Assess, Act, and Achieve Your Credit Score

Learn how to take control of your financial future with SavvyMoney’s Credit Score, available to Texell members within Digital Banking. The Credit Score solution helps you Assess, Act, and Achieve your way to a better credit score.

A credit score is a three-digit number that indicates creditworthiness calculated from the information in your credit report. A combination of your on-time payments, the length of your payment history, the different types of credit accounts you hold, and other factors compile your score. Learn more about what’s in your report in our article, Review Your Credit Report for Accuracy.

If you do not use credit accounts or have insufficient information for a credit score calculator to compute, you may not have a credit score or report. Many young people, recent immigrants to the United States, or those who are recently divorced or widowed many not have a credit score if they’ve never applied for or use credit. If you don’t use credit frequently enough, your credit file may lack enough information for a score. Once you have a credit account, make sure to use it at least once every 24 months. To get started building credit, you may need a co-signer on a loan, or you can obtain a secured credit card or credit-builder loan. Learn more in 4 Ways to Start Building Credit.

The higher your credit score is, the more creditworthy you are to a lender. Scores range from 300 to 850, and a good credit score is between 670 and 739. With SavvyMoney’s Credit Score solution, you’ll gain access to a powerful tool and insights that can transform your financial health.

How to use SavvyMoney's Credit Score:

Assess: Get a clear view of your current credit score and understand the factors influencing it.

Act: Use the Credit Score Action Plan to receive personalized recommendations and strategies for improving your credit.

Achieve: Track your progress and celebrate your successes as you work towards your perfect score.

Texell members can access all these features right through Digital Banking. To opt-in to this free tool, open Digital Banking, and scroll until you see Credit Score & Report. Click the Show My Score button and follow the instructions. Enrolling in SavvyMoney Credit Score is a soft inquiry and does not affect your credit score.

If you do not see this section in Digital Banking, select the three dots at the top right of the dashboard then choose Organize Dashboard. Select + Add a card in the bottom left, then choose both Credit Score & Report and Recommended for You. By selecting these two options, you can access all the tools available in SavvyMoney, including Score Simulator for suggestions to improve your credit score.

Now that you can access and monitor your credit score, you can take control of your financial future. Make sure to monitor your score and report frequently to keep your account protected from fraud. Learn more in How to Correct Credit Report Errors. If you need help getting your credit score or have questions about your account, contact Texell’s Member Services at 254.773.1604 or send a secure message in Digital Banking.

If you wish to comment on this article or have an idea for a topic we should cover, we want to hear from you! Email us at editor@texell.org.