Bank like a financial pro with the Alliant mobile app. Make payments, deposit checks, manage cards and so much more.
Renovate your kitchen, pay off high-interest debt, or have access to emergency funds when you need it with an Alliant Home Equity Line of Credit.
Browse new and used vehicle inventory, and qualify for a rate discount when you buy!81
Separate each of your savings goals into an Alliant Supplemental Savings Account so you can visualize your progress.
A good credit rating doesn't happen by itself, but it's easier to achieve when you commit to taking control of your finances. Use these tips on how to improve your credit score, and you'll be on your way to a prosperous new year.
There are four simple ways to start to improve your score, including reviewing your credit report, paying down your debts, setting up automatic payments, and making sure you don’t over extend your credit. We’re going to break down all of these tips so you can focus on those goals this year.
Before you look at your report, you may be wondering, what factors go into a credit score? Your FICO credit score is made up of the following key factors:
To learn more about each of these factors, check out “How is your credit score calculated”.
Once each year, you're entitled to a free copy of your credit report. If you haven't gotten yours yet, there is no better time than today at annualcreditreport.com. Your credit report contains your credit history from the past seven years that affects your credit score. Review it for any inaccuracies and make a note if anything is hurting your credit score — such as late payments and having too much debt.
What should you do if you find an issue with your FICO credit score? If you find any issues with your report, the Federal Trade Commission recommends that you contact the credit bureau and the creditor. Provide them with copies — not the originals — of any documents supporting your position, and keep copies of the letters and other documents for yourself, too.
Having a lot of debt not only impacts your debt ratio, but the interest you pay could be going toward other things you value. Rather than making just the minimum monthly payments, resolve to start the New Year on the right financial foot by paying off your credit cards and other high-interest debts as quickly as possible. When you make a plan, remember these important notes:
Smartphones have the ability to remind you of just about anything. Why not leverage this technology to alert you when each bill is due? If you do miss a payment, though, contact your creditor immediately. They may be willing to remove a rare late payment from your account.
If you haven't done so already, automate any recurring payments that are always the same amount, like your car payment and mortgage. You can also automate variable withdrawals such as credit card payments, but be sure to change your account setting to withdraw the statement balance on the card as opposed to just the minimum payment.
If you don't have a credit history, getting a credit card can be a good way of establishing a track record. However, avoid applying for too much credit. Having too many inquiries by creditors on your credit report can raise a red flag for other creditors down the road. It’s important to know when your credit score is pulled. If you need to apply for a loan and want to shop around, do it within a short time frame rather than spreading out your applications over several weeks or months.
As the phrase goes, “New Year, new you!” Follow these and other steps to raise your credit score this year to get to a more financially fit you.
At TransUnion, we believe in Information for Good. Whether it’s creating web-based financial products or sharing expert tips, insights and news on our blog, our mission remains the same: putting powerful tools and resources in your hands to help you know your credit, protect your identity and more effectively manage your financial picture.
Get even more personal finance info, tips and tricks delivered right to your inbox each month.
Thanks for subscribing to Alliant's Money Mentor newsletter! You will now receive personal finance tips in your email inbox each month.
You are leaving Alliant’s website to enter a website hosted by an organization separate from Alliant Credit Union. The products and services on this website are being offered through LPL Financial or its affiliates, which are separate entities from, and not affiliates of, Alliant Credit Union.The privacy and security policies of the site may differ from those of Alliant Credit Union.
You are leaving an Alliant Credit Union website and are about to enter a website operated by a third-party, independent from Alliant Credit Union. Alliant Credit Union does not manage the operation or content of the website you are about to enter. Alliant Credit Union is not responsible for the content and does not provide any products or services at this third-party website. The privacy and security policies of the site may differ from those of Alliant Credit Union.