Credit Check: How to Stay One Step Ahead
Have you ever gone into a car dealership for a purchase, but let down by high interest rate offers or a loan denial after a credit check? That’s no fun. While your ego may be bruised, there are ways around this. The best way is to check your credit beforehand. But wait, doesn’t that cost money? Actually, it doesn’t if you use one of the select few free credit check services listed below.
CONTINUE READING BELOW
Credit Check Services
There are quite a few services that claim to be free out there in the web, but many of which only allow for one credit check. Here are the few I personally have used to obtain a free credit score without having to submit my credit card information for hidden fees
I have been a member of Credit Sesame since they were a new comer. This site has continually evolved into something well worth checking out if you want information about your credit. There are no hidden fees, and they allow you to perform a free periodic credit check which is pretty accurate. So many people can benefit from the wealth of information available here.
This site has a grading system for payment history, credit usage, credit age, account mix and credit inquiries. The grades follow the traditional American grading system (A,B,C,D and F), allowing you to know how well you’re doing in each area of your credit profile. Grades let you know the likelyhood of a good approval, or just an OK offer. This makes it fairly easy for anyone to understand. This is a great site for someone who wants a better understanding of credit and their credit score makeup. The best part about all of this is the price tag: FREE! Click Here if you wish to sign up with them.
If you wish to sign up for Credit Sesame, Sign Up Here.
This site is a goldmine when it comes to credit information. They offer a lot of graphics that show you exactly where your credit is at, and where it was at months or years before. They also point out below the graphs what items need attention such as credit lines or credit/loan accounts. Another cool feature is the loan feature. Here, you will learn about your active loans, loans that fit your credit profile, and potential savings you can have if you refinance a particular loan.
When on the main page, you get to see information from both TransUnion and Equifax. It will show you your current score and the months prior. Below the graphs showing your score, you will have 4 sections (credit, accounts, auto and tax). These sections talk about credit utilization, amount of credit accounts, current loans (auto and home loans) and tax information. Credit Karma comes feature and information packed. It has with everything you need to manage your credit successfully. The best part is all of this is FREE!
If you would like to sign up for Credit Karma, Sign Up Here.
I haven’t had as much hands-on time with this site, but I can say it is well designed and information rich. This site does have a long wait period between credit checks. While this is a minor inconvenience, I feel it is the most detailed of the group in my opinion. That is a good trade-off.
Everything is easy to read, especially their credit information pages. All account information is presented in little boxes containing the account, account type, account status and a notification if corrective action is needed. They even have public records available if anything has been reported to the credit bureau from courts or other government agencies.
If you would like to sign up for Quizzle, Sign Up Here.
CONTINUE READING BELOW
All of these services are free while also offering a paid premium service with additional features. None of the sites are sneaky with getting you to sign up for these premium services, which is why I’m promoting them. You can still get your basic credit check with the free version of each and detailed enough information to make informed credit decisions and purchases. Always remember to stay on top of your credit so you don’t get blindsided when it’s time for a credit check.
To learn more about how your FICO score is calculated so you can prepare for a credit check, Click Here. There is a lot of information about your FICO credit score components and how to maximize your points.
If you need help repairing your credit prior to a credit check, Visit Here. I talk in depth about how I managed to increase my credit score 200 points within a year. This was all done for free and anyone can do it!