If you are curious about your creditworthiness or are planning a major financial move, such as applying for a loan or mortgage, it’s essential to know your credit score. Bank of America, one of the largest and most reputable banks in the United States, offers several convenient methods for checking your credit score. In this article, we will explore the various ways you can access your credit score with Bank of America, along with some frequently asked questions related to credit scores.
Checking Your Credit Score with Bank of America
To check your credit score with Bank of America, you have a few options to choose from:
1. Online Banking
Bank of America provides an online platform where you can access your credit score by logging in to your account.
2. Mobile Banking App
If you prefer to check your credit score using your smartphone or tablet, Bank of America’s mobile banking app allows you to do so easily.
3. Credit Card Statements
Some Bank of America credit cardholders receive their credit scores on their monthly statements. Check your credit card statement to see if the score is included.
Frequently Asked Questions
1. Can I check my credit score for free with Bank of America?
Yes, Bank of America offers free access to your FICO credit score.
2. Do I need to be a Bank of America customer to check my credit score?
Yes, you need to have a Bank of America account to access your credit score through their online platform or mobile banking app.
3. How often is my credit score updated?
Your credit score is typically updated once a month, but the exact frequency may vary depending on your circumstances.
4. Will checking my credit score with Bank of America affect my credit?
No, checking your credit score with Bank of America does not impact your credit, as it is considered a soft inquiry.
5. What credit bureau does Bank of America use to provide credit scores?
Bank of America uses data from TransUnion, one of the major credit bureaus, to provide credit scores to its customers.
6. How accurate are the credit scores provided by Bank of America?
Bank of America relies on the credit information reported by TransUnion, so the scores should be reasonably accurate.
7. Can I dispute any inaccuracies in my credit score provided by Bank of America?
Yes, if you believe there is an error in your credit score, you can contact both Bank of America and TransUnion to initiate a dispute.
8. Can I check the credit scores of authorized users on my Bank of America credit card?
No, Bank of America only provides credit scores for the primary account holder.
9. Can I check my credit score with Bank of America if I have a business account?
Yes, Bank of America provides credit scores for both personal and business account holders.
10. Is there a mobile app to check my credit score with Bank of America?
Yes, Bank of America offers a mobile banking app that allows you to conveniently check your credit score on the go.
11. How long does it take to receive my credit score through Bank of America?
Once you log in to your Bank of America account, you can typically access your credit score instantly.
12. Can I set up alerts for changes in my credit score with Bank of America?
Yes, Bank of America allows you to enable notifications to receive alerts whenever there are significant changes to your credit score.
In conclusion, keeping track of your credit score is crucial for managing your financial health. Bank of America offers several accessible avenues, including online banking, their mobile banking app, and credit card statements, to help you stay informed about your creditworthiness. Remember to utilize these resources wisely to make informed decisions about your finances.