Do you feel frustrated every time you don’t see yourself in the light of credit scores? Are you frustrated at not being able to get financial opportunities due to a disagreeable, obscure credit score? Well, it’s high time to become active and find out the real position of your finances! Knowing your credit score is critical to understanding your credit, how to check your credit score for free, and why credit checking is crucial.
The first thing that most people should know regarding their financial situation is their credit score.
A credit score is an indication of the credit rating status of any bureau usually rated between 300-850. It depends on five factors among which are your payment history, your credit utilization, the length of your credit history, and the types of credit. Lenders, landlords, banks, and even employers can decide whether they want to do business with you or hire you based on your credit score.
Possessing a good credit score is important because it becomes a determining factor in many aspects of people’s lives. For instance, it makes it easier for one to get low interest rates for loans, cheaper insurance and even be able to get an interview for one’s desired job. A low credit rating can be quite disadvantageous because it restricts you financially and you cannot achieve most of your dreams.
This is exactly why, the credit score is important – so you can stop being a puppet, to your financial life. It is thus possible to see that getting to know your score will enable the person to come up with a strategy to increase the aforementioned score and acquire other opportunities for financial liberty.
You cannot find a free credit score lookup by yourself because this service is not available on the Web, but you can address different companies and Web sites to find this service there.
Since you have had a taste of how a credit score is vital, you may have asked yourself how you can know what your score is. Fortunately, there are multiple methods of free credit score checkups.
Here are some options:
1. Free credit report from AnnualCreditReport.com – it is an official site that offers free credit reports. You are eligible to receive one credit report from each of the three bureaus – Equifax, Experian, and TransUnion – within a year. To obtain your free reports, citizens should make a point of visiting AnnualCreditReport.com.
2. Credit Card Providers – Certain credit card companies will provide their customers with their credit score for free. You should contact your card provider to determine if the service is available for their cards or not.
3. Credit Score Lookup Websites – Popular credit score lookup websites like Credit Karma and NerdWallet third-party sites permit costless lookups of the score. Oftentimes, these websites offer more details regarding your credit, including credit reports and score analyses.
4. Government – The Federal Trade Commission (FTC) of the United States includes free credit counseling called IdentityTheft.gov. For more information on identity protection, this resource will come in handy; you can get your credit score if you think you are a victim of identity theft.
Just as a reminder, you are allowed to obtain a free credit score check once each year from each of the credit reporting agencies. Make use of the free annual credit report and check your credit score now and then.
The Importance of Frequent Credit Check
Checking credit frequently is useful in order to track the credit situation. Thus, checking credit scores regularly will help one to notice any wrongdoing or mistake of the credit bureau thus taking corrective measures.
Further, credit tracking is important especially to see some improvements in your credit score. It means that as you begin to actively work on improving your asset profile, such as paying credit card balances or ensuring you pay your bills on time monthly, you expect your score to gradually rise. If you track the score you will keep on working hard and be able to see some results from your endeavors.
Also, checking up on your reports will help you identify any incidences of identity theft in their early stages. To avoid further unauthorized credit creation, you want to detect it as early as possible, for instance, somebody using your details to open accounts or get loans. All these are signs that can be detected through frequent credit monitoring before they turn severe.
All in all, everyone should know their credit score to begin managing their financial freedom waiting for them in the future. If you can use free resources to get a credit score lookup, keep track of your credit on the regular, and start making changes to get to where you want to be financially, then so be it. No longer let your credit score hinder you – know your credit score now, and begin your path to independence!
Call on (888) 803-7889 to know your credit score now!
