Today, life’s hustle-and-bustle doesn’t always leave us time to review day-to-day finances, let alone review long-term budgeting goals. What’s more, many of us overlook the importance of a credit score, protecting our identity, and actively pursuing ways to save money.
At AdelFi, we understand you’re busy. That’s why we’ve partnered with SavvyMoney, our credit score and education partner, that provides you access to your credit score, full credit report, credit monitoring, and money saving offers specifically from us, your trusted credit union. Did we mention this is all at no-cost to you? This is another exclusive benefit of being an AdelFi member.
Understand Your Credit Score
Access your credit score anytime, anywhere. Learn the factors that make up your credit score and get important educational information on how to improve your score with our easy to understand action items. Remember, the better your score, the more you’ll save with lower interest rates on new and existing loans.
Protect Your Identity
Review your full credit profile. Gain peace of mind in knowing you can keep on-top of your credit. And, if you find an account you don’t recognize, we’ve got your back, you can easily file a dispute with the credit bureau. We even monitor your credit and alert you if there are any changes to your credit profile.
Access through Online and Mobile Banking
To review your credit score and full credit report, log into AdelFi Online Banking or use your AdelFi mobile app. Don’t wait, it’s quick, easy and best of all, FREE. Get started on the path to improving your overall financial health.
SavvyMoney is a comprehensive Credit Score program offered by AdelFi, that helps 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 how AdelFi can help save you money.
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.
A 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 your Credit Score, when you check your credit report, there will be no impact to your score.
No. Checking your SavvyMoney 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.
No. SavvyMoney is entirely free and no credit card information is required to register.
As long as you are a regular online banking user, your credit score will be updated every month and displayed in your online banking screen. You can click “refresh score” as frequently as every day by navigating to the detailed SavvyMoney site from within online banking.
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 considered 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, AdelFi uses its own lending criteria for making loans.
SavvyMoney uses bank level encryption and security measures to keep your data safe and secure. Your personal information is never shared with or sold to a third party.
Your SavvyMoney Credit Score can help you manage your credit so when it comes time to borrow for a big-ticket purchase—like buying a 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 AdelFi.
The SavvyMoney 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 correction 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 SavvyMoney Credit Report. However, The Federal Trade Commission website offers step-by-step instructions on how to contact the bureaus and correct errors.
Based on your SavvyMoney Credit Score information, you may receive AdelFi 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.
Yes. SavvyMoney will monitor and send email alerts when there’s been a change to your credit profile.
If you access SavvyMoney program through your online banking, you have to do nothing! Your email address will get updated automatically in SavvyMoney when you update it in online banking.
Yes, SavvyMoney Credit Score is available for both mobile and tablet devices and is integrated inside our mobile application.