How To Get Your Credit Score For Free

Taking control of your personal finances means spending plenty of time looking at numbers.

It can be overwhelming tracking expenses, creating a budget, monitoring credit card balances, and growing your income and net worth.

But it’s also some of the most important work you can do for yourself.

Another number you need to watch is your credit score. There are several different credit scoring models that produce a number between 300 and 850 as your credit score.

According to Experian, people who are financially healthy have higher credit scores.

Lenders use credit scores as a way to assess risk when it comes to lending you money. If you have a low credit score (around 600 or under), you may have trouble obtaining new credit and end up with higher interest rates, if approved.

Landlords use credit scores to approve new tenants and banks for opening new accounts. Some cell phone providers and utility companies also check credit before you can get service.

Your insurance rates can also rise and employers may not hire you if your credit score is too low. That’s why it’s important to keep track of your credit score and do whatever you can to improve it.