We are still enrolling virtually for upcoming classes. If interested in enrollment - request info here!

COVID-19 Update: Click For Most Recent Details

If you're a student who needs support, click here or call 814-864-6666.

Money Tip - Credit Scores

Posted On 9/5/2013

What exactly is a credit score? How is it calculated? And why is this number so important?

Your credit score is a number that provides lenders and creditors a strong indication of how likely you are to pay back the debt you owe, based on your past borrowing behavior. The higher your score, the more likely you are, in their eyes, to pay back any money you borrow.

Your credit score is used to determine whether you can finance or obtain items such as: credit cards, loans for college tuition, mortgages, a car, or even to start up a new business. Not only it is used to determine what kind of loan you qualify for and the amount, but what your interest rate will be.

What's a Good Credit Score?

Excellent credit = 720 and above
Good credit = 660 to 719
Fair credit = 620 to 659
Poor/bad credit = 619 and below

How To Order a Credit Report

www.ftc.gov/credit -Print Annual Credit Report Request Form and send to:
Annual Credit Report
Request Service
P.O. Box 105281
Atlanta, Georgia 30348-5821

Request More Information