Financial confidence, no matter the season.

Credit Sense

Did you know that all Bank of Oak Ridge online and mobile banking clients can access Credit Sense? This complimentary feature provides the ability for you to:

Check and monitor your credit score, history, and factors that are affecting it
Browse personalized offers on loans and savings opportunities
Create goals based on clear, concise tips for improving weak areas in your Credit Score
Receive Credit Report monitoring and alerts

Your Credit Score is key to everything from renting an apartment to buying a home, car or even getting that great job. Know your Score, and work to improve it easily using Credit Sense.

Credit Score & Report

Check in on your Credit Score and see what factors are contributing to it.

Loans & Offers

Browse credit based offers on home loans, credit cards, auto loans, and personal loans - made just for you.

Goals

Create a goal to get a personalized action plan that will unlock additional savings and great offers when your score goes up.

Videos & Demos

Learn more about Credit Sense by trying it out first with our click-thru demo and informational video.
It’s the best way to explore the features and services ahead of time right from your computer or phone.

Once you have enrolled and signed into online or mobile banking, you’ll need to click on the Credit Score section to sign up. You can also click here to go directly to it after signing in to your online banking. If you have questions, please reach out to our friendly Client Connect team at 336-644-9944.

A high score can mean a lower rate for a bank loan while a low credit score can result in more expensive insurance premiums. Not only is it important to understand your credit score, but it is also important to understand how to improve your credit score and reap the advantages of good credit.

Creditors have been using credit scoring systems to determine if people are a good credit risk for some time. Today, many businesses, including insurance companies, phone companies, and employers use a person’s credit score to determine if a product, service, or employment offer should be provided.

Credit scoring systems are complex and vary among creditors and businesses. Essentially, information collected from an individual’s credit report is put through a statistical program that compares that specific information against consumers with similar profiles. The program identifies all characteristics that relate to risk and generates a number that represents a credit score.

The higher your credit score, the less risk you are considered to be. So, the higher the score, the better. The scores generally range from 300 to 850. A score of 620 or higher should mean that you are eligible for very good rates.

If your credit score is low, or you just want to make sure it stays high, follow these steps to improve or maintain your score:

Pay your bills on time.
Do not max out your credit limits.
Do not apply for too many new credit accounts in a short period of time.
Do not have too many credit card accounts.
Develop a credit history as early as possible to demonstrate a long record of responsibility.

You can use the credit score simulator in Credit Sense to learn more about how actions you take will impact your score.