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Credit Insights
Introducing Your Credit Score. And More. Anytime. Anywhere. In Your Mobile App.
Staying on top of your credit has never been easier.
With one powerful tool, access your credit score, full credit report, credit monitoring, financial tips, and education. You can do this anytime and anywhere in your WesBanco Mobile app. Our new Credit Score feature is safe, secure and doesn’t affect your credit score.
Learn How to EnrollEnroll in Credit Score
You are able to access your credit score and report in your Mobile app by clicking “View Credit Score” on the main page and then click enroll. It’s that easy! Once enrolled, you will be able to see your credit score every time you open your Mobile app by clicking “View Credit Score.”
Our Credit Score feature provides an added level of credit protection by providing real-time credit monitoring alerts. It also has financial tips and education to help you understand the factors that make up their credit score and ways to improve it.
Credit Monitoring
Credit Score also monitors your credit reports daily. It informs you by email if any significant changes are detected, such as a new inquiry, a new account opened, a change in address or employment, or delinquency has been reported. Credit Monitoring helps you keep an eye out for identity theft.
Credit Score Simulator
A score simulator is an interactive tool that allows you to select various actions you may take and see how your score could be affected. Different actions like paying off a credit card balance might make your score move up or down. Just like using Credit Score, using the simulator will not affect your actual credit score.
Frequently Asked Questions
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No. It’s entirely Free, and no credit card information is required to register.
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If you regularly access your Mobile app, your credit score will be updated every 7-days and displayed within your Mobile app. You can also refresh your credit score and full report every 24 hours by clicking “Refresh Score” and navigating to the detailed Credit Score Dashboard within your app.
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No. Checking credit score on our Credit Score feature is a “soft inquiry” which does not affect your credit score.
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Using Mobile Banking, you can enroll in Credit Score by clicking “View Credit Score” on the main screen then click to enroll.
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There are five major categories that make up a credit score:
40% Payment History
Essentially what lenders want to know is whether or not you’re good about paying your loans on time.
23% Credit Usage
Credit usage, also known as credit utilization, is the ratio between the total balance you owe and your total credit limit on your revolving accounts. It is best to keep your credit usage below 30%.
21% Credit Age
The age of your oldest account, the age of your newest account, the average age of your accounts and whether you’ve used an account recently are all factors related to the length of your credit history. In general, the longer your credit history the better.
11% Mix of Credit
Your score also takes into consideration how many total accounts you have and what types of credit you have. Your score will likely be higher if you have experience with different types of credit, like mortgages and installment student loans and revolving accounts like credit cards.
5% Recent Credit
Opening multiple credit accounts in a short period of time could represent a greater risk for lenders – those who see that you have multiple recent inquiries may worry that you are applying to so many places because you are unable to qualify for credit – or because you need money in a pinch.
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There are several ways to improve your credit score. But it’s much more important to focus on improving what’s in your credit report rather than obsessing over your credit score. Here is some general advice:
- Pay your bills on time. How promptly you pay your bills has the strongest influence on your credit score.
- Apply for credit only when you need it. Do not open too many accounts too frequently. And avoid opening multiple accounts within a short time span.
- Keep your outstanding balances low. A good rule of thumb? Keep balances below 30 percent of the credit limit on each of your revolving accounts.
- Reduce your total debt. It is not necessarily bad to owe some money. But it is not good to owe too much money. Consider paying down some of your outstanding loans.
- Build up a credit history. Maintaining a timely payment history for a mix of accounts (e.g. credit cards, auto, mortgage) over a longer period can improve your score.
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Each credit bureau has its process for correcting inaccurate information, but every user can “File a Dispute” by clicking on the “Dispute” link within the Credit Score credit report.