In most cases, these offers may have lower interest rates than the products you already have. Why am I seeing this?īased on your SavvyMoney Credit Score information, you may receive offers from HAPO on products that may be of interest to you. There is a section on the site that features both HAPO product offers and financial education articles. However, The Federal Trade Commission website offers step-by-step instructions on how to contact the bureaus and correct errors. Each bureau has its own process for correcting inaccurate information but every user can “File a Dispute” by clicking on the “Dispute” link within If you think that some of the information is wrong or inaccurate, we encourage you to take advantage of obtaining free credit reportsįrom and then contacting each bureau individually. The SavvyMoney Credit Score makes its best effort to show you the most relevant information from your credit report. What if the information provided by SavvyMoney Credit Score appears to be wrong or inaccurate? Your personal information is never sold to a third party. SavvyMoney uses bank level encryption and security measures to keep your data safe and secure. How does SavvyMoney Credit Score keep my financial information secure? No, your SavvyMoney Credit Score is a free service to help you understand your credit health, how you make improvements in your score and ways you can save money on your loans. Will SavvyMoney share my credit score with HAPO? HAPO will only use the credit score pulled internally during the application process or your current SavvyMoney credit score while enrolled through HAPO’s online and mobile banking. Will HAPO honor any credit score provided by the member through other online credit providers, financial institutions, or dealers? We will review your information and determine if there is a better offer we can provide you. If your SavvyMoney score is different than the score we have, simply print out While your SavvyMoney credit score may differ from the scores we get internally from the credit bureaus, our goal is to provide you with the best offer we can. Will HAPO honor my SavvyMoney credit score for loan applications?Ībsolutely. Used, consumers do fall into specific credit ranges: Excellent 781–850, Good 661-780, Fair 601-660, Unfavorable 501-600, Poor < 501. No matter what credit bureau or credit scoring model is Over 200 factors of a credit report may be taken into account when calculating a score and each model may weigh credit factors differently, so no scoring model is completely identical. Financial institutions use different bureaus, as well as their own scoring There are three major credit-reporting bureaus-Equifax, Experian and Transunion-and two scoring models-FICO or VantageScore-that determine credit scores. Model seeks to make score information more uniform between the three bureaus to provide consumers a better picture of their credit health. 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. How does the SavvyMoney Credit Score differ from other credit scoring offerings? You can click “refresh score” as frequently as every day by navigating to the detailed SavvyMoney How often is my credit score updated?Īs long as you are a regular online banking user, your credit score will be updated every month and displayed in your online banking screen. SavvyMoney is entirely free and no credit card information is required to register. When you view your credit report, there will be no impact to your score. You will also be able to see details on your payment history, credit utilization and public records SavvyMoney Credit Report provides you all the information you would find on your credit file including a list of open loans, accounts and credit inquiries. Frequently Asked Questions What is SavvyMoney Credit Report?
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