TCB's FREE Credit Manager allows you to have the complete picture of your credit data, ongoing credit monitoring and access to the latest in credit related consumer advice tools in a personalized portal.
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Credit Manager features include the ability to
- Checking your credit score through Credit Manager is always a "soft inquiry" which does not affect your credit score. Your credit score is updated completely every 30 to 45 days.
- Credit score is calculated by weighing different components and attributes, known as factors, from your credit report. Credit Score Factors provides detail on what attributes a credit score considers, their relative impact to the credit score and the actual values contributing to your credit score. Each of the three credit bureaus (Equifax, Experian and TransUnion) uses a different model to calculate a credit score thus relating to a different credit score showing across other credit apps such as Credit Karma or others.
- Stay on top of your credit with alerts if your score changes.
- Try out the Credit Score Simulator to see how your credit score might change when you take certain actions like applying for a loan, opening a new credit card or paying off a credit card balance, before taking the action. Just like checking your credit score through Credit Manager, using the simulator does not affect your actual credit score.
- Debt Analysis allows you to track and manage your debt in one spot – easily see open balances and monthly payments. You can also enter your income to calculate and provide insight into your debt-to-income ratio.
- Learn simple actions you can take to improve your credit.
- Reports are viewable on-screen and can be emailed or downloaded.
- To dispute an error on your credit report, you may visit the Consumer Financial Protection Bureau website for step-by-step instructions.
How Do I Improve My Credit Score?
- Pay your bills on time.
- Reduce your credit utilization.
- Avoid or limit opening new accounts, especially multiple accounts in a short period.
- If you have no credit history, or a thin credit history, you can look into other ways to get yourself on record as making timely payments.
- Keep older accounts open. Length of credit history works for you. The longer you have an account open, the more stable you look to the bureaus.
- Consolidate your debts.
- Use credit monitoring.