Keeping Track of Your Credit Score

I just read a blog that claimed only 4% of consumers access their credit report that, by law, is free each year. That means 96% of us never take advantage of this opportunity to review our credit history. In real estate, we deal with credit reports and their impact on clients' financial lives every day. Just one of many reasons to verify the accuracy of the information to ensure your score is as high as possible. To obtain your free report, go to www.annualcreditreport.com. The report won't have a score, so to get that you will need to purchase it from one of the three major reporting agencies: Experian, Equifax or TransUnion. I recently read of a website: creditkarma.com, that provides your score at no charge. Additionally, credit card companies such as Discover are beginning to offer this service to their customers. If it is important to stay on top of our credit score, it makes sense that it is becoming more available to us to do just that.