February 16, 2021

Forks

Grand Forks financial manager says maintaining a good credit rating helps consumers meet financial goals

“Essentially, credit ratings are like a report card for how you handle your finances,” said Chris Moen, northern valley lead financial guide with Alerus Financial in Grand Forks. “It’s one way that lenders can determine your risk.

“With that being said, having a higher score can save you considerable amounts of money, due to better interest rates that you qualify for. It can also help you qualify for financing throughout the journey of your life, whether it be a car, a home, a business. And, really, it can help enable you to take advantage of opportunities that can actually help

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