Monitoring Your Credit Score is Easier Than Ever

A: SavvyMoney is a comprehensive Credit Score program offered by Vermont Federal Credit Union, 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 may be able to see offers that can help reduce your interest costs. With this program, you always know where you stand with your credit and how Vermont Federal can help save you money.

Credit Score 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 Credit Score, when you check your credit report, there will be no impact to your score.

A: No. Credit Score and Credit Report by SavvyMoney is entirely FREE and no credit card information is required to register.

A: 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.

A: No, Vermont Federal Credit Union uses its own lending criteria for making loan decisions.

A: SavvyMoney uses bank level encryption and security measures to keep your data safe and secure. SavvyMoney's privacy policy can be found here.

A: No. Checking Credit Score by SavvyMoney 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.