Skip to Content

Be Savvy About Your Credit Score

Community Choice Credit Union logo

Published on August 08, 2022
 

Who has a credit score?

Everyone who has at least one line of credit open under their name. You’ll receive your first credit score one month after your first line of credit is opened.

What is a credit score?

A number from 300-850. Your credit score indicates how likely you are to pay back the money you might borrow from a financial institution. The higher the score, the more likely you’ll be approved for a loan.

Factors that go into your credit score

Where can you check your credit score?

Credit Score on iPhoneUse Credit Score, powered by SavvyMoney, in e-Banking. , then:

  1. Select Financial Wellness from the e-Banking menu, then select Credit Score.

  2. Enter the primary member’s date of birth and agree to the terms and conditions to enroll.

  3. Verify your identity by answering three questions based on the primary member’s credit report.

When is your credit score used?

When you want to borrow money from a bank or credit union for a personal loan, student loan, or a mortgage on your house.

Soft pull versus hard pull

A soft pull will not show up on your credit report and is usually the result of you personally checking your credit score. A hard pull will show up on a credit report and may affect your score. This often occurs when you are opening a new line of credit.

Read more Credit Tips

Let's Connect

Let's
Connect
Close the connect options

External Link Disclaimer

You are navigating to another website. Community Choice is not responsible for any content within and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Community Choice of any information in any hyperlinked site.

Email Disclaimer

Continue Close the disclaimer modal window
Documents in Portable Document Format (.PDF) require Adobe Acrobat Reader 5.0 or higher to view. Download it now.