Credit Reports and Credit Management
FMFCU understands the value of good credit. That's why we're here to help you manage your credit and provide resources to make understanding your credit easier.
Credit Score Education
Credit scores are increasingly used in many facets of our lives. They can affect our ability to get a cell phone, buy and finance a vehicle or purchase a home. Knowledge of, and about, your credit score is more important than ever. The following link will take you to educational materials provided by FICO. FICO is the creator of the FICO® Score, the credit score most widely used in lending decisions in the US.
Credit Counseling and Debt Management
Franklin Mint Federal Credit Union has partnered with Clarifi,
formerly known as Consumer Credit Counseling Service of Delaware Valley (CCCS). Clarifi
is a non-profit service organization dedicated to delivering professional credit education, confidential credit and housing counseling and debt management programs.
Clarifi is one of the area’s leading credit and debt management counseling agencies that has helped thousands of individuals and families gain control of their finances. More details >>
August 2013 - Philadelphia Replicates Success of New York City’s Financial Empowerment Centers - Clarifi and the City of Philadelphia Partner Together to Bring the Initiative Live - Read the announcement here.
Perhaps you read or heard about a recent amendment to the Fair and Accurate Credit Transactions (FACT) Act. The Act obliges each of the three national credit reporting agencies aka credit bureaus to provide you with a free copy of your credit report once every year, at your request. By requesting copies of your credit report annually, you will be able to:
- Manage your debt and qualify for the best rates and terms on loans and mortgages
- Protect yourself against identity theft by keeping abreast of unauthorized changes to your credit record
- Keep informed of your credit standing to understand lending opportunities and correct errors that can cause application rejections or high interest rates, if they exist.
For consumer convenience, the three credit bureaus – Equifax, Experian and TransUnion – have established one central service from which you can order your free credit report copy. There are several ways to access this service:
- Online at www.annualcreditreport.com
- By telephone at 1-877-322-8228 (toll-free), or
- By mail -- complete an Annual Credit Report Request Form
(obtainable online or by phone) forwarded to:
Annual Credit Report Request Service
P.O. Box 105281
Atlanta, GA 30348-5281
THIS NOTICE IS REQUIRED BY LAW. Read more at FTC.GOV.
You have the right to a free credit report at AnnualCreditReport.com or 877-322-8228, the ONLY authorized source under federal law.
Here are some helpful tips to consider when ordering your free report:
- You are not obligated to accept offers for other credit services when ordering your report
- You should request that only the last four digits of your Social Security Number be listed on your report for security purposes
- You may want to consider spacing out your orders for free reports from the three different agencies as a better method for identifying potential identity theft
- You will not get your credit score in the report