Make Sense of Your Credit Score with Credit Sense!
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Stay in control of your financial health with Credit Sense! Seamlessly integrated into your Farmers Bank online banking and mobile banking app to make monitoring your credit score a breeze! Monitor your credit health, learn how to improve your score, access your credit report and gain access to financial tips and education! All without impacting your credit score and its absolutely FREE!
FAQs:
What is Credit Sense?
Credit Sense helps you stay on top of your credit by providing your latest credit score, credit report and helping your understand the key factors that impact your score. It also monitors your credit daily and can inform you daily by email if any significant changes are detected.
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 for Farmers Bank consumers.
Will accessing Credit Sense "ding" my credit and potentially lower my 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 my credit score 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 score.
What if the information in Credit Sense appears to be wrong or inaccurate?
Credit Sense shows the most relevant information from your 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 Farmers Bank 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 valid.
Why do credit scores differ?
Three major credit reporting bureaus (Equifax, Experian and Transunion) and two scoring models (FICO and VantageScore) determine credit scores. Financial institutions use different bureaus, as well as their own scoring models. Over 200 credit report factors my be considered when calculating a score and each model may weight credit factors differently, so no scoring model is identical.
Will Farmers Bank use Credit Sense to make loan decisions?
Farmers Bank uses its own lending criteria for making loan decisions.