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CU System
IMSNI says build credit ... with CU loan
NEW YORK (1/15/10)--One of the best ways for consumers to build or rebuild credit scores is to get a share-secured loan from a credit union, according to MSN.com (Jan. 14). Credit Union National Association (CUNA) staff advised MSN on why consumers should get a loan from a credit union. The article, titled, “Build Credit Without Credit Cards,” by Liz Pulliam Weston, mentions that Susan Tiffany, CUNA director of consumer publications, says credit union loans may be easier to get than bank loans because credit unions often are willing to look beyond just a consumer’s credit scores. “[Credit unions] don’t treat credit scores as the only source of information about you,” Tiffany told MSN. “They’re looking for ways to say yes. Are you responsible with your checking account? Are you demonstrating that you’re trying to be a regular saver? Those behaviors help.” To read the article, use the link.
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