Credit is your financial reputation. It shows financial organizations how reliable you are when re-paying money or following through with terms of a contract.
The quality of your credit can impact:
- Housing affordability
- Loan qualification
- Interest rates
- Credit card qualification
- Credit card limits
Attaining good credit score shouldn’t intimidate anyone. Here are some helpful tips to build and repair credit for long lasting impact.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.
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