Your Free Credit Score: Top 5 Reasons to Keep Track of It

Credit is a topic that many people feel uncomfortable talking about, but it is also a crucial part of your daily finances. There are many ways to build a strong credit score, but even more, ways to screw it up if you are not careful!

Having a solid credit history and a low amount of debt on your lines of credit is the basis for good credit in general, but why should you keep track of your free credit score and report if you feel you know what your financial situation looks like? Good or bad, you should always be aware of your credit score and everything on your credit report.

Where Do You Find Your Free Credit Report? Let’s start with the basics before diving into how it will help you track it. The first thing to know is that you have three credit reports. -Experian -Equifax -Transunion

1. You Will Be Able To Keep Track Of Inaccurate Reporting And Identity Theft Keeping track of everything reported on your credit will help you catch any problems that arise quickly as possible, so you can catch and fix them before they become unmanageable and detrimental to your credit score.

2. You Will Be Able To Better Manage And Maintain Your Credit Bank apps have great programs that will notify you for free if there are any unexpected charges on your credit cards. They will also inform you of any changes in your credit report or unexpected new accounts opened. That is a great way to keep track of everything on your credit without making yourself crazy constantly checking it.

3. It Helps You Save For Future Expenses Surprises on your credit report, unwanted charges on your credit cards, cards opened up in your name. These unexpected events and more can make it impossible to make large purchases on your credit when you need to because you need a strong credit history to make large purchases on credit.

4. You Will Be Able To Monitor How Much “Good Debt” VS. “Bad Debt” You Have When you monitor your credit report, it will help you track how much debt you have and if it is debt that will help your free credit score or hurt it. Either way, it helps plan your future when you know what you are working with.

5. You Can Use It As A Guide To Fix Your Credit When trying to clean up your credit, you should check your free credit score and full credit report from all three credit bureaus. As you go through your bills, you can use it as a source to verify what you owe, any incorrect reporting on your credit report if you have been the victim of identity theft, and how much you owe on each account.

It’s important to be aware of everything on your credit report. Your free credit score will not only be helpful for you in the long run, but it will also help you get organized. It is simple to set up, and you won’t have to worry about unexpected surprises catching you unaware because you will be up to date on any changes that occur. This is a great way to stay on top of your finances, so you are set up for your financial future.

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