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If you’re thinking about applying for a mortgage loan in the near future, a major topic to consider is your debt. Lenders will consider your entire financial and credit picture when determining the types of loans and rates you qualify for, and the debt you carry and your history repaying it will be key among the factors they look at.

Q: Some of my friends keep asking to borrow my credit card and I’m wondering if this is a good idea. Should I be lending out my credit card?

At Wasatch Peaks Credit Union, one of our numerous financial services offered is our Visa Platinum Cards, which come with fantastic rates and numerous benefits, including no annual fee and free online statements. These, along with other credit card types, can serve as the foundation for a solid credit history that translates into a high credit score for a car loan, mortgage loan or a variety of other potential needs.