Credit Sense
Harvest your financial potential and maximize your borrowing power with Credit Sense!
What Benefits Does Credit Sense Offer?
Members can track their progress, stay on top of changes, and explore resources to help boost credit worthiness over time!
Credit Reporting & Alerts
Score Analysis & Recommendations
Simulator Tool & Goal Setting
Access Credit Reporting and Score Analysis
When you enroll in Credit Sense, you’ll be able to view your on-demand credit score analysis, which helps to easily break down key factors that are affecting your score.
Plus, you can easily download your most recent credit report, so you’ll never miss a thing!
Log in to Online Banking and select “Credit Sense” to enroll.
Resources and Goal Setting
Credit Sense offers a full suite of tools you can use to set SMART goals, expand your credit knowledge, and see the impacts of your financial decisions:
Credit Monitoring: See what’s changed your score and how you can improve your financial wellness.
Debt-to-Income (DTI): Visualize your DTI Ratio and get personalized recommendations for improvement.
Score Simulator: Plan ahead and simulate how your TransUnion VantageScore 3.0 would be affected by certain actions.
Credit Goals: Set customizable goals and track your progress to stay motivated and achieve financial success.
Frequently Asked Questions
Credit Sense is a free service offered by First Harvest to help our members manger their credit score and learn how their financial decisions play a key factor in their credit health and borrowing potential. With this convenient access to current information, you’ll always know where you stand with your credit!
Enrolling is easy! Simply log in to your Online Banking account. On the right-hand side of your dashboard, click on the “Credit Sense” link to enroll!
No, there is no fee to enroll or utilize Credit Sense and its various financial resources and credit monitoring tools.
No, checking your credit score and viewing your most recent credit report within Credit Sense is considered a “soft inquiry,” which does not affect your credit score. Lenders will use “hard inquiries” to make decisions about your credit worthiness when you apply for loans, which do affect your credit score.
The three national credit reporting agencies receive and manage billions of pieces of credit use data each year, reported from some 13,000 different sources. Given the incredible amount of data provided by lenders to the agencies, inaccuracies are likely.
If you find incorrect information in your credit report, contact the company that issued the account or the credit reporting company that issued the report. You can dispute any inaccuracies found on your TransUnion credit report within Credit Sense by navigating to the bottom of your SavvyMoney Credit Report and clicking “dispute”.
A credit score is a three-digit number calculated to indicate your creditworthiness. The higher the score, the more creditworthy you are to a lender. A credit score is calculated from the information in your credit report and takes into account whether you have been making on-time payments, your revolving debt use, the length of your payment history, and other such factors. It is important to note that your score does not take your age, income, employment, marital status, or bank account balances into account.
You can learn more about credit scores and scoring models from the Consumer Financial Protection Bureau website.
VantageScore® was founded by the 3 leading credit reporting agencies – Experian, Equifax, and TransUnion. This credit score model was developed by a representative team of statisticians, analysts, and credit data experts from each of the credit reporting companies, and is used by hundreds of institutions, including credit unions, banks, credit card issuers, and mortgage lenders.
The VantageScore® 3.0, the score that is shown in Credit Sense’s SavvyMoney page, is a newer and more popular version of VantageScore®. It is calculated on a scale of 300-850, with 300 being the lowest and 850 the highest score.
Simple Tips to Improving Your Credit!
