Wallet Works

This is Walter Wiser. He's our money know-it-all and he's here to help you make your wallet work for you.

Five Components of a Credit Score

Most people know a credit score is important, but don’t know how it’s calculated. With credit impacting so many areas of our lives, from buying a home to landing a job, it’s essential to have a clear understanding of what goes into your score. This video breaks down the five components of a credit score- from payment history to new credit – and provides tips on how to maximize each one.

Want to know how you score? Learn more about PSECU’s free credit score service for eligible members.

We'd love to talk with you about bringing our financial know-how messages and free financial education seminars to your campus, workplace or community organization. Email walletworks@psecu.com or call 717.777.2189 for more information.

The content provided on this page is for informational purposes only. Nothing stated is to be construed as financial or legal advice. PSECU recommends that you seek the advice of a qualified financial, tax, legal or other professional if you have questions.