On this episode of the Perfect Cents Podcast, host Alex Becerra sits down with Lawrence Lomeli, AVP of Consumer Lending at SAFE Credit Union, to break down the complex world of borrowing and credit to help you build financial freedom for your future.

Topics include:

• Borrowing as a Tool: Why credit should be viewed as leverage for big-ticket items like homes, cars, and education rather than a source of anxiety.
• Credit Score Factors: A deep dive into what influences your score, including repayment history, credit mix, and the depth of your profile.
• The Benefits of High Credit: How a strong score leads to better interest rates, lower costs, and more options from financial institutions.
• Overcoming Challenges: Understanding that credit is a journey and that past hardships like medical issues or setbacks are not a reflection of your self-worth.
• Red Flags to Avoid: Critical warnings about the dangers of payday loans and using credit for everyday living expenses like groceries and gas.

About the Guest: Lawrence Lomeli brings over 35 years of industry experience to the conversation, specializing in signature, personal, and auto loans. Resources: For more information on financial products and services, visit safecu.org to schedule an appointment with a professional expert today.

SAFE is federally insured by NCUA and is an equal housing opportunity lender.

Community & Local Favorites:

Land Ocean - New American Grill

To check out the resources highlighted in this episode visit the links below.

To learn more about SAFE Credit Union products and services visit: https://www.safecu.org/

To register for an upcoming Financial Wellness webinar visit: https://www.safecu.org/community/events

To read the latest edition of SAFE's Beyond Everyday Banking blog visit: https://blog.safecu.org/

To contact the podcast team, email [email protected]