Your Credit Score: Why Monitoring Matters
Your credit score is one of the most important numbers in your financial life. It can influence whether you’re approved for loans, the rates you pay, and even housing or job opportunities. Keeping an eye on your score isn’t just smart; it’s essential.
Why Monitoring Your Credit Score Matters
Spot Errors Early
Mistakes on your credit report (such as accounts you didn’t open or incorrect balances) can hurt your score. Regular monitoring gives you the chance to catch and fix errors quickly.
Prevent Identity Theft
Unfamiliar accounts or sudden drops in your score can signal fraud. Monitoring your credit score is an effective way to catch red flags early and take action before more damage occurs.
Understand the Big Picture
Your score reflects your overall credit health. By checking it regularly, you can see how factors like payment history, credit utilization, and the length of your credit history affect your financial standing.
Reach Your Goals Faster
Planning to buy a car, a home, or apply for a credit card? Knowing your credit score helps you understand where you stand and what steps to take before applying, so you can qualify for the best possible rates.
How SavvyMoney Credit Score at LVECU Makes It Easy
When you’re a member of LVECU, you have 24/7 FREE access to your credit score available to you right within our digital banking platforms. With SavvyMoney Credit Score, you get:
Credit Monitoring & Alerts – Your credit score is monitored daily and sends real-time alerts for changes to your credit score or report, such as new inquiries, account openings or signs of potential fraud, such as address or employment changes.
Credit Score Analysis – Get a clear breakdown of what’s affecting your score to better understand and manage your credit health.
Credit Score Goals – It allows you to set and track specific targets for improving your credit score.
Score Simulator – Explore how different financial decisions could impact your credit score with this interactive tool.
Personalized Tips – Get tailored guidance on improving or maintaining your score.
Educational Resources – Discover expert insights from Jean Chatzky, along with financial tips and tools to help educate you on your credit score.
Exclusive Offers – You’ll get offers on loans, credit cards, and deposit products based on your credit profile.
Take Control Today
Your credit score doesn’t have to be a mystery. With regular monitoring and the right steps, you can protect yourself, correct mistakes, and build a stronger financial future.
If you’re not currently enrolled in Online Banking, just click the ‘Login’ button in the top right corner of our website and select ‘Enroll’ to get started. You can also enroll directly through our mobile app. Have additional questions? Give us a call at 610-820-0145, we're happy to help!