CREDIT WEEK: What is credit? Why does it matter? - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

CREDIT WEEK: What is credit? Why does it matter?

Posted: Updated:

WAKE UP NORTHWEST - All week on Wake Up Northwest, we are talking about credit.

How does credit affect your life? What does it mean? And how are millennials doing when it comes to their financial stability?

Monday morning we spoke with Kieth Hobart, Peak Mortgage, about what is credit and how to check your credit score for free online.

Tuesday morning we spoke with Don Frigaard and Romi Cockrum from HAPO Community Credit Union about how credit affects our lives and ability to purchase a home.

Wednesday morning, we spoke with Jeffery Lewis of Lewis Wealth Management about millennials and credit. He says it is important to start off with one credit card and not over do it. Also, parents can help by making their children an authorized user onto their credit card.

When it comes to identifying credit card fraud and identity theft, Mike Blatman, Crime Prevention Specialist says you need to keep track of your credit report. He says a majority of what is seen are large scale hacks.

So how do you improve your credit? Friday morning, Jeffery Lewis explained you need to make sure to do the following things:

1. Free credit report and scores at KreditCarma.com OR Credit.com
     - Look for inaccurate information on your report
     - Dispute with a written letter to each Credit Agency
2. Pay down Credit Card Balances
3. Make payments on time
4. Keep the same Credit Cards for a long time
5. Be Selective
6. Don't waste money on "Credit Repair Companies"

Watch our full segments to learn more and tune in to Wake Up Northwest for credit week.

HD DOPPLER 6i
/
  • Tri-CitiesTri-Cities NewsMore>>

  • Secretary of Defense James Mattis visits Chief Joseph Middle School

    Secretary of Defense James Mattis visits Chief Joseph Middle School

    Friday, November 16 2018 7:11 PM EST2018-11-17 00:11:14 GMT

    Students at Chief Joseph Middle School had a surprise on Friday, November 16 when James Mattis, the U.S. Secretary of Defense, paid a visit.  

    More >>

    Students at Chief Joseph Middle School had a surprise on Friday, November 16 when James Mattis, the U.S. Secretary of Defense, paid a visit.  

    More >>
  • Newhouse bill honoring fallen Richland Marine heads to President’s desk

    Newhouse bill honoring fallen Richland Marine heads to President’s desk

    Friday, November 16 2018 5:23 PM EST2018-11-16 22:23:06 GMT

    Rep. Dan Newhouse (R-WA), Senator Maria Cantwell (D-WA), and Senator Patty Murray (D-WA) released the following statements after the U.S. Senate approved H.R. 5504, to designate the U.S. Postal Service facility at 4801 West Van Giesen Street in West Richland, Washington as the “Sergeant Dietrich Schmieman Post Office.” Rep. Newhouse introduced H.R. 5504 with the support of the entire Washington delegation to honor the life and service of U.S. Marin

    More >>

    Rep. Dan Newhouse (R-WA), Senator Maria Cantwell (D-WA), and Senator Patty Murray (D-WA) released the following statements after the U.S. Senate approved H.R. 5504, to designate the U.S. Postal Service facility at 4801 West Van Giesen Street in West Richland, Washington as the “Sergeant Dietrich Schmieman Post Office.” Rep. Newhouse introduced H.R. 5504 with the support of the entire Washington delegation to honor the life and service of U.S. Marin

    More >>
  • NRA sues to block new Washington gun control measure

    NRA sues to block new Washington gun control measure

    Thursday, November 15 2018 10:47 PM EST2018-11-16 03:47:16 GMT

    The National Rifle Association is suing to block a new, voter-approved gun control measure in Washington state. 

    More >>

    The National Rifle Association is suing to block a new, voter-approved gun control measure in Washington state. 

    More >>