Looking to
make the most of your money? Take some time and brush up on the ins and outs of
your credit report. With your credit score being the key to applying for a loan,
requesting an increase in your credit limit, or consolidating debt, you'll need
to understand how it works and how to maximize this critical financial metric.
That's why
we are excited to offer Telhio members Credit Score, a tool that allows you to conveniently monitor your credit
report within Telhio online or mobile banking! Credit Score allows you to:
- Receive daily credit monitoring
with alerts for major changes
- Identify and report credit
bureau errors
- Understand the factors that
impact your score and learn how you can improve it
But first
things first - how exactly do you obtain and understand your credit report?
There are
three major credit bureaus that collect information about your credit: TransUnion,
Equifax and Experian. A credit report compiles information that reflects
details about the history of your accounts, such as credit cards and loans.
Your credit
score is then calculated based on this history, which informs the credit
bureaus and lenders about your access to loan applications. This number fall
between 850 and 300. The higher the score, the better. It means you are
considered less of a financial risk.
The good
news? Your credit score can change based on a number of factors. So, if you're
less than thrilled about your result, there are ways to improve it. You can read more about those here.
What big
purchases do you foresee in the near or distant future? How is your credit
going to impact that journey? What do you need to do to align your score with
your financial goals?
For example, if you ever strive to rent or
apply for a mortgage loan, purchase or lease a car, obtain insurance, or take
out a personal loan, your credit score will play a crucial role. It can determine
your interest rate and even the basis of receiving approval.
So, if
you're ready to make monitoring your credit a regular part of your banking,
Telhio is here to help. Whether you're looking to improve your credit
or maintain an already great score, using Credit Score is simple. Just log in to your Telhio online or mobile banking app, and select the Credit Score widget
to get started!
The content in this article is true and accurate as of 4/30/2026.
