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The SavvyMoney® Credit Reporting Tool is ISU Credit Union’s new credit score tool that members can access in Online and Mobile Banking. Members can use the tool to get daily updates on their credit score when they log in without lowering their score.
SavvyMoney® also gives members information on how to improve or maintain their credit. It breaks down the five major categories that make up a credit score and tells members how they’re performing in each area.
Get the 411 on your credit score
With SavvyMoney you get your latest credit score and report, an understanding of key factors that impact the score, and special offers that can help reduce your interest costs. And don't worry, your score doesn't suffer because Savvy Money does a 'soft pull' on score.
Get your score and learn where you can improve with a visual dashboard to help guide you.
SavvyMoney will be live for all online and mobile banking members beginning November 18, 2019.
SavvyMoney is the best credit score information service out there if you’re looking to crack the code of credit ratings or learn how the information on your credit reports translates into a score. SavvyMoney will help you cut through the clutter of opinions and sales pitches to get to the facts of how you can use your credit to accomplish your life goals.
Tools offered by SavvyMoney include:
There is no cost to you whatsoever for the SavvyMoney credit score services or products provided by the Credit Union.
No. Checking SavvyMoney is a “soft inquiry,” which does not affect a credit score. Lenders use “hard inquiries” to make decisions about credit worthiness when you apply for loans.
SavvyMoney pulls your credit profile from TransUnion, one of the three major credit reporting bureaus, and uses VantageScore 3.0, a credit scoring model developed collaboratively by the three major credit bureaus: Equifax, Experian, and TransUnion. This model seeks to make score information more uniform between the three bureaus to provide consumers a better picture of their credit health.
No, ISU Credit Union uses its own lending criteria for making loan decisions.
SavvyMoney can help you manage your credit so when it comes time to borrow for a big-ticket purchase—like buying a home, car or paying for college—it provides you a clear picture of your credit health and can help you prepare to qualify for the lowest possible interest rate. You may also see offers on how you can save money on your new and existing loans with ISU Credit Union.
SavvyMoney uses bank level encryption and security measures to keep the data safe and secure. Your personal information is never shared with or sold to a third party.
SavvyMoney makes its best effort to show the most relevant information from a credit report. If you think some of the information is wrong or inaccurate, you can “File a Dispute” with Transunion by clicking on the “Dispute” link within SavvyMoney. If the inaccuracy is verified, Transunion will update your report. We would also suggest you obtain a free credit report from the other bureaus at www.annualcreditreport.com, and then dispute inaccuracies with each bureau individually. Each bureau has its own process for correcting inaccurate information.
No. ISU Credit Union does not automatically reprice loans using the SavvyMoney score. Your loans are priced from the credit union’s lending criteria at the time of funding.
The credit bureau phone numbers for each of the credit bureaus are listed below:
Based on your SavvyMoney Credit Score, you may receive offers from ISU Credit Union on related products or services. In most cases, these offers may have lower interest rates than the products you already have.
Offers may include: