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Your FICO®   Score

FICO® Score

ELGA members with a loan or VISA credit card can view their FICO®   Score in the XpressLink Mobile Banking App!

To access your score:
  1. Log into the XpressLink Mobile Banking App
  2. Click on the menu icon in the top left
  3. Click on Your FICO®   Score

Members with a loan or VISA credit card are able to access their credit score, key factors about their score, and frequently asked questions.  Don’t have a loan or credit card with ELGA?  Our knowledgeable loan officers are ready to help. We offer mortgage and home equity loans, vehicle loans, credit cards, options to consolidate your debt, and more.  Click HERE to get started on your loan. 


Understanding FICO®   Scores


What are FICO®   Scores?
FICO®   Scores are the most widely used credit scores. Each FICO®   Score is a three-digit number calculated from the data on your credit reports at the three major consumer reporting agencies—Experian, TransUnion and Equifax. Your FICO®   Scores predict how likely you are to pay back a credit obligation as agreed. Lenders, including ELGA, use FICO®   Scores to help them quickly, consistently and objectively evaluate potential borrowers’ credit risk.


Why is ELGA providing FICO®   Scores?
Nearly all lenders in the U.S., including ELGA Credit Union, use FICO®   Scores, as the industry standard for determining credit worthiness. Reviewing your FICO®   Scores can help you learn how lenders view your credit risk and allow you to better understand your financial health.


FICO® Score

What goes into FICO®   Scores?
FICO®   Scores are calculated from the credit data in your credit report. This data is grouped into five categories; the chart below shows the relative importance of each category.
35% - Payment history:
Whether you've paid past credit accounts on time
30% - Amounts owed:
The amount of credit and loans you are using
15% - Length of credit history:
How long you've had credit
10% - New credit:
Frequency of credit inquires and new account openings
10% - Credit mix:
The mix of your credit, retail accounts, installment loans, finance company accounts and mortgage loans


Will receiving my FICO®   Score impact my credit?
No.  The FICO®   Score we provide to you will not impact your credit.


How do I check my credit report for free?
You may get a free copy of your credit report from each of the three major consumer reporting agencies annually.  To request a copy of your credit report, please visit: www.annualcreditreport.com .  Please note that your free credit report will not include your FICO®   Score. Because your FICO®   Score is based on the information in your credit report, it is important to make sure that the credit report information is accurate.


How often will I receive my FICO®   Score?
Program participants will receive their FICO®   Score 4 based on TransUnion data updated on a monthly basis, when available.


Why is my FICO®   Score not available?
  • You are a new account holder and your FICO®   Score is not yet available
  • Your credit history is too new
  • You are not the primary account holder
  • Having access to your FICO®   Score in the XpressLink Mobile App is a benefit provided exclusively to members who have an ELGA loan or VISA credit card.  ELGA offers a variety of loans to fit your needs, with great rates and payments to fit your budget.  Ready to apply?  Click HERE.

Where can I learn more?  
Visit www.FICOScore.com/info .



Questions?  Please visit our Contact Us page or call (810) 715-3542.

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.