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Credit Sense
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STAYING ON TOP OF YOUR CREDIT HAS NEVER BEEN EASIER. With one powerful tool, access your credit score, full credit report, All of this without impacting your credit score. You can do this ANYTIME and ANYWHERE and for FREE. |
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YOUR CREDIT SCORE. Access your credit score and report in the MHFCU mobile banking app and FOCUS |
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Frequently Asked Questions
WHAT IS CREDIT SENSE?
Credit Sense helps you stay on top of your credit by providing your latest credit score and report and understanding key factors that impact the score. It also monitors your credit daily and imforms you by email if any significant changes are detected, such as a new account being opened, a change in address, employment, delinquency, or inquiry has been reported.
DOES CREDIT SENSE OFFER CREDIT MONITORING AS WELL?
Yes, Credit Sense will monitor and send email alerts when there has been a change to your credit profile.
IS THERE A FEE FOR CREDIT SENSE?
Credit Sense is entirely free to members of MHFCU.
WILL ACCESSING CREDIT SENSE "DING" MY CREDIT AND POTENTIALLY LOWER MY CREDIT SCORE?
Credit Sense is a "soft inquiry" which does not affect a credit score. Lenders use "hard inquiries" to make decisions about creditworthiness when you apply for loans.
HOW OFTEN IS THE CREDIT SENSE UPDATED?
The credit score will be updated every seven days and displayed in mobile and online banking. You can click "refresh score" as often as every day for an updated credit score.
WHAT IF THE INFORMATION PROVIDED BY CREDIT SENSE APPEARS TO BE WRONG OR INNACURATE?
Credit Sense shows the most relevant information from a credit report. If you think some information is wrong or inaccurate, you can obtain a free credit report from www.annualcreditreport.com and then dispute inaccuracies with each bureau individually. Each bureau has its process for correcting inaccurate information, but every MHFCU Credit Sense user can "File a Dispute" with Transunion by clicking on the "Dispute" link within Credit Sense. Transunion will share this with the other bureaus if the inaccuracy is verified.
WHY DO CREDIT SCORES DIFFER?
Three major credit-reporting bureaus (Equifax, Experian, and Transunion) and two scoring models (FICO or VantageScore) determine credit scores. Financial institutions use different bureaus, as well as their own scoring models. Over 200 credit report factors may be considered when calculating a score, and each model may weigh credit factors differently, so no scoring model is identical.
WILL MHFCU USE CREDIT SENSE TO MAKE LOAN DECISIONS?
MHFCU uses its own lending criteria for making loan decisions.