3 Free Ways to Monitor Your Credit
There are almost too many options to choose from when it comes to monitoring and protecting your credit history. To simplify, I will discuss three common FREE options. Let’s be honest though – we all know nothing is really free. If it’s free, it almost always means they are collecting and using your data or trying to sell you something. But, it won’t put a dent in your monthly budget. I should also note that the Federal Trade Commission allows consumers to get a free copy of their credit report from the three agencies every 12 months. You can get those at annualcreditreport.com.
#1 - Credit Karma
- Access to free credit score
- Access to reports from TransUnion AND Equifax
- Recommendations to improve your credit score
- Updates weekly
#2 - Credit Sesame
- Access to free credit score
- Access to reports from TransUnion
- Recommendations to improve your credit score
- Snapshot of total debt
- Updates monthly
#3 – CreditWise (from Capital One)
- Access to free credit score
- Access to reports from TransUnion
- Recommendations to improve your credit score
- Updates Weekly
Verdict – I prefer Credit Karma for the ease of use and the fact that it pulls from multiple credit reporting agencies to get a more average number.
Disclaimer: Alex Voorhees and Reston Wealth Management do not own any of the individual stocks mentioned above. Alex Voorhees and Reston Wealth Management do not provide legal, accounting or tax advice. This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified investment, tax or legal advisor. The opinions voiced in this article are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) or strategies may be appropriate for you, consult your financial advisor prior to investing. No strategy assures success or protects against loss. You should consider the investment objectives, risks, charges and expenses of any investment carefully before investing.