Understanding Your Credit Score in Credit+
Redwood Credit Union digital banking includes Credit+, a credit score tool that provides you with real-time access to your credit score and full credit report, clear explanations of the factors influencing your score, personalized tips for improvement, and many other features to help you reach your financial goals. You can access Credit+ by logging into digital banking. Credit+ uses the VantageScore® 3.0 model for determining your credit score.
About VantageScore®
VantageScore ® was founded by three credit reporting agencies – Experian®, Equifax®, and TransUnion®. This credit score model was developed by a team of statisticians, analysts, and credit data experts from each of the credit reporting companies, and is used by hundreds of institutions, including credit unions, banks, credit card issuers, and mortgage lenders. VantageScore® 3.0, a newer version of VantageScore® used in Credit+, is a credit score calculated on a scale of 300-850, with 300 being the lowest and 850 the highest score.
ÂLearn more about VantageScore®:
VantageScore® Frequently Asked QuestionsWhat is a VantageScore®? (Bankrate article)
How Credit Scores Work with VantageScore®
Understanding Federal Student Loan Repayment with VantageScore®
Take Control of Your Credit: How Credit Scores Could Impact Your Next Loan or Credit Card Application
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