Credit Score

Lower interest rates and fees are generally available to borrowers with higher credit scores. Lenders tend to have more confidence in your ability to repay the loan in a consistent and timely manner. You can use Credit Score inside of Digital Banking to track your score and get tips on how to increase it. 

To obtain a credit report, please contact us to review your options. P1FCU members also have free access to their credit score and report through Credit Score in Digital Banking. 

Credit Score is available to you in Digital Banking. Your credit score is provided as a free service to help you understand your current credit score, provide credit monitoring alerts, show you how you can improve it and see ways to save money on new, and existing loans with us.

You have instant access to your credit score, credit report, personalized money-saving offers, and financial education tips inside of Digital Banking.

You can check your score without impacting your credit score. You also have access to up-to-date monitoring notifications and the ability to check what affects your score and how you can improve your credit.

  • Log in to Digital Banking
  • Select More, click on Financial Planning, and select Credit Score. 
  • Read and agree to the Terms and Conditions and click Submit to continue.
  • Answer a few simple questions.
  • Now you're set with free unlimited access to your credit score and report.

Learn how to enroll in Digital Banking. 


No. Credit Score inside Digital Banking is entirely free and no credit card information is required to register.

As long as you are a regular Digital Banking user and enrolled in Credit Score, your credit score will be updated every month and displayed in your Digital Banking.

When you access your credit score through your Digital Banking, you have to do nothing! Your email address will get updated automatically when you update it in Digital Banking. However, you should always inform us of any contact information updates.


Credit Score makes its best effort to show you the most relevant information from your credit report. If you think that some of the information is wrong or inaccurate, we encourage you to take advantage of obtaining free credit reports from www.annualcreditreport.com and then pursuing with each bureau individually. Each bureau has its own process for correcting inaccurate information, but every user can “File a Dispute” by clicking on the “Dispute” link within their Credit Score Credit Report. The Federal Trade Commission website offers step-by-step instructions on how to contact the bureaus and correct errors.



Credit Score uses bank level encryption and security measures to keep your data safe and secure. Your personal information is never shared with or sold to a third party.

No, P1FCU uses its own lending criteria for making loan decisions.

Credit Score can help you manage your credit so when it comes time to borrow for a big-ticket purchase, like buying a home, car or paying for college, you have a clear picture of your credit health and can qualify for the lowest possible interest rate.

Yes. You will receive email alerts when there’s been a change to your credit profile.

If there is an error on your credit report from a P1FCU loan, contact us as soon as possible for assistance.

Credit Score pulls your credit profile from Experian, one of the three major credit reporting bureaus, and uses VantageScore 3.0. P1FCU uses Experian with VantageScore 4.0 for credit data for loan applications.

There are three major credit-reporting bureaus—Equifax, Experian and Transunion. There are also two scoring models, FICO or VantageScore, that determine credit scores. Financial institutions use different bureaus, as well as their own scoring models. Over 200 factors of a credit report may be taken into account when calculating a score and each model may weigh credit factors differently, so no scoring model is completely identical. No matter what credit bureau or credit scoring model is used, consumers do fall into specific credit ranges: Excellent 781–850, Good 661-780, Fair 601-660, Unfavorable 501-600, Bad Below 500.

No. Checking your credit score inside of Digital Banking is a "soft inquiry," which does not affect your credit score.  Lenders use "hard inquiries" to make decisions about your credit worthiness when you apply for loans.

Credit Score pulls your credit profile from Experian, one of the three major credit reporting bureaus, and uses VantageScore 3.0. P1FCU uses Experian with VantageScore 4.0 for credit data for loan applications.
 

We recommend setting up automatic payments. Automatic payments are the easiest and most secure way to stay on track and build your credit. 
 

Follow the steps below to make a loan payment in Digital Banking:

  • Log in to Digital Banking
  • If you're not enrolled in Digital Banking, click for step by step instructions. 
  • Select Transfers
  • Select Make a Transfer 
  • Select your From Account and To Account
  • Click Payment Type 
  • Select Your Desired Payment Type
  • Determine the Amount
  • Select the frequency of the payment and the date. 
  • Make sure everything looks right and click Review Transfer
  • Double check the transfer information and select Submit Transfer

You can stay one payment ahead, but not more than that. The Credit Builder Loan is designed to help you build credit steadily, so we encourage making monthly payments on schedule.

As soon as you’ve made the final payment, the funds will be available the next business day. For example, if you finish paying it off on a Tuesday, you’ll be able to access your savings on Wednesday. 

No. This is a secured loan, so we don’t pull your credit when you apply.

The Credit Builder Loan is designed to help you build a strong credit history by making consistent, on-time payments. We report your monthly payments to the credit bureaus, so staying on track is key to seeing positive results. It's a simple, safe way to show lenders you can manage credit responsibly.1











































































































    Need Help? We've Got Answers!

    Explore our FAQs for quick answers to your questions about P1FCU. 

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    1 Results are not guaranteed. Improvement in your credit score is dependent on your specific situation and financial behavior. Even if you are paying your loan, credit problems on other accounts you own such as late payments, missed payments and other defaults may impact your credit score. This loan will not remove negative credit history from your credit report.