Checking your credit online is an integral part of your financial goal. In general, it is a number calculated based on several important factors. These include your credit usage, new credit, credit history length, credit inquiries, and payment history. Moreover, the number ranges from 300 to 850.
Many companies allow you to check your credit report and credit scores online. Some companies charge you whereas some others don’t, and it’s free. Here are the top 5 websites where you can check your credit score for free.
1. NERD WALLET
When you sign up with Nerd Wallet, you can view VantageScore that’s updated once a week. Nerd Wallet provides you with a free credit score, which is straightforward and convenient to use. With Nerd Wallet, you can get access to TransUnion credit reports free of cost.
You can log into your account anytime and check your credit information. The VantageScore 3.0 is updated every seven days and it depends on your TransUnion report. What’s interesting is that you don’t need to have a credit card to check your credit score online.
Registering is very simple and you can even use your Google account for this purpose. Moreover, you don’t have to enter details such as your address, date of birth, or the last 4 digits of your social security number to open an account.
Apart from that, you can use the Nerd Wallet mobile app to access and monitor your credit score quickly. Also, you can keep track of other financial aspects especially when you are on the go.
2. CREDIT KARMA
Founded way back in 2007, Credit Karma has partnered with TransUnion and Equifax to provide you with a free credit report. Because you can view two major credit reports, it is one of the popular sites that most people use. The best thing about Credit Karma is that you don’t have to possess a credit card to avail of their services.
That way, you can create an account and use Credit Karma without hassle. You have the liberty to assess your credit information at any time simply by logging into your account. For that, you can use either a web browser or their mobile app.
The credit report gets updated once a week and gets to view detailed information explaining the factors that have contributed to your credit score. Also, they provide other types of financial services such as loan and credit card offers depending only on our credit score.
3. CREDIT SESAME
It is another credit tracking service that is a bit different from Credit Karma. Credit Sesame allows its users to get access to the VantageScore from TransUnion. Also, they provide customized tips about various financial services depending on your profile and goals.
Like Credit Karma, you can open an account by signing up with Credit Sesame. Credit card information isn’t needed during registration. After you have created your account, the site allows you to access your monthly credit information. And, you can access it any time.
Apart from the TransUnion credit report, you can have access to your credit score online. Alternatively, you can view the same through the Credit Sesame mobile application. Reviewing the credit information gives you a clear picture of your credit status and whether or not to make improvements.
Moreover, Credit Sesame evaluates your credit report to provide you with recommendations for loans, credit cards, or other financial products.
4. WALLET HUB
Your credit report changes frequently because your creditors tend to send updates to the credit bureaus regularly. Monthly or weekly updates sometimes might not be helpful. Wallet Hub provides you with daily updates for free about your credit information. Moreover, it gives you a detailed summary of the important changes to your credit report.
With the most updated information about your credit from TransUnion, it allows you to quickly react to those changes on the report. Also, Wallet Hub provides its users with customized advice on financial goals depending on the credit information. Apart from the free credit report, you can access a free credit score.
That way, it allows you to evaluate the current position of your credit and how potent lenders might view the report as credit risk. You don’t have to produce your credit card for the signup process. Even if you view your credit score every day, it doesn’t hamper your overall score.
5. CREDIT WISE
With Credit Wise, you can check your credit score and credit report with ease. It is a great tool to view your credit report information designed by Capital One. It is free to use and even people who aren’t the Company’s consumers can use it for free.
The signup process is easy and simple. There is no trial subscription or requirement for credit card information. Moreover, the credit information is updated once every week. You can use Credit Wise on our mobile device and stay updated with your credit score.
Credit Wise sends you to push notifications and emails regarding important credit events. As such, it is a great feature if you are on the go and forgets to check the score. Moreover, Credit Wise has a built-in simulator that helps you determine certain factors affecting your credit score.
That way, you can stay on top of your financial decisions. For instance, if you are thinking about opening a new account against a credit card, you can run the simulator and make predictions about how it can impact your overall credit score.
WHY IS IT NECESSARY TO CHECK CREDIT REPORTS REGULARLY?
Regardless of stern measures, mistakes happen. And, it is estimated that one out of every five consumers has a serious mistake on their credit report. These mistakes can adversely affect your ability to get a loan approval or compels you to pay high interest rates even when approved.
So, the only way to verify that you are having a healthy credit report is to find out whether the information provided is right. And, the only way to do so is when you receive updates about your credit report on an ongoing basis. A weekly or daily update works well in that case.
