Keep track of your identity and credit score all in one convenient place
Today, life’s hustle and bustle doesn’t always leave us time to review day-to-day finances, let alone long-term budgeting goals. Moreover, many overlook the importance of a credit score, protecting our identity, and actively pursuing ways to save money.
At AdelFi, we understand you’re busy. That’s why we’ve partnered with SavvyMoney, our credit score and education partner, which provides access to your credit score, full credit report, credit monitoring, and money-saving offers specifically from us, your trusted financial institution. Did we mention this is all at no cost to you? This is another exclusive benefit of being an AdelFi member.
Credit Score
Access your credit score anytime, anywhere. Learn the factors that make up your credit score and get important educational information on improving your score with our easy-to-understand action items. Remember, the better your score, the more you’ll save with lower interest rates on new and existing loans.
Identity Monitoring
Review your full credit profile. Keep peace of mind knowing you can keep on top of your credit. And, if you find an account you don’t recognize, we’ve got your back; you can easily file a dispute with the credit bureau. We even monitor your credit and alert you if there are any changes to your credit profile.
Easy Setup
To review your credit score and full credit report, log into AdelFi Online Banking or use your AdelFi mobile app. Don’t wait; it’s quick, easy, and, best of all, FREE. Get started on the path to improving your overall financial health.
SavvyMoney FAQs
SavvyMoney Overview
Credit Score
What is a SavvyMoney Credit Score?
SavvyMoney is a comprehensive Credit Score program offered by AdelFi, that helps you stay on top of your credit. You get your latest credit score and report, understand key factors that impact the score, and 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 AdelFi can help save you money.
SavvyMoney also monitors your credit report daily and informs you by email if any big changes are detected, such as a new account being opened, a change in address or employment, a delinquency has been reported, or an inquiry has been made. Monitoring helps users keep an eye out for identity theft.
How does the SavvyMoney Credit Score differ from other credit scoring offerings?
SavvyMoney 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 give consumers a better picture of their credit health.
Credit Report
What is a SavvyMoney Credit Report
A SavvyMoney Credit Report provides all the information on your credit file, including a list of open loans, accounts, and credit inquiries. You will also see details on your payment history, credit utilization, and public records on your account. Like your Credit Score, when you check your credit report, there will be no impact on your score.
Credit Score Access and Impact
Accessing Scores
Will accessing my SavvyMoney Credit Score 'ding' my credit and potentially lower my credit score?
No. Checking your SavvyMoney Credit Score is a “soft inquiry,” which does not affect your credit score. Lenders use ‘hard inquiries’ to decide your creditworthiness when applying for loans.
How often is my credit score updated?
As long as you are a regular online banking user, your credit score will be updated monthly and displayed on your online banking screen. You can click “refresh score” as frequently as every day by navigating to the detailed SavvyMoney site from within online banking.
Usage in Decision-Making
Will AdelFi use SavvyMoney Credit Score to make loan decisions?
No, AdelFi uses its lending criteria for making loans.
If AdelFi doesn't use SavvyMoney Credit Score to make loan decisions, why do we offer it?
Your SavvyMoney Credit Score can help you manage your credit so when it comes time to borrow for a big-ticket purchase—like buying a car or paying for college—you have a clear picture of your credit health. You can qualify for the lowest possible interest rate. You’ll also see offers on saving money on your new and existing loans with AdelFi.
Accuracy and Monitoring
Score Accuracy
What if the information provided by SavvyMoney Credit Score appears wrong or inaccurate?
The SavvyMoney Credit Score tries to show you the most relevant information from your credit report. Suppose you think that some of the data is wrong or inaccurate. In that case, we encourage you to obtain free credit reports from www.annualcreditreport.com and then pursue correction with each bureau individually.
Each bureau has its process for correcting inaccurate information, but every user can “File a Dispute” by clicking on the “Dispute” link within their SavvyMoney Credit Report. However, The Federal Trade Commission website offers step-by-step instructions on contacting the bureaus and correcting errors.
Monitoring Services
Does SavvyMoney offer credit report monitoring as well?
Yes. SavvyMoney will monitor and send email alerts when there’s been a change to your credit profile.
Fees and Accessibility
Fees
Is there a fee?
No. SavvyMoney is free, and no credit card information is required to register.
Mobile Access
Can people use SavvyMoney on mobile devices?
SavvyMoney Credit Score is available for mobile and tablet devices and is integrated into our mobile application.
Personal Information and Site Features
Updating Personal Information
How do I change my email address or other personal information?
You have to do nothing if you access the SavvyMoney program through your online banking! Your email address will automatically be updated in SavvyMoney when you update it in online banking.
Site Features
There is a section on the site that features AdelFi product offers. Why am I seeing this?
Based on your SavvyMoney Credit Score information, you may receive AdelFi offers on products that interest you. In most cases, these offers may have lower interest rates than the products you already have.
General Credit Score Questions
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 scoring models. Over 200 factors of a credit report may be considered when calculating a score, and each model may weigh credit factors differently, so no scoring model is completely identical. Regardless of the credit bureau or scoring model, consumers fall into specific credit ranges: Excellent 781–850, Good 661-780, Fair 601-660, Unfavorable 501-600, and Bad Below 500.
