Did you know Millions of Americans can’t get a auto loan, funding for a business or mortgage because they don't know how to properly monitor and manage their credit score?
Studies show only 33% of Americans checked their credit reports in the past year, down from the last two years.
This represents a drop from 2019, when 39% checked their credit reports, and 37% in 2018. In Fact 1 in 4 Americans have no idea how their credit score is determined.
Monitoring your credit score and knowing how to fix it is so crucial.
Here's a few tips on how to monitor your credit score for FREE.
-You're entitled to a free copy of your credit reports every 12 months from each of the three nationwide credit bureaus by visiting annualcreditreport.com. You can also create a myEquifax account to get six free Equifax credit reports each year. You can also pay if you want access to your score on a daily basis.
- There's a couple of free monitoring sites such as AnnuaCreditReport.com as mentioned above, NerdWallet, CreditWise, CreditSesame, WalletHub or Credit Karma which offer weekly updates and insights on how to keep your score up.
Take these small steps to build towards a stable financial future.