Page 13 - AAA Now! – AAA Shelby County – March/April 2022

FINANCIAL SERVICES
Parking without the baggage.
Download The Parking Spot App, add your AAA member number to your account and receive $10 in Spot Club points.
It’s free to join and members always save 10% or more.
AIRPORT PARKING
Discounts and Coupons
AAA Spot Club Card
Earn discounts at selected facilities
AAA Member?
Earn discounts at select facilities
Plus, you’ll enjoy exclusive benefits like free reservations and special promotions througout the year.
Download Today!
Offer is valid for mobile application downloads beginning Sept. 2, 2019. The $10 in Spot Club points will appear as 350 Spot Club points and must be redeemed through your online account prior to your stay. Spot Club points will appear in your Spot Club account within 10 business days of signing up via the mobile app and adding your AAA member number to your account. ©2019 TPS Parking Management, LLC.
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A good rule of thumb: keep your total credit utilization less than 30%. For example, say you have a retail credit card with a limit of $1,000 and two bank credit cards with limits of $500 each. That means you should aim to keep your total utilization below $600 across all three accounts.
4. Checkyourcreditreportsatleast every year. Credit experts recommend reviewing your Experian®, Equifax®, and TransUnion® credit reports every 12 months to check for errors. While negative credit information, such as repossessions and bankruptcies, stay on your credit report for seven or more years, you may spot and dispute
errors or signs of identity theft or credit card fraud, both of which can negatively impact your credit score.
5. Close accounts with caution. If
you pay off an account or have an old account that you no longer use, think twice about closing it. Depending
on how much available credit you have, this action can increase your credit utilization, lowering your credit score.
Changing your credit score is a journey. By following these steps,
you can get to your destination of improvement. To learn more about how to achieve your financial goals with ProtectMyID®, visit AAA.com/ IDTheft. Think of ProtectMyID as roadside assistance for your identity. With a suite of credit features such as Credit Monitoring, VantageScore1®, Tracker, Score Variance Alerts, and Experian CreditLock, with ProtectMyID, you’re in control of your credit.
1VantageScore 3.0 with scores ranging from 300 to 850, is a user- friendly credit score model developed by the three major nationwide credit reporting agencies, Experian®, TransUnion®, VantageScore 3.0 is used by some but not all lenders. Higher scores represent a greater likelihood that you’ll pay back your debts so you are viewed as being a lower credit risk to lenders. A lower score indicates to lenders that you may be a higher credit risk.
There are three different major credit reporting agencies, Experian, TransUnion, and Equifax that maintain a record of your credit history known as your credit file. Credit scores are based on the information in your credit file at the time it is requested. Your credit file information can vary from agency to agency because some lenders report your credit history to only one or two of the agencies. So your credit scores can
vary if the information they have on file for you is different. Since the information in your file can change over time, your credit scores also may be different from day-to-day. Different credit scoring models can also give a different assessment of the credit risk (risk of default) for the same consumer and same credit file.
There are different credit scoring models which may be used by lenders and insurers. Your lender may not use VantageScore 3.0, so don’t be surprised if your lender gives you a score that’s different from your VantageScore. (And your VantageScore 3.0 may differ from you score under other types of VantageScores.) Just remember that your associated risk level is often the same even if the number is not. For some consumers, however, the risk assessment of VantageScore 3.0 could vary, sometimes.
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