Credit scores give you an overall sense of your financial health and provide insights to where you can make improvements. Knowing where you stand gives you the best chance for getting new credit cards or loans without navigating through rejected applications. Having your score handy also makes it easier to compare the various financial products and options that are available to you. You could spot errors or signs of fraud when reviewing your credit report. For these reasons, you could be making a big financial mistake if you’re in the dark about your score. Here are the reasons why everyone should know their credit score:
Six out of ten Americans are in the dark when it comes to their credit scores. Your credit score doesn’t have to be a mystery, and getting your hands on your credit report is essential if you have big plans for your financial future. You might be wondering how and where to view your credit score. The good news is that taking a look at your score is easier than ever before. Keep reading to discover the easiest ways to learn your credit score in 2019.
Getting Your Score Straight from the Credit Bureaus
There are three major consumer credit bureaus that are responsible for issuing credit reports and credit scores: TransUnion®, Equifax® and Experian®. Federal law mandates that you are entitled to view your credit reports for free once a year. Most people will only request their score from one of the bureaus, but the best strategy is to get your report from all three. By requesting all three reports, you will be able to carefully review each one and compare for any mistakes or inaccuracies. You have the option to dispute what you see on a report within 30 days of receiving it.
Do You Know Your Credit Score?
There aren’t any excuses for being in the dark when it comes to your credit score. Access to your credit score is completely free. What’s more, it only takes a minute to hop online and request access to your credit report. Take the first step to being financially fit by looking at your credit score today. You will instantly feel more empowered about taking your next financial step once you do!