When’s the last time you looked up your credit score? If it wasn’t within the last month, then it’s been too long.
When’s the last time you read your credit report? Ever?
MoneyTips has built Credit Manager, an innovative, online tool that allows its members to see their credit report and credit score for free within minutes. MoneyTips membership is free; you won’t even need a credit card. You could be reading your credit report next instead of looking at your friends’ selfies on Facebook. Which do you think is more important? (Relax, your friends’ vacation photos will still be there when you’re done!)
In a 2017 exclusive MoneyTips survey, 3 out of 10 admitted not knowing their credit score. Even worse, 1 out of 5 hadn’t seen their credit report in more than a year, and 1 out of 7 revealed that they had never seen their credit report in their entire lives!
If you’re visiting One Cent At A Time, then your credit report should be required reading. It contains the details of your credit history, including:
- Do you pay your bills on time?
- Do you pay back borrowed money as you’ve agreed?
- How big are your credit card balances, and are you paying them off?
Looking at your credit report, you may discover an old bill that you forgot to pay. Or an old bill that you did pay but is still marked “unpaid”. Or a bill that wasn’t even yours to begin with! With negativeitems like these listed on your credit report, when you apply for a credit card or a loan or a mortgage, you have to pay higher interest because lenders consider you a bigger risk than you really are. Someone,somewhere, could have made a mistake that is costing you hundreds of dollars in interest fees! Why should you pay for some else’s mistake?
Right now, hundreds of hackers around the world are trying to steal people’s identities to access their financial accounts. If your credit information is compromised, a crook could open a credit account in your name and rack up huge bills… before you even know about it. That could ruin your credit — and give you headaches — for years. The quicker you notice this unwelcome development, the easier it will be to resolve. Reading your credit report could give you the clue that someone is trying to steal your identity and cash in on your good name.
Even if your account is accurate, it’s important to know your credit score and read your credit report in order to give yourself a financial check-up. Yes, Credit Manager will also provide you with your credit score for free, as well as offer tips on how to raise it and lower your debt and interest payments. By tracking your credit score and reading your credit report, you could learn how to take action to improve your finances.
As you clean up ugly items on your credit report, your credit score will rise. That could save you thousands of dollars in interest if you are planning to buy a home or get you a better credit card with more perks, like cash-back or free travel. A higher credit score could lower the cost of insurance and help you land a job or an apartment.
Signing up to MoneyTips is free, fast and easy. Visit Credit Manager by MoneyTips to check your credit score and read your credit report now.