Monitoring your credit score is one of the most important steps you can take to manage your financial health. Wings members have a powerful tool to support their financial success: credit score reporting from VantageScore.
No. The reports pulled for this are called “soft” inquiries. Soft inquiries are all credit inquiries where your credit is NOT being reviewed by a prospective lender.
Credit scoring models weigh many different factors, including the mix of types of accounts, the number of accounts you have and the length of time you've had them.
It's important to recognize that the various scoring models use slightly different criteria to determine your credit score. Newer models like VantageScore 4.0 are designed on the most recent timeframe and represent current consumer and lending practices. More data is incorporated to give a more complete picture of your credit standing. Also:
No. A change in your credit score will not impact existing credit accounts. However, it could influence the rates you are offered on future applications for credit.
First, enroll in credit score reporting. Once you have enrolled:
To begin receiving complimentary credit score reporting from VantageScore, you will need to enroll and agree to user terms – even if you were previously signed up for credit score reporting through Wings.