Frequently Asked Questions

SavvyMoney uses high-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.

Your score is updated daily.

There is not fee to use this service. However, you will be required to accept the service’s Terms and Conditions.

VantageScore 3.0 is based primarily on a 24-month review of your credit report. It ranges from 300 to 850, where a high score means lower credit risk. Your credit report has information such as your history of payment punctuality, the total amount of your available credit, the total amount and type of debt you have, the number of open and active accounts, and the longevity of your relationships with creditors. See the dates under your score to find out when your last score was calculated and when your next score refresh will be available.

LOC uses FICO for loan application approvals. 

No, LOC uses its own lending criteria for making loan decisions.

No. The score displayed is the current score of the primary user who holds account with LOC Credit Union.

Using this service should have no impact on your score.  Savvy Money does provide tips and suggestions on how you can improve your score over time.