Credit Score (SavvyMoney)

What is a Credit Score?
A credit score is a three-digit number calculated to indicate your creditworthiness. The higher the score, the more creditworthy you are to a lender. A cred...
Mon, May 20, 2024 at 3:09 PM
What is VantageScore®?
VantageScore® was founded by the 3 leading credit reporting agencies – Experian, Equifax, and TransUnion. This credit score model was developed by a represe...
Mon, May 20, 2024 at 3:14 PM
What is a Credit Report?
Credit reports, also known as credit files, are composed of the credit-related data a credit reporting company has gathered about consumers from different s...
Mon, May 20, 2024 at 3:20 PM
How Do I Correct My Credit Report if I Think There’s an Error?
Given this incredible volume of data provided by lenders to the agencies, there are times when the information reported about your credit activities may be ...
Tue, May 21, 2024 at 8:50 AM
Will VeraBank Use My SavvyMoney Credit Score to Make Loan Decisions?
No, the provided Credit Score within SavvyMoney is for educational purposes. The credit score provided within SavvyMoney is intended to help you underst...
Wed, May 22, 2024 at 1:59 PM
What is the Score Simulator Tool?
Score Simulator is an interactive tool that allows users to see how hypothetical actions may affect their credit score, including things like paying off a c...
Wed, May 22, 2024 at 1:54 PM
Is There a Fee to Use SavvyMoney Credit Score?
No. VeraBank provides SavvyMoney Credit Score for free.
Wed, May 22, 2024 at 1:55 PM
How Often Are SavvyMoney Credit Scores Updated?
Every 7 days scores are updated and displayed in Digital Banking. Users can also refresh their score and full report every 24 hours by clicking “Refresh Sco...
Wed, May 22, 2024 at 1:56 PM
How Does the SavvyMoney Credit Score Differ from Other Credit Scoring Offerings?
SavvyMoney pulls users’ credit profiles from TransUnion, one of the three major credit reporting bureaus, and uses VantageScore 3.0, a credit scoring model ...
Wed, May 22, 2024 at 1:57 PM
Why Do Credit Scores Differ?
There are three major credit reporting bureaus—Equifax, Experian, and Transunion—and two scoring models—FICO or VantageScore—that determine credit scores. F...
Wed, May 22, 2024 at 1:58 PM