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 — SavvyMoney! Keep an eye on your credit score in real time and stay on top of your financial habits.

What is a SavvyMoney Credit Score?

• Based on your VantageScore 3.0 pulled from TransUnion
• Used for educational purposes — helps you track trends, get alerts, and learn healthy credit habits

What is a FICO credit score?

A credit score is the three-digit number that rates your credit, based on your history. Scores range 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 usage low supports steady growth.
• (21%) Credit Age — The longer you’ve actively used credit, the better.
• (5%) Inquiries & New Credit — Too many new accounts or hard pulls can hurt your score.
• (11%) Credit Mix — A healthy variety of credit types can help.

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 bureau’s score?

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

• VantageScore (SavvyMoney) weighs recent behavior and total credit usage differently.
• FICO tends to weigh older history and certain credit types a bit more.

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

Why a SavvyMoney Credit Score is Helpful

SavvyMoney provides a clear, helpful snapshot of your credit habits.

Here’s how it helps:

1. It tracks your credit trends. You’ll see if your score is moving up or down — and why — so you can catch problems early.
2. It shows what’s helping or hurting. Insights like “Too many hard inquiries” or “Great payment history” help you adjust your habits.
3. It’s updated regularly. Your score is updated weekly, giving you a near real-time feel for activity.
4. It’s free and doesn’t hurt your score. Check 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 based on real credit data.

Best Use Case:

Think of SavvyMoney 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 “Keep credit card balances below 30% of your limit” and “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

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