The amount of new credit accounts is a factor on your credit, and it also brings the average age of your credit accounts down.
Hard inquiries occur when you apply for a loan or line of credit; and the lender requests to look at your official credit report. Hard inquiries only affect your credit for a few months, but they stay on your credit report for up to two years. This is why it is important to keep hard inquiries to a minimum when possible.
It is important to monitor your credit score frequently to know where you stand and where you have room to improve. That’s why we have made it easier than ever for our Members to check their credit score for FREE!
Now you can see your credit score daily and get tips on how to maintain or improve it! Log in to online banking or the mobile app and look for Credit Score1 to get started!
With Credit Score you will get:
Get unlimited access to Credit Score, anytime and anywhere, by logging in to online banking or using the KTVAECU mobile app! Need assistance with logging into online banking or downloading the app? Check out our helpful tutorials in the links below.