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Online Banking

Credit Score

A healthy credit score can unlock opportunities and savings that can help you achieve your financial goals. To help you understand and take control of your credit score, A+FCU members receive free access to VantageScore® 4.0.

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Free Monthly Credit Score Updates

With this tool, you can easily monitor your credit score – with no impact to your score.

To enroll and view your score each month, simply log in to A+ Online Banking or the A+ Mobile App. You’ll see the feature on the menu on the right side. From the A+ Mobile App, open the MORE option located at the top right corner of the home screen.

Paper titled Credit Report and displaying a 765 credit score lays on a desk with a pen, glasses, and the bottom left of a keyboard.

What’s A Credit Score?

A credit score is a three-digit number that predicts how likely a person is to repay a debt or other obligation; it’s based on a summary of your credit history, known as your credit report.

Lenders and other entities use credit scores to make determinations regarding loan, tenant, insurance, utility, and employment decisions. Credit scores typically range from 300 to 850, with higher scores being more favorable.

Credit Scoring Models

There are many credit scoring models, but the most common are FICO®, developed by Fair Isaac Corporation, and VantageScore®, founded by Equifax®, Experian™, and TransUnion®. Each model uses a different formula to calculate your credit score, but both consider similar factors and use the same credit score range

What Credit Scoring Model Does A+FCU Use?

Though A+FCU uses multiple models for lending decisions, we use VantageScore 4.0 to bring your credit score to you each month.

With the ability to score approximately 96% of the U.S. adult population, VantageScore is a key driver of equitable access to mainstream credit. By providing a fair and accurate credit score to a broader population, VantageScore gives us an opportunity to extend credit to more members.

Frequently Asked Questions

This is a soft inquiry and shouldn’t impact your credit score.

This is most likely due to a credit freeze or lock. If you’ve put a freeze on your credit, you can contact the credit bureau and have it removed to see your score. You should only do this if the freeze or lock is no longer necessary.

VantageScore 4.0 is a user-friendly credit score model developed by the three major nationwide credit reporting agencies – Equifax, Experian, and TransUnion and has scores ranging from 300 to 850.

It’s the first and only credit scoring system that examines consumer credit behavior over a period of time, instead of via a simple snapshot. By doing so, lenders make more confident decisions.

Learn More

There’s a variety of reasons why the VantageScore 4.0 you see in A+ Online Banking is different than other scores you’ve seen.

  • The other company may be using a different scoring model
  • Their credit file data may not be up to date or may not have been refreshed yet
  • Some lenders don’t report data to all three of the credit bureaus which means the score coming from that data may be different

Learn More

Scores can differ based on the frequency and timing of generating a credit report. Your loan rates won’t automatically be adjusted based on the latest credit score shown in the credit score module. However, if you believe that you qualify for a lower rate, talk with one of our A+ Lending team members about options.

Contact Us

Credit scores are updated in A+ Online Banking every month. However, your score may or may not change as it’s dependent on your credit activity.

Currently, we’re only able to monitor the primary member’s credit score. However, if they have an A+FCU account where they’re the primary member, they can enroll in A+ Online Banking to see their monthly score under that account.

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Credit Report Review

Let a professional help you make sense of credit. A counselor can guide you in obtaining your credit report and answer questions about credit scoring, how to build a strong credit history, how to correct errors on your credit report, and more.

How Can I Improve My Credit Score?

To improve credit, you must first understand the factors that influence your credit score. Though the terminology and weights are different across versions and scoring models, the factors remain relatively the same.

As you can see in the table below, making your payments on time and keeping your balances low are critical. Another component that helps your score is having mature credit accounts; the longer you have your accounts, the easier it is to identify trends and predict your behavior.

Scroll to see more details
table comparing vantagescore 4.0 to FICO scores
VantageScore 4.0 FICO Score
Payment History – 41% Payment History – 35%
Age & Mix Of Credit – 20% Amount Owed – 30%
Credit Utilization – 20% Length Of Credit History – 15%
New Credit – 11% New Credit – 10%
Balance – 6% Type Of Credit – 10%
Available Credit – 2%
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Improve Your Credit Score

Need to improve your credit score? Learn about the five components that factor into your credit score and how your behavior affects your score.

Membership required. To enroll in this service, you must be an A+FCU account holder enrolled in A+FCU Online Banking Services, a resident of the United States (or a United States territory), and at least 18 years old. VantageScore® will be delivered only to the A+FCU account holder and only if VantageScore® is available for the A+FCU account holder. In some circumstances, such as if your account is closed, charged-off, recently-opened, if you have a freeze on your credit, or if we are unable to verify your identity, you may not be eligible to receive a VantageScore® through this service. Terms and conditions apply and can be found here.

Credit Score Disclaimer
VantageScore® 4.0, which has scores ranging from 300 to 850, is a user-friendly credit score model developed by the three major nationwide credit reporting agencies, Experian, TransUnion, and Equifax. VantageScore 4.0 is utilized by certain lenders in the financial industry. Higher scores represent a greater likelihood that you may repay your debts; therefore, you are viewed as a lower credit risk to lenders. A lower score indicates to lenders that you may be a higher credit risk.

The three major nationwide credit reporting agencies mentioned above maintain a record of your credit history known as your credit file. Credit scores are based on the information in your credit file at the time it is requested. The information in your credit file may vary amongst each agency as some lenders report your credit history to only one or two of the agencies. Therefore, your credit scores may differ if the information on file for you is distinct. Since the information in your file may change over time, your credit scores may also fluctuate on a regular basis. In addition, different credit scoring models may also provide a different assessment of the credit risk or risk of default for the same consumer and same credit file.

There is a wide variety of credit scoring models that may be used by lenders and insurers. Your lender may not use VantageScore 4.0 for all products; thus, the score provided for certain products may differ from VantageScore 4.0. Your VantageScore 4.0 credit score may also vary from your score under other types of VantageScore models. Often times, your associated risk level may be the same even if the number varies. For some consumers, however, the risk assessment of VantageScore 4.0 may vary substantially from a lender’s score. If the lender’s score is lower than your VantageScore 4.0, it is possible that this difference can lead to higher interest rates and sometimes credit denial.

The credit scores presented in this Service are not FICO® scores and follow the VantageScore 4.0 consumer credit scoring model, which is not affiliated with Fair Isaac Corporation. The credit scores presented in this Service may not be identical in every respect to any consumer credit score provided by any other company.

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Life Guidance for:

(Re)Building Credit

Credit is factored into many decisions, including loan approvals, housing applications, insurance rates, and employment opportunities. To obtain the most favorable outcomes, it’s important to understand the basics of credit scores and credit reports.

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Life Guidance for:

Personal Finances

Financial health is a key part of overall wellness. Count on us to provide the knowledge and tools you need to make sense of your money, better your financial journey, and improve your peace of mind.

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