SavvyMoney is a comprehensive platform that provides users with free and ongoing access to their latest credit scores and reports, real-time credit monitoring, and savings opportunities on existing and new loans and credit cards – all through their online and mobile banking
SavvyMoney Credit Report provides users with all the information they would find on a credit file including a list of current or previous loans and accounts and credit inquiries. Users can see details on their payment history, credit utilization, and the public records that show up on their accounts. Like Credit Score, when a user checks their credit report, there’s no impact on their credit score.
Score Simulator is an interactive tool that allows users to see how hypothetical actions may affect their credit score, including things like paying off a credit card balance or applying for a loan. Just like checking their credit score through SavvyMoney, using the simulator does not affect the user's credit score.
No. SavvyMoney is entirely free to the user, and no credit card information is required to register.
Every 7 days, scores are updated and displayed in digital banking. Users can also refresh their score and full report every 24 hours by clicking “Refresh Score” and navigating to the detailed Credit Score Dashboard within digital banking.
No, Chemung uses its lending criteria when making final loan decisions and has no access to SavvyMoney Credit Score. However, through SavvyMoney Analytics we can see what offers users are viewing and engaging with
SavvyMoney has implemented bank-level encryption and security policies to keep our user's data safe and secure. SavvyMoney also has a sophisticated system that scans for, and thwarts online bots, intrusions, and attacks. SavvyMoney’s policies and processes are reviewed annually by a third-party auditor and have been verified by multiple digital banking platforms' Security and Compliance teams to meet their stringent security guidelines to keep both users' and financial partners' data safe and secure
The SavvyMoney Credit Score is not intended to be comprehensive and may not provide all information about user accounts. We encourage users to take advantage of obtaining free credit reports from www.annualcreditreport.com to look for any incorrect information or discrepancies across all three bureaus. 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. For more information about disputes. The Consumer Financial Protection Bureau website offers step-bystep instructions on how to contact the bureaus and correct errors.
No. Checking SavvyMoney Credit Score is always a “soft inquiry,” which does not affect credit scores. Typically, ‘Hard inquiries’ are used by lenders to make decisions about their creditworthiness when users apply for loans. Multiple hard inquiries can lower a credit score
