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Knowing your credit score is vital. It impacts your ability to take out loans to fund your education or get a mortgage for a new home. It can even impact how much you pay for insurance or determine whether you require a deposit for your a new account. It also affects the interest rates charged on your credit cards. Without knowing your credit score, it’s challenging to know where you stand. Luckily, there are actually several ways you can stay ahead of the game and track your credit score. Here are some effective ways to keep up-to-date with your credit score.
You can request your free annual report from the three credit bureaus once a year by going to AnnualCreditReport.com. You get one free copy within a 12-month period, so use it to your advantage. When you request this report, you can quickly review your report and verify that all the information on it is correct. You also have the option to pay additional for your credit score from the three major credit bureaus individually.
When you use an identity theft protection service, such as Identity Guard, LifeLock or Experian, you can quickly view your credit score. Identity theft protection services also provide alerts that help you monitor credit score changes. Most identity theft protection services also provide speedy notifications about credit inquiries, such as an inquiry for a mortgage or credit card. Also, these services provide an added layer of security by notifying of address changes and offering insurance in the event of damage from fraud.
You can also get your FICO score and other credit score reports through your credit card. Most major credit card companies offer these perks and print them on your statement or provide access from your account. It can be a great way to see your current credit score each time you log in to check your balance or pay a bill. Find out the best card for your credit score here.
Apps, such as Credit Sesame and CreditKarma, offer your credit score for free. For instance, Credit Karma provides your Vantage Score using credit reports from Equifax and TransUnion. You can use these apps to track your debt and payment history. You may even use maps and indicators to predict how a change may impact your credit score.
Staying on top of your credit isn’t difficult when you know what strategies to take. Just apply these simple steps, and you’ll be one step of ahead by keeping up-to-date with your credit score.