Stay on Top of Your Credit Score with SavvyMoney in the Honor App 

With an upgraded Honor App comes a new way to check your credit score Savvy Money! Keep an eye on your credit score in real time and stay on top of your financial habits.  

What is a Savvy Money Credit Score? 

• Based on your VantageScore 3.0 pulled from TransUnion 

• Used for educational purposes — helps you track trends, get alerts, and learn credit habits 

What is a FICO credit score?  

A credit score is the three digit number given to rate your credit, based on your history of credit. A credit score ranges from 300 to 850—the higher, the better. A strong score increases your chances of getting approved for loans, credit cards, and more.   

So, what affects your score?   

• (40%) Payment History – Paying your bills on time is essential.   

• (23%) Credit Use – Keeping your credit usage low will ensure steady growth.   

• (21%) Credit Age – The longer you have actively utilized credit, the better!   

• (5%) Inquiries & New Credit – Recently opened accounts and hard credit inquiries can negatively impact your score if done too often.   

• (11%) Credit Mix – A healthy variety of credit can positively impact your score.   

Your score is calculated by the three main credit bureaus: Experian, Equifax, and TransUnion. 

Will my SavvyMoney Credit Score be the Same as My Main Credit Bureaus Score? 

Not likely. They’re calculated differently. For example: 

• VantageScore (Savvy Money) weighs things like recent behavior and total credit usage differently. 

• FICO weighs older history and specific types of credit a little more. 

Although both scores are based on your credit file, they can vary by 20–50 points or more. 

Why a Savvy Money Credit Score is Helpful 

Savvy Money provides a clear and helpful snapshot of credit habits. 

Here’s how it helps: 

1. It tracks your credit trends.
   You’ll see if your score is going up or down and why. That can help you catch problems early.
2. It shows what’s helping or hurting.
   You get insights like “Too many hard inquiries” or “Great payment history,” so you can adjust your habits.
3. It’s updated regularly.
   Your score is updated weekly, so you get a real-time feel for your credit activity.
4. It’s free and doesn’t hurt your score.
   You can check it anytime with no impact on your credit report.
5. It’s powered by TransUnion.
   Even though it uses the VantageScore model (not FICO), it’s still based on real credit data.

Best Use Case: 

Think of Savvy Money as your credit fitness tracker, it’s not what a lender uses to approve a loan, but it helps you build and maintain strong credit so you’re ready when it is time to apply. 

Here’s How It Helps You Adjust Your Credit Habits:

1. Breaks Down What’s Helping or Hurting

You’ll see categories like:

• Payment History 

• Credit Utilization 

• Total Balances 

• Recent Inquiries 

• Credit Age 

• Types of Credit 

Each one comes with a “Good,” “Fair,” or “Needs Work” status plus tips like: 

“Try to keep your credit card balances below 30% of your limit.” 
“Avoid opening multiple new accounts at once.” 

2. Personalized Action Steps

You might see advice like:

• “Pay down your credit cards to improve utilization.” 

• “Avoid late payments to boost your score.” 

• “Keep old accounts open to improve your credit age.” 

 3. Simulates Credit Score Changes

Some versions include a “What if?” simulator:

• “What if I pay off this credit card?” 

• “What if I open a new loan?” 

This helps you make smart moves before they impact your score. 

 4. Ongoing Alerts & Score Updates

You’ll get alerts if:

• A new account appears 

• Your score changes 

• There’s unusual activity 

These alerts help you stay in control and adjust quickly if something goes off track. 

Bottom Line 

SavveyMoney gives you real-time feedback and simple ways to improve your credit, one smart choice at a time.