At People Driven Credit Union (PDCU), empowering our members with financial knowledge and tools has always been a top priority. That’s why we are excited to announce the launch of our latest offering: the MyPDCU Credit Score & Score Simulator, available through our MyPDCU Banking App starting May 13, 2024.
What is the MyPDCU Credit Score & Score Simulator?
It is a revolutionary service designed to demystify credit scores and empower our members to take control of their financial health. This free feature, integrated seamlessly into our online and mobile banking platforms, provides a comprehensive suite of tools to help members understand, monitor, and improve their credit scores.
Key Features of PDCU Credit Score & Score Simulator
Free Credit Score Access: Members gain instant access to their latest credit scores and reports, helping them stay informed about their financial standing.
Real-time Monitoring and Alerts: Receive timely alerts about changes to your credit report, enabling proactive management of your credit profile.
Credit Report Details: Access a comprehensive breakdown of your credit file, including loan history, credit inquiries, payment patterns, credit utilization, and public records.
Credit Goals: Create your credit score goal to receive personalized recommendations and track your progress.
Score Simulator Tool: One of the standout features is the interactive Score Simulator Tool. This innovative tool allows members to visualize how specific financial actions, such as paying off a credit card balance or applying for a loan, could impact their credit score. Members can make informed decisions about their financial strategies by simulating scenarios without affecting their credit scores.
Why Choose MyPDCU Credit Score & Score Simulator?
Free of Charge: MyPDCU Credit Score & Score Simulator is free for our members. There are no hidden fees or credit card requirements.
Seamless Integration: You can access your credit score and reports directly through our secure MyPDCU Banking App, making financial management convenient and accessible.
Empowering Financial Decisions: Understand how your financial behaviors influence your credit score and leverage this knowledge to build a stronger economic future.
How to Get Started
Getting started with MyPDCU Credit Score & Score Simulator is easy. Log in to your MyPDCU Banking App and navigate to the Credit Score section to access your personalized credit insights.
Take Charge of Your Financial Future
At People Driven Credit Union, we believe that financial empowerment begins with knowledge. With the MyPDCU Credit Score & Score Simulator, we are committed to providing our members with the tools they need to make informed financial decisions and achieve their goals.
Ready to explore your credit score and unlock new possibilities? Download the MyPDCU Banking App today and embark on a journey towards financial confidence with the MyPDCU Credit Score & Score Simulator.
Frequently Asked Questions
Create your credit score goal by selecting your desired credit score and the timeframe in which you want to achieve that your goal. Receive personalized recommendations and track your progress. Edit your goal at any time and receive messages when meeting milestones.
Are you ready to create, track, and achieve your credit goals? Download the MyPDCU app with Credit Score and Report today.
Yes, MyPDCU Credit Score & Score Simulator and all other features are available on mobile and tablet devices. They are integrated within People Driven Credit Union's mobile banking application.
Yes, Members can easily choose when People Driven Credit Union contacts them. Navigate to the “Resources” tab, and then under “Profile Settings,” members can choose which email notifications they receive. MyPDCU Credit Score & Score Simulator sends out three types of emails: Credit Monitoring Alerts, General Messages, and Monthly Notices. Members will be automatically enrolled in all email communications and can easily unselect the specific email types they do not wish to receive.
Yes. Alerts are provided via the MyPDCU app, digital banking, and email. The user can update their email preferences for emails by navigating to “Resources” and the “Profile Settings” section.
MyPDCU Credit Score & Score Simulator will provide the following monitoring alerts:
An account has been included in bankruptcy.
An account is reported as delinquent.
A fraud alert has been placed on the credit file.
A previously derogatory account is now current.
A new account has been opened.
An account in your name shows a different address.
An account in your name listed a new employer.
A new inquiry on the credit file.
A new public record has been reported.
No. Checking your MyPDCU Credit Score is always a “soft inquiry,” which does not affect credit scores. Typically, ‘Hard inquiries’ are used by lenders to make decisions about their creditworthiness when Members apply for loans. Multiple hard inquiries can lower a credit score.
Suppose a People Driven Credit Union member has no credit history and/or a low credit score. In that case, they will be shown educational articles or products that cater to those credit score profiles (if offered).
The MyPDCU App features a section with product offers and financial education articles. Based on their MyPDCU credit score information, Members may receive PDCU prequalified offers (invitation to apply) on products that may interest them. Sometimes, these offers may have lower interest rates than the products they already have or can save them money on their monthly payments. The educational articles are designed to provide helpful tips on how Members can manage credit and debt wisely.
