OUTLOOK
June 2012
Your Financial Reputation...
We’re talking about your
credit score- the three-digit
number that determines
your ability to get a home
loan, car loan, and a cell
phone or even a business
loan. How does this number define your financial
reputation? It starts with a
formula developed by the
Fair Isaac Corporation or
more commonly known as
FICO. What FICO reviews is
a summary of all your credit
accounts and payment history reported by the three
credit-reporting agencies
Equifax, Experian, and TransUnion. For the most part,
the higher your FICO score
the more money you can
borrow with a lower interest
rate. The flip side, the lower
your FICO score the less you
can borrow with a higher
interest rate, therefore,
paying less in principal and
more on the interest rate.
Wouldn’t we all love to borrow money at a lower rate?
Of course, and that is why
your financial reputation
does matter.
What’s in your FICO Score?
Your FICO Score is calculated from a lot of different credit data in your credit report.
This data can be grouped into five categories as outlined. The percentages in the chart
reflect how important each of the categories is in determining your FICO score.
FACT: YOU CAN GET A FREE CREDIT REPORT FROM EACH OF THE THREE MAJOR CREDIT AGENGIES BY
VISITING: ANNUALCREDITREPORT.COM
Visit MyFICO.com for more information.
Source: MyFICO.com
4591 Market St., Ventura, CA 93003 805.644.4657 CSFCU.org
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Receptionist & Branch
Hours of Operation
Monday—Thursday
10:00 am—5:30 pm
Friday & Last Business Day of the Month
10:00 am—6:00 pm
How To Prevent Identity Theft!
1. Order a copy of your credit report.
2. Limit your credit cards.
Upcoming Holiday’s
Independence Day
Wednesday, July 4, 2012
Labor Day
Monday, September 3, 2012
Columbus Day
Monday, October 8, 2012
Veterans Day
Monday, November 12, 2012 (observed)
Thanksgiving Day
Thursday, November 22, 2012
Friday, November 23, 2012
3. Do not use
your mother's
maiden name
as a "personal
password".
4. Write down all
your credit card
numbers and store
them in a secure 5. Do not carry your Social Security
place in case they number card in your wallet or purse.
get lost.
DON’T GET HACKED. INTERNET SECURITY visit CSFCU.org, select Member Resources, Digital Defense logo
to learn more.
Photo Courtesy FreeDigitalPhotos.net
Skip-A-Pay Enjoy your summer!
Don’t skip summer fun... skip a payment instead
with the Skip-A- Pay program!
Remember... a $50 loan modification fee will be applied
to each Skip-A-Pay request.
Please pay my loan modification fee as:
Deduct $50 from my share account: _________
Cash my $50 enclosed check
Mail to:
CSFCU, Loan Department, 4591 Market St., Ventura, CA 93003
By signing and participating in CSFCU Skip-A-Pay program, you agree to and understand the
following: Loan must be established for 6-months, delinquent or bankruptcy accounts are not
eligible. All accounts must be in good standing to take advantage of this offer. Finance charges
will continue to accrue on your unpaid balance. Skip-A-Pay program will extend your loan
contract maturity date and standard loan payments will resume the following month. No late
fee or penalty are applied to Skip-A-Pay program. Form must be signed by member to be valid.
The credit union reserves the right to determine if prior subsequent actions may disqualify your
loan. Non qualifiying Skip-A-Pay requests are subject to additional Loan Adjustment review for
approval. Skip-A-Pay program expires September 30, 2012.
Name:
Account #:
Loan #:
Phone #:
(
)
Address:
City:
ZIP:
Signature:
Month: (circle one only)
July
August
September
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