Where to Check Your Credit
In last weeks’ episode of Money Minute we got the 60-second low down on credit and what it is.
Now that we know credit isn’t dictated the number on your paycheck or the balance in your savings account, let’s take a look at what does play into your credit in the latest episode of Money Minute: Where to Check Your Credit.
How to Read Your Credit Reports
With credit reports in hand from each of the three credit bureaus, you might be thinking, okay, now what? What exactly am I looking for?
To help you answer that question, I’ve put together a FREE Credit Check Checklist to walk you through a complete review of each of your three credit reports.
Enter your name and email to get the step-by-step credit check guide delivered directly to your inbox!
Next time on Money Minute the credit conversation continues as we answer the question, why?
Why does everyone talk about credit so much? Why are there so many credit check commercials? What is it about credit that’s so important?
To find out, be sure you’re SUBSCRIBED to the channel on YouTube.
If there are any $$$ questions you’d like answered in 60 seconds or less, let me know in the comments!
Where to Check Your Credit (Transcript)
We know that credit is a measure of how well you borrow money, but how exactly is that borrowing measured? Is the $20 you keep forgetting to pay your friend back really going to hurt your credit? Probably not, though it does make you kind of a jerk.
As for your credit history, you can find it in your credit reports. Go to annualcreditreport.com to get a free copy of each of your three credit reports from the three credit bureaus Experian, Equifax and Transunion at least once a year.
That’s where you’ll find the credit history used to determine your credit score, which is what lenders use to determine your creditworthiness – that is, whether to lend you money and for how much.
