My Credit Score

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SavvyMoney

Your credit score is a snapshot of your credit risk at a particular point in time. It can impact your ability to get a loan, receive the best loan rate, and in some cases, get a job. It is important that you know what your credit score is and understand what factors make up that number. SavvyMoney is a free resource within MyUSA’s online banking and mobile app that provides you free, ongoing access to your credit score, factors that impact it, and what you can do to strengthen it.

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Features and Benefits

  • Complete credit report and credit score
  • Detailed breakdown of the factors affecting your credit score
  • Personalized recommendations to help improve your score
  • Credit monitoring alerts
  • Easy access to dispute inaccurate information
  • Personalized money-saving offers
  • Helpful financial education and credit tips
  • And more

SavvyMoney Frequently Asked Questions

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.  You will also be able to see details on your payment history, credit utilization and public records that show up on your account. Like Credit Score, when you check your credit file, there will be no impact to your score.

The program is a free service for Members and is a great resource to help you improve your credit score. Plus, we’ll provide you personalized tips on improving your score and send you special offers! You can refresh your report daily without any negative affects to your score.

SavvyMoney also monitors your credit report daily and informs you by email if there are any big changes detected such as: a new account being opened, change in address or employment, a delinquency has been reported or an inquiry has been made. Monitoring helps users keep an eye out for identity theft.

You can find SavvyMoney in both our Online Banking and Mobile App.

SavvyMoney provides a detailed view of your credit report, including your open loans and credit accounts, recent credit inquiries, payment history, credit utilization, and any public records appearing on your credit file. Checking your credit report through SavvyMoney is a soft inquiry and will not negatively impact your credit score.

No. SavvyMoney is entirely free and no credit card information is required to register. The best part-since is, it is part of Online Banking and the Mobile App there are no additional username or passwords needed.

As long as you are a regular user, your credit score will update every month. You can click “refresh score” as frequently as every day by navigating to the detailed SavvyMoney site from within Online Banking or the Mobile App.

No. Checking SavvyMoney is a “soft inquiry”, which does not affect your credit score.  Lenders use ‘hard inquiries’ to make decisions about your credit worthiness when you apply for loans.

Yes. SavvyMoney will monitor and send email alerts when there’s been a change to your credit profile.

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.

There are three major credit-reporting bureaus—Equifax, Experian and Transunion—and two scoring models—FICO or VantageScore—that determine credit scores. Financial institutions use different bureaus, as well as their own scoring models. 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. No matter what credit bureau or credit scoring model is used, consumers do fall into specific credit ranges: Excellent 781–850, Good 661-780, Fair 601-660,
Unfavorable 501-600, Bad Below 500.

No. MyUSA Credit Union uses its own lending criteria for making loans.

No. SavvyMoney is a free service to help you understand your credit health, how you can make improvements in your score and ways you can save money on your loans with MyUSA Credit Union.

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 — you have a clear picture of your credit health and can qualify for the lowest possible interest rate. You’ll also see offers on how you can save money on your new and existing loans with MyUSA Credit Union.

SavvyMoney makes its best effort to show you the most relevant information from your credit report. If you think that some of the information is wrong or inaccurate, we encourage you to take advantage of obtaining free credit reports from www.annualcreditreport.com, and then pursuing with each bureau individually. Each bureau has its own process for correcting inaccurate information but every user can “File a Dispute” by clicking on the “Dispute” link within their Credit Sense Credit Report.

Based on your SavvyMoney information, you may receive MyUSA Credit Union offers on products that may be of interest to you. In most cases, these offers may have lower interest rates than the products you already have. The educational articles, written by Jean Chatzky and the SavvyMoney team, are designed to provide helpful tips on how you can manage credit and debt wisely.

Have more questions? Visit our Frequently Asked Questions page for answers to more common questions about MyUSA Credit Union.

Interactive Learning Experiences

Your credit score may seem like an ambiguous number, but it provides financial institutions and other companies with a snapshot of how “creditworthy” you are. Zogo offers short, interactive learning experiences will provide valuable information that will empower you to make smart financial decisions and create the life of your dreams.

We partner with the app that pays you to learn financial literacy. Download Zogo today with access code MYUSA.

Zogo is a gamified financial literacy app that rewards users for completing bite-sized financial literacy lessons on intelligently saving, spending, and managing money. Level up and earn while you learn, with real-life rewards, such as gift cards to your favorite stores!

Annual Credit Report

The three nationwide credit reporting companies (Experian, TransUnion, and Equifax) have a central Web site, toll-free number, and mailing address where you can order your free annual report. If you are planning a big purchase soon (new car or home) you may want to order all three credit reports at once. That way you can catch and correct any errors right away. If you’re not planning a big purchase, order from one bureau every 4 months to catch suspicious activity throughout the year.

  • Website for Free Credit Report: annualcreditreport.com
  • Call for Free Credit Report: 877.322.8228
  • Mail for Free Credit Report: PO BOX 105281, Atlanta, GA 30348-5281

Credit Education

Identity Theft

If you think you have become a victim of identity theft, visit report suspected identity theft to the FT online or call 877-438-4338.