It’s Here! My Credit Score 

Protect and Manage your Credit

Catholic Vantage Financial is excited to announce our new financial education tool,

My Credit Score!

 

Now, you have instant access to your credit score and report, along with personalized money-saving offers, and financial education tips to maintain or improve your score. My Credit Score will be available to you through online and mobile banking.

DOWNLOAD YOUR MOBILE APP NOW

For Apple IOS at App StoreFor Android on Google Play

What is My Credit Score?

My Credit Score is a free service offered to help you understand your current credit score, give access to your full credit report, provide credit monitoring alerts, show you how you can improve it and see ways you can save money on new and existing loans with us.

This comprehensive financial tool is a free benefit offered by Catholic Vantage Financial to help you stay on top of your credit. You get your latest credit score and report, an understanding of key factors that impact the score, and can see the most up to date offers that can help reduce your interest costs. With this program, you always know where you stand with your credit and find ways to help save you money.

Credit Monitoring and Alerts

You can review your credit report daily and receive alerts 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 injury has been made. Monitoring also helps users keep an eye out for identity theft.

(+) View The FAQs
  1. What information will My Credit Score report provide?
    A. My Credit Score 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. When you check your credit file with My Credit Score, there will be no impact to your score.
  2. Is there a fee?
    A. No. My Credit Score is entirely free, and provided as a member benefit by Catholic Vantage Financial. You are asked to enroll because your permission is needed to provide this information to you.
  3. How often is my credit score updated?
    A. As long as you are a regular online banking / mobile banking user, your credit score will be updated every month and displayed in your online banking / mobile banking screen. You can click “refresh score” as frequently as every day by navigating to the detailed Credit Sense site from within online banking.
  4. How does My Credit Score differ from other credit scoring offerings?
    A: My Credit Score 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.
  5.  Why do credit scores differ?
    A: 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.
  6. What if the information provided by My Credit Score appears to be wrong or inaccurate?
    A: My Credit Score 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 My Credit Score Report. However, The Federal Trade Commission website offers step-by-step instructions on how to contact the bureaus and correct errors.
  7. There is a section on the site that features both Catholic Vantage Financial product offers and financial education articles. Why am I seeing this?
    A: Based on your Credit Sense information, you may receive 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 are designed to provide helpful tips on how you can manage credit and debt wisely.
  8. Will accessing My Credit Score ‘ping’ my credit and potentially lower my credit score?
    A: No. Checking My Credit Score 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.
  9.  Can Customers use Credit Sense on mobile devices?
    A: Yes, Credit Sense is available for both mobile and tablet devices and is integrated inside our mobile application.
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