The MyPDCU Credit Score is not intended to be comprehensive and may not provide all information about user accounts. We encourage Members to obtain free credit reports from www.annualcreditreport.com to look for incorrect information or discrepancies across all three bureaus. Each bureau has its process for correcting inaccurate information. Still, users can “File a Dispute” by clicking on the “Dispute” link within their PDCU Credit Report for more information about disputes. The Consumer Financial Protection Bureau website offers step-by-step instructions on contacting the bureaus and correcting errors.
People Driven Credit Union has implemented bank-level encryption and security policies to keep our users' data safe and secure. People Driven Credit Union also has a sophisticated system that scans for and thwarts online bots, intrusions, and attacks. People Driven Credit Union’s policies and processes are reviewed annually by a third-party auditor and verified by multiple digital banking platforms' Security and Compliance teams to meet their stringent security guidelines to keep both Members' and financial partners' data safe and secure.
No, People Driven Credit Union uses our own lending criteria when making final loan decisions and has no access to MyPDCU Credit Score & Score Simulator. However, through MyPDCU Analytics, we can see what Members view and engage with.
MyPDCU Credit Score & Score Simulator are represented in ranges shown as follows:
780–850—This scoring range is considered “Excellent.” Members in this range have healthy credit histories and are usually eligible for the lowest rates on loans and credit card offers.
660-779—This score range is considered “Good.” These Members have good credit but may have a few minor issues. They may still receive favorable rates on loans and cards.
600-659 – This scoring range is considered “Fair.” Members in this range may not get the lowest loan rates, and borrowing opportunities become limited.
500-599—This scoring range is “Unfavorable.” Members in this range are new to credit or have severe issues with their credit history. They may still get loans but at significantly higher rates.
Below 500—This range is “Deficient.” Members in this range are new to credit or have had significant defaults or other negative marks. They may find it hard to get loans.
Looking to increase your credit score? People Driven Credit Union members get free, 1-on-1 credit counseling and financial education through GreenPath Financial Wellness.
Three major credit reporting bureaus—Equifax, Experian, and Transunion—and two scoring models—FICO or VantageScore—determine credit scores. Financial institutions use different bureaus and scoring models. Over 200 factors of a credit report may be considered when calculating a score, and each model may weigh credit factors differently. Hence, no scoring model is completely identical, although there are similarities.
MyPDCU Credit Score pulls Members’ credit profiles from TransUnion, one of the three major credit reporting bureaus. It uses VantageScore 3.0, a credit scoring model developed collaboratively by the three major credit bureaus, to make score information more uniform between the bureaus and provide consumers with a better picture of their credit health. Key factors that drive the score are the same.
Scores are updated and displayed in digital banking every seven days. People Driven Credit Union members can refresh their score and full report every 24 hours by clicking “Refresh Score” and navigating to the detailed Credit Score Dashboard within digital banking.
MyPDCU Score Simulator is an interactive tool that allows People Driven Credit Union members to see how hypothetical actions may affect their credit score, including paying off a credit card balance or applying for a loan. For example, when checking their credit score through the MyPDCU app, using the simulator does not affect the user's credit score.
MyPDCU Credit Report provides People Driven Credit Union members with all the information they would find on a credit file, including a list of current or previous loans, accounts, and credit inquiries. Members can see details on their payment history, credit utilization, and the public records on their accounts. Like Credit Score, when a user checks their credit report, there’s no impact on their credit score.
MyPDCU Credit Score is a comprehensive platform that provides Members free and ongoing access to their latest credit scores and reports, real-time credit monitoring, and savings opportunities on existing and new loans and credit cards – all through their online and mobile banking.
No. MyPDCU Credit Score & Score Simulator is entirely free for People Driven Credit Union members, and no credit card information is required to register.
PDCU has partnered with GreenPath Financial Wellness to help our members get back on track with their finances and credit. Please call GreenPath at 877-337-3399 and let them know you’re a PDCU member and would like to make an appointment with a rep!
Disclaimer:
MyPDCU Credit Score & Score Simulator is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor for personalized guidance.
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Calculator Disclaimer Personal Loan Rate
The monthly payment at 8.490% APR for a term of 12 months would require payments of approximately $87.22/month, per $1,000 borrowed. APR=Annual Percentage Rate, subject to change. Rate is based on individual creditworthiness and term of the loan. The use of this calculator does not imply nor guarantee loan terms nor approval of financing.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. People Driven Credit Union does not guarantee their applicability or accuracy in regards to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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