The answer to this question is an important one and one you should always be aware of. In fact, lenders will want to know too. This is especially true when it comes time to apply for a loan or credit card. Lenders pull from a credit bureau such as TransUnion, Equifax or Experian to determine if you are qualified or if you are a risky candidate for credit. It’s important to always monitor your standing and improve it in any way you can. It could make the difference between receiving or being declined for a house mortgage, auto loan, boat loan, etc. It also helps to determine what your interest rate will be on loans and credit accounts. Your credit score is a single number that can cost or save you a great deal of money in your lifetime.
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cPort wants to help you to stay on top of your credit and understand the key factors that impact your score. Additionally, the feature gives up-to-date offers that can help you save money by reducing your interest costs.
This free-for-members feature monitors your credit report daily to inform you by email if any major changes are detected. Those changes can include: an account being opened, a delinquency has been reported, change in address or employment or an inquiry has been made. This feature helps users keep an eye out for identity theft.
cPort has partnered with SavvyMoney to offer this useful capability. SavvyMoney pulls data from your TransUnion report every 24 hours. They use criteria such as payment history, credit usage and credit inquiries to reflect the recent changes to your credit score.
* While your credit score is relevant in our underwriting decisions, other factors may affect our decision to lend to you as well as the rate at which we may lend to you.