But before you keep reading, you gotta promise me your going to do what I recommend in this post. Today. Don’t put it off. Don’t wait until later. You really gotta do it today, it’s that important!
Credit Reports & Credit Scores (Two Different Things)
Haha ok, now that we’ve got that out of the way, let’s move on. I’ve written before about obtaining your credit report from Annualcreditreport.com. This is the site where you can get a copy of your credit report from each of the three credit bureaus once every year. But the one downfall from this site is you are not able to get your credit score for free. You can see all the activity on your report, just not your score, without paying for it. Which is a bummer because if you want to know what your score is (and you should) before going to apply for a car loan, home loan etc. you gotta pay for it.
Now there is another site that will give you your score for free.
The site is called CreditKarma.com where you can input your information and get access to your TransUnion credit score, for free! That means you can take your free credit report from Annualcreditreport.com and your free credit score from CreditKarma.com and have a true look at your financial situation, for free.
Now this is the part I mentioned earlier, you actually have to do this step in order to make a difference in your finances. Why am I so adamant about this?
Your credit effects many areas of your life and if you have errors on your credit report (which many people do) it can be hurting you financially. It literally takes minutes to get access to both your report and your score and after you have that information, you can start to assess your financial situation. I wrote about this in my previous article on credit reports, so please take a look at that article for more information.
How does CreditKarma.com work?
It’s actually very simple. Once you visit the site, you enter your information, and within minutes, you have access to your TransUnion credit score. The site tries to sell you on other ways they will help save you money (which is how they can offer the score for free) so you can look at that or disregard it, it’s up to you. In all likelihood, most of the things they are trying to sell you, you can do yourself.
If you’ve never looked at your credit score before, the site is actually very user friendly. You will get to see your score along with your credit rating so you can tell if you have a good credit score. (This picture is from their example page, it’s not my info). As I mentioned, they will show you ways they claim to save you money but I don’t really pay attention to that.
You will also be able to see how your score compares nationally. (From their example page, it’s not my info).
The site has a lot of information and looks to be very helpful if you have questions about your credit report.
Need more help with personal finances? Check out my Budget Bootcamp!
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