Check Your Credit Score Daily
You can check your credit score each time you log into your mobile or online banking! My Credit is a free service offered by Idaho Central Credit Union, powered by SavvyMoney®. With one click, you can check your credit score, view your credit report, and get up-to-date credit monitoring notifications. You can also find out what affects your score, how you can save money, and how to improve your score or rebuild your credit. It’s just one more way that Idaho Central is looking after your daily balance.
To activate and use this free service, simply click My Credit in mobile or online banking.
My Credit Allows You To:
- Check your credit score daily
- Monitor credit for unusual activity
- Get alerts for changes to your credit
- View your full credit report
- Dispute items on your credit report
- Get tips on rebuilding credit & saving money
- Get instant offers based on your credit
Benefits of My Credit
Stay up-to-date without affecting your credit.
Many people worry that by checking their credit score too much they will see their score drop. Actually, using My Credit to check your score is what is known as 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.
Monitor your credit to prevent fraud and identity theft.
My Credit 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, if a delinquency has been reported or an inquiry has been made. Monitoring helps users keep an eye out for identity theft.
Common sense tools for managing your credit.
Based on your My Credit information, you may receive helpful articles and product offers from Idaho Central Credit Union. The articles, written by Jean Chatzky and the SavvyMoney team, provide helpful tips on how you can manage credit and debt wisely. The product offerings may be of interest to you. In most cases, these offers may have lower interest rates than the products you already have. Our goal is to empower you with the information to make the most out of your money.
My Credit Frequently Asked Questions
What is “My Credit?”
My Credit helps you stay on top of your credit by providing your latest credit score and report, an understanding of key factors that impact the score, and offers to refinance your loans to help reduce interest costs. It also monitors your credit 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 or a delinquency or inquiry has been reported.
Is there a fee for My Credit?
No. My Credit is entirely free to Idaho Central Credit Union members who have online or mobile banking.
Will accessing My Credit “ding” my credit and potentially lower my credit score?
No. Checking My Credit 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.
Does My Credit offer credit report monitoring as well?
Yes. My Credit will monitor and send email alerts when there has been a change to your credit profile.
How often is the credit score updated?
The credit score will be updated every month and displayed in online banking. You can click “refresh score” as often as every day for an updated credit score.
How does the My Credit score differ from other credit scoring offerings?
My Credit pulls credit from TransUnion 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.
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. 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 identical.
Why doesn’t the APR rate in My Credit match the actual rate on my loan (home, credit card, student, auto)?
In most instances, lenders do not report interest rate information on accounts to the credit bureaus, which is where My Credit retrieves your information. To ensure we are providing you all of the info you need to be credit aware for all of your accounts, My Credit reverse calculates an APR estimate based on loan payments and term information.
For home loans, additional charges such as escrow balances are missing causing the APR estimate to vary from actual.
For credit cards or student loans, the APR estimate may vary as these types of accounts have fluctuating payment amounts and are open-ended (no true maturity date).
You are free to edit the APR estimate at any time to reflect the actual APR. My Credit will save the rate you input and display it for the life of the account.
Will ICCU use My Credit to make loan decisions?
No, ICCU uses its own lending criteria for making loan decisions.
If ICCU does not use My Credit to make loan decisions, why do we offer it?
My Credit 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 ICCU.
Why isn’t My Credit up-to-date with my most current balance on my credit cards?
It can take up to a month for all of your information to report to the credit bureaus. It depends on how often the companies you have your cards with report to the credit bureaus. Some companies only do this once a month. My Credit is not an instantly accurate representation on accounts. Refreshing your account will show accurate information as long as it has been reported to the credit bureau.
What if the information provided by My Credit appears to be wrong or inaccurate?
My Credit makes its best effort to show the most relevant information from a credit report. If you think that some of the information is wrong or inaccurate, you can obtain a free credit report from www.annualcreditreport.com, and then dispute inaccuracies with each bureau individually. Each bureau has its own process for correcting inaccurate information, but every My Credit user can “File a Dispute” with Transunion by clicking on the “Dispute” link within My Credit. If the inaccuracy is verified, Transunion will then share this with the other bureaus.
There is a section on the site that features both ICCU product offers and financial education articles. Why am I seeing this?
Based on your My Credit information, you may receive ICCU 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.
My Offers seems squished and the formatting is off. Why is this?
Check your browser settings. You may have the font set to Large instead of the recommended Medium.
When I’m in My Credit and I hit the back button or DONE on my mobile device, it takes me to a blank white screen with “My Credit” at the top. How do I get back to eBranch or back into My Credit?
Simply click the menu icon located at the top, left of the screen and select the widget you’d like.
How does My Credit keep my financial information secure?
My Credit 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.