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Fox Business: 4 Ways CUs Help Raise Credit Scores
Wednesday, March 5, 2014 7:00 AM

In the aftermath of the Great Recession, many consumers are still regaining their financial footing. To help, credit unions are offering more tools aimed at rebuilding tarnished credit scores, reports Fox Business. These tools include low-cost secured loans, free credit counseling and online debt management courses. And since credit unions are member-owned, they're usually eager to help their members improve their scores or establish credit, Fox Business tells readers.

Paul Gentile, executive vice president with the Credit Union National Association, tells Fox Business that unions are taking a consultancy approach to debt rather than trying to generate high fees for these services. This approach to rebuilding credit can be crucial, he says, since a big chunk of our credit scores are linked to our payment histories.

Texas-based Randolph Brooks FCU, Fox Business reports, offers credit builder accounts. To view the entire article, please visit Fox Business.