Now, a Mobile and Online Banking Tip
from Wrtight-Patt Credit Union...
Once you’ve accessed My Credit Score
in Mobile or Online Banking,
there are a number of helpful features you can use
to understand your credit score – and more!
My Credit Score includes a Score Analysis
to help you understand the different factors that make up your score.
Clicking on these factors will show you how well you’re doing in each area
and recommended actions you can take to help improve your score.
First, you can view your “Score Rating,”
which represents your overall creditworthiness
and is based on your credit score.
Here’s where you can view your points journey and credit score history
to see how your score has changed over time.
You can also view your “Payment History”
which reflects how well you’re doing at paying your bills on time.
40 percent of your credit score is based on your history of on-time payments.
The Credit Usage tab shows you how much money
you’ve spent on your credit cards or accounts that have credit limits.
Try keeping your credit utilization under 30 percent.
Clicking on “Account Mix”
shows you the mix of your revolving and installment accounts.
Try to maintain a diverse mix of debt accounts.
“Credit Age” is based on the age of your accounts.
This makes up 21 percent of your score.
Keeping your accounts active helps build a great credit history,
which really helps your score!
Lastly, “Inquiries”
shows you the number of recent credit inquiries on your credit report.
Try to wait at least 6 months between credit inquiries.
To view your credit report, navigate back to the homepage
and click on “Credit Report.”
Here’s where you can see a summary of your credit report,
open accounts, balances, inquiries, and more.
It’s very important to review your Credit Report regularly
to detect any errors or inaccuracies
which can negatively affect your credit score.
Reviewing your report on a regular basis
can also help you spot potential identity theft
or fraud early.
If you find any errors or inaccuracies in your report,
click “Start a Dispute.”
Be sure to use these great features
available within My Credit Score —
a free tool to help you understand your score
and more!
Another Mobile and Online Banking Tip
from Wright-Patt Credit Union!