Everyone knows that it’s important to have a good credit score to get the best rates on loans, credit cards and other necessities. Your credit score can be damaged by actions of your own doing or by identity fraud. Most people don’t know what their credit score is until they apply for a line of credit.
Don’t wait until it’s too late, check out these 3 websites that offer free credit monitoring.
1. Credit Sesame
This website helps you manage your credit score and it now offers free credit monitoring. Big credit bureaus charge hefty fees for credit monitoring services, so being able to get it for free is a big deal.
The catch is that Credit Sesame only monitors information from Experian. There are still two other big players in the credit-reporting industry: Equifax and TransUnion. Still, knowing what your credit looks like with Experian will give you an idea of what the other agencies are seeing as well.
2. Credit Karma
Credit Karma is a new addition to the credit monitoring game. They offer a free service that allows users to see their credit profile from TransUnion. Over 9 million people use Credit Karma and of that pool, 4 million use the credit monitoring service.
This is a free website that allows users to get a report from all three of the major bureaus. Users are allowed one free report each year, but true credit monitoring services get more frequent updates. Still, it’s a great resource for people to check up on their credit profiles before applying for large loans, such as mortgages and auto loans.
The advantage of a credit monitoring services is that it helps you keep track of any changes that might be happening to your profile. If an account is opened fraudulently, you’ll know right away rather than waiting to get your annual free report. Users of these services will get notifications via email, phone or a mobile app that will keep them informed and up to date on changes or possible identity theft instances.
Most credit monitoring services allow users to customize which types of events they get notifications for. For example, you can get a notification if your score changes by 10 or more points, or if an account is opened in your name. Limiting the number of notifications you get will make you more likely to pay attention and stay in the loop.
Before you sign up for a credit monitoring service, you should do your homework and check out the reviews to see what other users are saying. Look carefully at fees and what types of events the company monitors to determine if it’s a good fit for your needs.