.

With credit cards, we recommend never carrying a balance of more than 30% of your credit limit, pay off your balance in full each month and may your payments on time.  

Loans, such as auto and student loans can also help you build credit history. Again, you want to make sure you are making your payments on time and in full. 

View our credit card options:

What's New

  • How to Eat Healthy on a Budget

    11 August 2017
    Sometimes in life money can be tight. So can our jeans. Good NEWS! You don’t have to break the bank to eat healthy. Eating right can be affordable, suitable, and nutritious. Here are seven tips and tricks to ensure your buttons and your budget don’t bust! Learn More
  • How to Travel on a Budget

    07 August 2017
    It’s on our phones. It’s on our newsfeeds. It’s on our TVs. We see it in the movies we watch, the songs we listen to, the stories we read. We dream of it. It’s what we imagine when our head hits the pillow and our heavy eyelids close shut each night. A far away land – paradise. If you're ready to plan your dream vacation check out our latest blog post to learn how to travel on a budget.  Learn More
  • Top Money Tips for Millennials

    31 July 2017
    Let’s face the facts. Sometimes schools don’t do the best on preparing millennials on managing their money and figuring out finances. Once you graduate college and enter the real world, you are bombarded with student loan debt, bills, and everyday expenses. Don’t panic. No need to rummage through the pizza grease and beer stained sofa cushions for spare change. Here are the top banking tips, from the experts, so you can stay on top of your finances and sweep your worries under the rug. Learn More
  • Collins Community Credit Union Communicator - Q1 Newsletter

    17 January 2017
    Communicator Newsletter, January 2017 - Member Owned - Member Focused Annual Meeting Notice Collins Community Credit Union's 77th Annual Membership Meeting will be held on Sunday, May 7, 2017, at the Cedar Rapids Marriott. Doors open at 3:15 p.m. with the business meeting beginning at 4:00 p.m.     Elections... Learn More
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