The Top 3 Places To Check Your Credit For Free
Maintaining your financial health is important. Hence, it is necessary to check your credit reports regularly. This will allow you to pick up on mistakes or any fraudulent activities that affect your credit history.
There is no such thing as a universal credit score. Each lender has its own system, and credit reference agencies produce their own version of credit score as they use different scales from one another. You might be turned down by one lender, but successful with another. The higher your credit score, the higher the chances of you getting a better credit deal.
It is a good idea to contact your lender directly to get more details about your credit history, since they report the accounts to the credit reporting agencies. This will help you make good decisions to maintain your credit health.
Here are 3 places you can check your credit for free.
1. Mint: Budget, Bills, and Finance Tracker
Mint is an online management tool that has been around for a decade. It is an easy-to-use app that allows you to check your credit score, while giving you the option of creating budgets and settings goals. The bigger picture of your credit score helps you make better money decisions.
The mint app shows the factors involved in your credit score, such as credit usage and then gives you a rating accordingly. For example, if you have credit usage under 10% of your available credit, you would be getting an "excellent" rating for that factor.
It has the best features that allow you to view your budget, credit card and bank account balances, financial goals and your credit scores all in one place. It helps you analyze your credit score and is useful to see why your credit score might below. Mint also has a free credit score version, which is an additional feature that helps you evaluate your financial health in a good way.
2. Credit Karma
Credit Karma is a user-friendly app that helps track credit scores. It is designed in a way that allows you to signup for a new account in just minutes and keep track of your credit score and your credit reports, while updating it on a weekly basis. In addition to all of this, they also offer a service that breaks down every factor that contributed to your current credit score and helps you better analyze your finances.
Credit Karma has its information listed in Credit Karma Reports. These reports help better understand how your recent actions and spending behaviors have affected your credit score.
The tracking of the credit scores of this app comes from Equifax and TransUnion, which are the main credit reporting bureaus. The credit score they provide and track are displayed in the Vantage 3.0 credit scoring system.
TransUnion is a credit reporting bureau, and it has developed its very own app. This app has features that allow its users to check their credit score according to TransUnion credit reports. Using this app, the information can be displayed in your own TransUnion account that can be installed on your phone or device. TransUnion scores range from 300 to 850.
It is important to check your credit scores regularly. You can get your credit history for free from the National Credit Report.