Millions of US citizens are confused about checking their credit score. Should I check my credit score? That’s a question quite a few ask on the internet because they have doubts about doing it. They have been told that checking the credit score will affect their credit score negatively, but that’s not true. Let’s explore the many reasons a person should check his/her credit score not just once a year but more frequently.
Why Checking Credit Score Makes Sense
Check My Credit Score – You Can Do It for Free
The first thing that should give you the peace of mind is that you can do it for free. If you spend some time on the internet, you will find many companies that will offer you to provide you your credit history for free. It is as though they are doing something for you that you can’t to yourself. The reality is, you can check your credit score without paying anything.
Check My Credit Score – It Does Not Harm Your Credit Score
One of the biggest reasons behind the question “can I check my credit score” is that people believe they will end up harming their score. When a lender makes an inquiry into your credit history, it can have a negative impact. This is why you should not go to too many creditors. The more inquiries they make into your credit the lower your credit score will go. However, when you check the credit yourself, it does not harm it at all. Your inquiries are a good sign that you care about managing your credit. Do not hesitate from checking your credit score often.
Check My Credit Score – You Can Improve It Yourself
There are lots of companies on the internet that promise to help you with your credit score. Can you check my credit score? That’s a question people usually ask these companies as a starting point. The company then promises many things that it will do to improve the credit score of the individual. The truth of the matter is that you can help in the improvement of your credit score yourself. Rather than waiting for a third party company to report your good payments, you should do it yourself. You will be glad to know that you have been provided with an online tool to report your good payments yourself.
Check My Credit Score – To Negotiate with Lenders
When you know your credit score and credit history, you are in a good position to deal with the lenders. What if you are standing at a point that after improving only a few points you will be in a better credit score range? Shouldn’t you use that to your advantage? For instance, you might be about to get into the “excellent” range after improving a few points. By being in that range, you can take advantage of many perks and low interest rates. Even a slight difference in the interest rate can help you shave off quite a few dollars from your overall loan amount. You can negotiate only when you know your credit score.
Check My Credit Score – To Land in a Better Range Automatically
Why should I check my credit score? If you have that question in mind, this point will clarify that. Sometimes, you don’t even have to make any special efforts to land in a better credit scoring range. All you have to do is to find the credit scoring model that goes in your favor. According to one credit scoring model, you might be in the “good” range whereas another credit scoring model might put you in the “very good” range. For example, if your credit score is at 680, you will be classified as being in the “fair” range according to the VantageScore model. On the other hand, this same 680 score will land you in the “good” range if you look at the FICO score.
Check My Credit Score – To Make the Right Moves
If you read about the components of credit score, you can start sorting things out. Rather than worrying where to start with your credit improvement, you should just know which particular areas you need improvement in. For example, opening new line of credit and maintaining it properly can add some positive points to your credit score. Once you have started a new credit line and maintained it properly for six months or more, you can search for “check my credit score” on the internet and see if your rating has improved.
Check y Credit Score – To be Motivated
Sometimes, all you need is some motivation. You won’t be motivated much to do something special if you don’t have a clue where you stand in terms of your credit score. When you finally check your credit score, you will feel something. You might feel the urge to improve regardless of where you stand. If you are in poor category, you will try to come in the fair category. If you are in the good category, you will do your best to come into the very good category.
Check My Credit Score – To Save Money
The online world is full of good and bad companies. There is no dearth of companies that will try to pull you into their trap by telling you things that don’t really exist. They will tell you that you have a bad credit score and they can help you improve it. They will charge heavy fees for their services. However, you can keep them at a distance when you know about your credit score more than them. Do not let them know about your lack of awareness by asking something like “can I check my credit score?”
With the help of the internet, the credit bureaus are trying to make things better. Today, you can pull your credit reports online using a simple tool. Secondly, you can now report your good payments directly to the credit bureaus with an online tool. With these things in your access, it is not far reaching to say that you can take care of your credit score yourself.