Credit Scores and Reports
Your credit score is a rating of your creditworthiness, or basically how risky it is to lend you money. When you apply for a loan or a credit card, your credit score is one of the things a lender will consider in deciding whether to approve your loan request and the interest rate you qualify for. Because First Commerce is a local lender, you’re more than just a number to us. We take into consideration other factors like your personal situation.
Credit Scores and Reports FAQs
- Scores represent your financial history and range from 300 to 850.
- Having a higher score means better financial options for you.
- Includes personal identifying information, account information, recent credit inquiries, and any negative items.
- There are three major credit reporting agencies in the United States: Equifax, Experian, and TransUnion.
- You can get a free annual credit report from all three agencies at AnnualCreditReport.com.
- Watch this video to learn more about credit reports.
Watch this video to learn more about FICO scores.
Watch this video to learn more about what goes into FICO scores.
“My old bank didn’t give us the time of day because we didn’t have the right credit score. First Commerce was quick and convenient, and they are professional, knowledgeable, and very nice. Thank you!”
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Your Financial Partner for Life
Established in 1940, First Commerce is a full-service, not-for-profit credit union with locations across North Florida and South Georgia. We are a member-owned cooperative and committed to the communities we serve. Our purpose is to empower people to enhance their financial well-being by helping them achieve their financial goals – whether it’s simplifying their day-to-day finances, buying their first car or home, or building a great retirement. When you bank with First Commerce, you get a truly personal experience backed by 80 years of financial expertise.