My Credit Score

What’s My Credit Score?

When it comes to credit, your credit score is critical.  Credit reports may affect your mortgage rates, credit card approvals, apartment requests, or even your job application. A credit score is a three digit number that represents your entire credit history.  Credit scores are designed to help predict how risky you will be as a borrower and what your chances are of making good on loans and other financial obligations.  The scoring system analyzes how you manage each piece of credit (such as credit card accounts, mortgages or home equity loans, car loans, school loans and other debt), and then calculates your credit score based on how you’ve handled your debts over time.

Get your credit score for free! 
We want to be your lifetime financial partner and understand that a credit score is one of the most important components of your financial profile.  As a valuable benefit of membership, South Bay Credit Union provides members their credit scores free of charge through online banking, It’s Me 247.  We will update your credit score at least every 6 months.  This is not a hard pull and will not impact your credit rating and not all members will have their credit score displayed.   Your score will also be updated anytime you apply for credit — so your history may reflect different scores at varying times.

Not all credit scores are equal
Keep in mind, there are many different credit scoring systems with different scales; a “good” credit score depends on the scoring system.  We get our scores from Experian and/or Transunion.  It may or may not be a similar credit score you get from other providers or monitoring services.   In addition, credit scores are in a constant state of flux and frequent small changes up and down over time are typical.

We’d love to have a conversation with you.  If you have any questions about  your score, want us to look for opportunities to save you money or would like to explore tips to improve your score, we invite you to visit with us.