Financial Education

Quick Guide to Your Credit Report

If you have credit cards or other loans, you have a credit report. But do you know what's on it? And why it matters? This quick guide can help!

What is a credit report?

Your credit report is a snapshot of your financial history, including details of accounts and loans in your name. Lenders may check your credit report to help evaluate your credit risk and credit score. The factors that go into your credit rating include payment history, amounts owed, length of credit history and types of credit used.

Our Difference is Simple

When it comes to your financial plan, we understand what you need now and more importantly, what you need tomorrow. We are here to help you get the most out of both. Whether just starting out or preparing to retire, we help you become financially prepared and fully informed. At Chaco, we bring you the same expertise and competitive services as other institutions, but with the compassion and genuine care that can only come from being member-owned and operated. From CDs and savings to mortgages and more, we work to keep things simple when it comes to your finances – so you can focus on your life. And that makes a difference.