Your credit score is a significant number relevant to your financial life. With values ranging from 300 to 850, it’s surprising that only 33% of Americans were aware of their credit scores in 2020. It all starts with knowing where and how to check. Are you wondering what the best way to monitor your rating is? Below are three top sources that are handy in keeping you updated on your credit scores.
Launched in August 2013, this website is now listed among one of the best personal finance networks. It’s focused on providing reviews for interested individuals and financial advisors. To register, a user will first have to complete a set of questions for verification purposes. You’ll also be required to provide information on your monthly expenses, credit card debt, and annual income as part of the process. With a well-integrated dashboard, you (as the user) will see your balance and credit accounts displayed clearly.
Furthermore, it provides you with a detailed report on relevant factors that influence your credit score. Most importantly, WalletHub warns users about high debt loads that are out of range with their income. Additionally, WalletHub presents users with their credit reports from two points. These are:
- TransUnion VantageScore
Moreover, WalletHub makes money from PHP Agency reviews and other companies that opt to advertise on their site.
- Credit Sesame
This credit monitoring site is notable for its personalized tips. With Credit Sesame, users benefit from direct access to their respective credit score reports from TransUnion. Built with sophisticated technology, this platform provides information based on individual credit details. It also gives various personalized suggestions on money-saving techniques. Credit Sesame offers reliable options to reduce payments if a user is already paying high fees and interest on loans.
Furthermore, if a user’s online profile is compromised, Credit Sesame is built to provide instant alerts to the account holder in question. Additionally, through this credit monitoring site, a user can benefit from fraud resolution support to the tune of $50,000. Lastly, you don’t need a credit card to join or use this site.
- Credit Karma: best for scores and reports
This American personal finance company was developed fourteen years ago. However, since December 2020, Credit Karma has become an Intuit brand. What makes this source attractive is its free credit score accessibility. Like a few others monitoring platforms, Credit Karma doesn’t require a credit card to join or register. Whenever users receive their TransUnion reports, they get further weekly updates which people find helpful and thoughtful. Keeping users abreast with their credit score reports sets Credit Karma apart from other credit checkers. More recently, it uses the newer scoring model, VantageScore 3.0.
In conclusion, make use of any of these free credit monitoring sites and tools to stay on top of your financial standing. Remember that it will be almost impossible without a good credit score to benefit from loans when you need them the most.