Committed to a brighter future for children, neighbors and communities.

We consider a healthy neighborhood to be one that is safe, clean, and diverse; one in which it makes economic sense for people to invest and one where neighbors manage change successfully.

We consider a healthy neighborhood to be one that is safe, clean, and diverse; one in which it makes economic sense for people to invest and one where neighbors manage change successfully.

The Basics of Credit Scoring

The Basics of Credit Scoring 

A credit score is a number calculated from information on your credit reports.  Generally, the higher the number, the better your credit history. 

Credit scores help predict the likelihood that you will pay your credit obligations on time and as  agreed.  

People with better (higher) credit scores are likely to present lower risk to lenders and other  businesses than people with lower credit scores. 

Two significant factors affect your scores: 

whether you repay your debts on time and as agreed, and 

how much you currently owe on each account compared to the credit limit or original loan amount. This is your credit utilization rate

There are multiple producers of credit scores, and each producer may have several types of  scores. One well-known company is Fair Isaac Corporation or FICO. 

VantageScore is another scoring model. 

What Makes Up a FICO Score? 

Your payment history accounts for 35% of your score. This shows whether you make payments  on time, how often you miss payments, how many days past the due date you pay your bills,  and how recently payments have been missed. 

How much you owe on loans and credit cards makes up 30% of your score. This is based on  the entire amount you owe, the number and types of accounts you have, and the amount of  money owed compared to how much credit you have available. 

The older your length of credit history grows, the better the impact tends to be on your credit  score. The length of credit history is worth 15% percent of your FICO Score 

Maintaining a mix of credit demonstrates that you can handle multiple types of loans. Along with  the other elements above, improving your credit mix can help you reach excellent credit score  status. Building a financially secure future is a game of inches, so even a portion as small as 10% of your credit score should be taken seriously. 

New credit makes up 10% of a FICO® Score. When you apply for new credit, inquiries remain  on your credit report for two years. FICO Scores only considers inquiries from the last 12  months. People tend to have more credit today and shop for new credit more frequently than  ever. 

Your credit utilization ratio, generally expressed as a percentage, represents the amount of  revolving credit you’re using divided by the total credit available to you. Lenders use your credit  utilization ratio to help determine how well you’re managing your current debt. To improve your  credit utilization ratio, it’s generally best to pay down your outstanding debt. Depending on your  situation, it may also be appropriate to consider increasing your credit limits on an existing  account to increase your Fico Score. If you want to maintain a low credit utilization ratio, try to 

estimate how much you spend on credit cards each month. Multiply this by 10 and use that as a  target for the available credit you want to have across your revolving accounts. You’ll then be  able to maintain your average spending while keeping your utilization rate around 10%.

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Grassroots Community Development
Grassroots Community Development3 days ago

More details are below - please reach out to Grassroots for any questions or interest!
Grassroots Community Development
Grassroots Community Development4 days ago
⭐ New Blog Post ⭐

"A partnership between Transformation Waco and Grassroots has helped us advance in our mission of commitment to a brighter future for children, neighbors, and communities.

Parent University got its official start in January at Alta Vista Elementary School. This program is focused on providing the parents and caregivers of students in TW campuses an opportunity to learn more about ideas, topics, or themes they’re interested in at no cost to the family."

To learn more about this program and continue reading about its impact on the community, read out latest blog post!
Grassroots Community Development
Grassroots Community Development7 days ago
We are overwhelmed with gratitude for all of the support we received from our community + friends at Rooted 2024! We could not do what we do here at Grassroots without you 💚
Grassroots Community Development
Grassroots Community Development2 weeks ago
Final Free Food Distribution coming up on May 13!

Join Calvary Baptist Church on May 13th from 5:30-7:30pm in their church parking lot to receive free food. All of your information is confidential, and if you have an ID please bring it with you to the pick-up. You can still receive food without an ID. No sign-up is necessary!
Grassroots Community Development
Grassroots Community Development2 weeks ago
Thank you for supporting us with our Rooted Banquet!
Grassroots Community Development
Grassroots Community Development2 weeks ago
A fun time with good food!

We had a wonderful turnout for the April PACTT meeting at Brook Avenue Elementary Thank you to Waco Family Medicine staff who came and shared how to sign up for telehealth and how parents can access their services. We are grateful for the access WFM provides in the Waco community. Another big thank you to Nurse Stacey from Alta Vista Elementary School who took some time to share with families what the role of the nurse is on campus and how parents can take advantage of their great care. Thank you for sharing your knowledge and care with us Nurse Stacey. We are grateful to Pastor Fu & Son BBQ -Relief Kitchen and their delicious new brisket burger recipe that they cooked for us. Their purpose is to serve families affected by natural disasters and we are grateful for the work they do across the country. Lastly, we want to thank all of the wonderful families who joined us that day. We are grateful for their presence and participation throughout the evening.

We invite all Brook Avenue families to the final PACTT meeting in the cafeteria on May 16th from 5 to 6:30 p.m. We will celebrate the year and make some fun family summer plans. There will be games and a raffle for some gift cards; you do not want to miss it! On May 16th, we will also enjoy a delicious meal provided by Greater Christian Tabernacle Church - Waco. For more information or to register, please reach out to Sarai at or Mrs. Michael at

¡Un rato divertido con comida rica!
¡Tuvimos una participación maravillosa en la reunión de PACTT de abril en Brook Avenue Elementary! Gracias al personal de Waco Familty Medicine que vino y compartió cómo inscribirse en la salud via telecomunicación y cómo los padres pueden acceder a sus servicios. Estamos agradecidos por el acceso que WFM brinda en la comunidad de Waco. Otro gran agradecimiento a la enfermera Stacey de Alta Vista Elementary que se tomó un tiempo para compartir con las familias cuál es el papel de la enfermera en el campus y cómo los padres pueden aprovechar su gran atención. Gracias por compartir su conocimiento y cuidado con nosotros, enfermera Stacey. Estamos agradecidos con Pastor Fu & Son BBQ - Relief Kitchen y su nueva y deliciosa receta de hamburguesa de brisket para nosotros. Su propósito es servir a las familias afectadas por desastres naturales y estamos agradecidos por el trabajo que realizan en todo el país.
Por último, queremos agradecer a todas las maravillosas familias que nos acompañaron ese día. Agradecemos su presencia y participación durante todas la presentaciones.

Invitamos a todas las familias de Brook Avenue a la reunión final de PACTT en la cafetería el 16 de mayo de 5 a 6:30 p.m. Celebraremos el año y haremos algunos planes divertidos de verano en familia. Habrá juegos y una rifa de algunas tarjetas de regalo; ¡No querrás perdértelo! El 16 de mayo, también disfrutaremos de una deliciosa comida proporcionada por la Iglesia Greater Christian Tabernacle Church - Waco. Para obtener más información o para registrarse, comuníquese con Sarai en o con Mrs. Michael en