- Credit Enhancement with HPFCU
Click here for the "Understanding Your Credit Score" booklet.
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At HPFCU we care about your financial well-being. That’s why we want to help save you money in interest rates by helping you (1) better understand, protect and improve your credit score and (2) refinance any high debt loans you may have.
LET US HELP YOU IMPROVE YOUR CREDIT SCORE.
Anytime you apply for a loan or a credit card, your credit report is pulled. Your report will determine whether your loan will be approved and how much your interest rate will be. The higher your credit score, the more you will be able to borrow and the less you pay to do it. This score is determined by many factors including payment history, the number and type of accounts you have, outstanding debt plus much more.
Here’s an example how a better credit score can save you money!
As you improve your credit score, you will improve your financial future as you will pay a lower interest rate on your loans. For example, look at the following chart and see how much a month you will save on interest rates for a $150,000 30-year, fixed-rate mortgage. Just think when you reduce your house payment, car payment, and any other loan you may have, how much more money you will have!
| Your FICO Score |
Your Interest Rate |
Your Monthly Payment |
| 720-850 |
5.73% |
$873 |
| 700-719 |
5.85% |
$885 |
| 675-699 |
6.39% |
$937 |
| 620-674 |
7.54% |
$1,053 |
| 560-619 |
8.53% |
$1,157 |
| 500-559 |
9.29% |
$1,238 |
- Let HPFCU help you discover ways get a better credit rating.
We’ll pull your credit report and go over it step by step to show you ways to improve your score. Even if you still don’t qualify for the "as low as" rate, we guarantee if you can raise your credit rating your interest rate will improve.
It’s easy. It’s free.
Call 713-986-0200 and schedule an appointment with one of our Member Service Representatives. It’s FREE and we guarantee you’ll like the results – saving money!
Finance a loan with HPFCU and improve your credit score by using the tips discussed during your credit enhancement session. If you do, we’ll revisit your credit score in 90 days and possibly lower your interest rate!
SAVE MONEY BY REFINACING CURRENT LOANS AT LOWER INTEREST RATES.
If you’re like most people after you sign on the doted line of the loan application you don’t think much more about your interest rate—you just make your monthly payments. Interest rates are always changing and maybe you could be paying less. Fill out the Money Management Inventory sheet and mail or fax it back to HPFCU. We will compare all of your loans you have with other lenders and see if we can get you a better interest rate at HPFCU. You have nothing to lose and money to gain!
Click here for the Money Management Inventory Sheet.
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- Click here to see how to use credit to achieve goals.
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