Your credit score can feel like a secret number — something lenders check that decides your future. But really, it’s just a snapshot of how well you manage credit, and with the right plan, it’s something you can improve.
Whether you’re saving for a new car, refinancing existing debt, or planning your next financial move, understanding your credit score helps you get better rates, more options, and more financial freedom — something we care about deeply at Sierra Pacific.
What Your Credit Score Actually Means
A credit score is a three-digit number — typically between 300 and 850 — that reflects how you’ve managed borrowed money over time. Most lenders use a version of a FICO® score, though the exact score can vary slightly depending on the model used and where it’s viewed. That’s why you might see different numbers from different sources — and why small changes don’t always tell the full story.
In general, higher scores can mean better loan options, lower interest rates, and more financial flexibility.
What's Most Important to Your Score
Several factors influence your credit score, but two have the biggest impact:
Payment History (Most Important)
Paying bills on time matters more than anything else. Even one missed payment can have an effect, while consistent on-time payments help build trust over time.
Credit Usage
This looks at how much of your available credit you’re using. Keeping balances lower compared to your credit limits can make a meaningful difference.
Other factors include the length of your credit history, the types of credit you have, and how often you apply for new credit — but focusing on payment history and credit usage is often the most effective place to start.
How to Improve Your Credit Score — Starting Today
Improving your credit doesn’t require perfection. Small, steady actions can move your score in the right direction:
- Pay bills on time, every time — even the minimum payment helps
- Keep balances as low as possible
- Avoid opening new credit unless you truly need it
- Review your credit report for errors and dispute anything that doesn’t look right
And if making payments ever becomes difficult, reaching out early can make a big difference. Talking with your credit union sooner rather than later may open options and support that can help you stay on track.
Tools and Support
At Sierra Pacific, we offer products and services designed to help you build strong credit and financial confidence:
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Checking & Savings accounts with tools like free bill pay and mobile banking to help you stay organized.
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Credit Cards with competitive rates and perks — including options that help you manage balances while building credit over time.
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Loans (auto, personal, signature) that reward good credit and help you move toward your goals with terms that fit your budget.
Busting Common Credit Myths
“Checking my credit hurts my score.”
✔️ Reviewing your own credit report does not lower your score.
“I have to carry a balance to build credit.”
✔️ Paying off your balances responsibly is actually better for your score.
“Bad credit means I’m stuck.”
✔️ Credit can be rebuilt — and many members improve their score year over year with planning and support.
Your credit score isn’t a fixed label — it’s a reflection of your financial habits, and those habits can improve. With the right information and tools, you can make choices that help you earn better rates, access better loan options, and reach your financial goals faster.
Ready to take charge of your credit score? Visit your nearest Sierra Pacific branch or call 775-260-7948 to talk with a Financial Service Representative who can help you map out your next steps.
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