The ins and outs of building good credit
Posted On: March 1, 2022 by First Option Bank in: Tips & Tricks
For lots of people, the three digits making up your credit score are filled with mystery. How long do late payments stay on it? Is paying off a credit card account and closing it good or bad? And how high does it really need to be to afford the house you want?
Understanding how credit scores and reports work is an important step in your financial journey. Building positive credit and avoiding hits when possible can help you achieve your goals such as buying a home, leasing a car, or...
How Businesses Use Credit
Posted On: November 5, 2020 by First Option Bank in: Financial Wellness, General, Tips & Tricks
No matter what stage your business is in, it’s important to be able to identify potential sources of financing should you need it. Become an informed borrower and understand the different types of business credit available and how to use them.
This lesson will help you understand:
What to consider when exploring different types of business credit
Options for short- and long-term financing
5 strategies to achieve a higher credit score
CLICK HERE To Learn More
Read More