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Effective May 31, 2020 mpowered is closed. We are grateful for the community‚Äôs support in our work to empower people to transform their financial futures and encourage you to continue working towards Financial Security for all.   If you are interested in scheduling a no-cost financial coaching appointment, please contact the Denver Financial Empowerment Center at 720.944.2498 or
Credit Score Magnifying Glass

Five Ways to Damage Your Credit Score

  1. Close old accounts.
  2. Make your loan payments late.
  3. Leave errors on your report.
  4. Max out your credit cards.
  5. Ignore your utility, medical and cell phone bills.

Looking instead to repair, or improve, your credit score?  Take our online Credit Education Tutorial!

Credit Reports & Scores

You may have heard that you should keep a close eye on your credit score.  When you apply for a loan, the lender will look at your credit score to determine your likelihood of repaying the loan.  When you apply to rent an apartment your landlord will ask to do a credit check.   You may also have been asked to allow a company to pull your credit in order to turn on a cell phone or utilities.

However, did you know that a low credit score could limit your security clearance for government and military jobs?  Did you know that a potential employer could decline you for a job based solely on your credit score? A low score could also force you to pay extra-high rates for auto insurance despite a flawless driving record.  Your credit score, once used exclusively by credit grantors to make lending decisions, is now used by a wide range of organizations to make financial and nonfinancial decisions affecting you. 

Mpowered is here to help you learn about your credit reports and scores.  Managing and keeping a high credit score can take a lifetime, but learning how to reach and maintain a high score need only take a few hours!

Mpowered offers several services to help you learn about your credit reports and scores.  Here are two ways to get started:

  1. Get started with mpowered’s online Credit Education Tutorial.  By the end of mpowered’s online tutorial you will not only understand many of the in and outs of the credit scoring system, you will also be empowered to enjoy the benefits a superior credit rating.
  2. Contact our office for a one-on-one Homebuyer Education consultation with a certified credit counselor.  In addition to learning about the pros and cons of homeownership and the financial preparation necessary to qualify for a mortgage, receive expert analysis of your credit reports.  Learn about tools to correct inaccuracies on your credit report, options and advice for managing your outstanding debt, and steps to take to improve your credit rating.

Safe travels on your credit education journey!