Check Your Credit Score Daily
You are able to check your credit score every time you log into your consumer mobile banking app! Credit Score is a free service offered at Main Street Bank, powered by SavvyMoney®, to help you understand your current credit score, give access to your full credit report, provide credit monitoring alerts, show you how you can improve it and find helpful information and tools to keep your information safe.
With the Credit Score service, you can:
- Check your credit score daily
- Monitor your credit for unusual activity
- Receive alerts for changes to your credit
- View your full credit report
- See what affects your credit score
- Simulate how future actions may impact your score
- Dispute items on your credit report
- Get tips on rebuilding credit & saving money
The Benefits of free Credit Score
Stay up-to-date on your score without affecting your credit.
Many people worry that by checking their credit score too much they will see their score drop. Using Main Street Bank’s Credit Score service to check your score is what is known as a “soft inquiry,” which does not impact your credit score.
Monitor your credit to prevent fraud and identity theft.
This service monitors your credit report daily and informs you by email if there are any big changes detected, such as: a new account being opened, a change in address or employment, if a delinquency has been reported or an inquiry has been made. Monitoring helps users keep an eye out for identity theft.
Use credit simulation tools for making smart credit decisions.
Credit score events help you visualize the relationship of your credit score with payment history, usage, or opening and closing of accounts. Use the credit score simulator to see the potential impact of opening new accounts or paying off balances. This interactive tool will simulate your credit scores before you actually take any actions.
Access helpful information to empower you.
With the Credit Score service, you have access to helpful articles and recommendations from Main Street Bank to help protect you. The articles, written by financial expert Jean Chatzky and the SavvyMoney team, provide helpful tips on how you can manage credit and debt wisely. The recommended offers from Main Street Bank provide additional solutions you can use to keep your personal information safe. Our goal is to empower you with the information to make the most out of your money.
How to View Your Score
- Log into your Main Street Bank consumer mobile banking app.
- Select View Credit Score.
- Track your credit score and money saving recommendations.
Credit Score FAQs
What is Credit Score?
Credit Score is a service offered by Main Street Bank that helps you stay on top of your credit. You get your latest credit score and report, an understanding of key factors that impact the score, and can see the most up to date offers that can help reduce your interest costs. With this program, you always know where you stand with your credit and how your financial institution can help save you money.
Is there a fee to use this service?
No. The Credit Score service is entirely free for Main Street Bank customers who use mobile banking, and no credit card information is required to register.
Will accessing my Credit Score through Main Street Bank's mobile app potentially lower my credit score?
No. Using Credit Score through our mobile app is a “soft inquiry”, which does not affect your credit score. Lenders use “hard inquiries” to make decisions about your credit worthiness when you apply for loans.
Does this service offer credit report monitoring as well?
Yes. Credit Score will monitor and send email alerts when there’s been a change to your credit profile.
How often is my credit score updated?
As long as you are a regular mobile banking user, your credit score will be updated every month and displayed in your online banking screen. You can click “refresh score” as frequently as every day by viewing your credit score from within the Main Street Bank mobile banking app.
Is the Credit Score service available in online banking through a desktop computer?
No, the Credit Score service is currently only available through the Main Street Bank consumer mobile banking app. The app is available for iPhone or Android mobile devices.
We offer our customers one-on-one instructions on how to download and use our mobile banking app. Contact us or schedule an appointment at your local branch to answer your questions about using the Main Street Bank mobile banking app.
Is the credit score feature available for business mobile banking users?
No. The Credit Score service is only available in the Main Street Bank mobile banking app for consumers.
How does this credit score service differ from other credit scoring offerings?
Credit Score pulls your credit profile from TransUnion, one of the three major credit reporting bureaus, and uses VantageScore 3.0, a credit scoring model developed collaboratively by the three major credit bureaus: Equifax, Experian, and TransUnion. This model seeks to make score information more uniform between the three bureaus to provide consumers a better picture of their credit health.
Why do credit scores differ?
There are three major credit-reporting bureaus—Equifax, Experian and Transunion—and two scoring models—FICO or VantageScore—that determine credit scores. Financial institutions use different bureaus, as well as their own scoring models. Over 200 factors of a credit report may be taken into account when calculating a score and each model may weigh credit factors differently, so no scoring model is completely identical.
No matter what credit bureau or credit scoring model is used, consumers do fall into specific credit ranges:
- Excellent – 781–850
- Good – 661-780
- Fair – 601-660
- Unfavorable – 501-600
- Bad – Below 500.
Will I still be able to access my credit score if I have elected to have my credit frozen?
Yes, you can still view your credit score with this service if you have elected to have your credit frozen. You will see a note under your Personal Details that says, “Frozen by consumer as allowed by state law. File is returned due to exempted use.”
How do you keep my financial information secure?
Credit Score uses bank level encryption and security measures to keep your data safe and secure. Your personal information is never shared with or sold to a third party.
What if the information provided in Credit Score appears to be wrong or inaccurate?
Credit Score makes its best effort to show you the most relevant information from your credit report. If you think that some of the information is wrong or inaccurate, we encourage you to take advantage of obtaining free credit reports from www.annualcreditreport.com, and then pursuing with each bureau individually.
Each bureau has its own process for correcting inaccurate information but every user can file a dispute by clicking on the “Start a Dispute” link within their Credit Score report. However, The Federal Trade Commission website offers step-by-step instructions on how to contact the bureaus and correct errors.
How do I change my email address or other personal information listed in Credit Score?
If you access the Credit Score service through your mobile banking, you have to do nothing! Your email address will be updated automatically in Credit Score when you update it in online or mobile banking. However, we always encourage you to inform your financial institution of any contact information updates.