Monitor Your Credit Score For Free With CreditKarma

Reblogger Carla Harbert
Real Estate Agent with www.LorainCountyHomeSales.com

Emily Medvec posted this wonderful information regarding a website that allows a person to check their credit score for free. This can be so helpful in trying to monitor credit scores at a time when credit rules have tightened up. Emily has given permission for me to re-blog her post, which I do give her a big thank you!

Original content by Emily Medvec Qualifying Broker NM Broker License 16161

EmilyMedvec.Graphic.Credit    Are you tired of jumping in and out of credit bureau hoops online to figure out and even monitor your credit score? You are not alone, especially if you are in the process of securing financing to purchase a home or even invest in real esate. Let's face it, credit scores are really important today after the housing market crash. It may be a buyer's market everywhere, but the key to a mortgage will be based on our credit score.

Although, you are allowed to obtain a free credit report from each of the big three credit bureaus, Experian, Equifax and TransUnion, each one will charge you a separate fee for your score. I highly recommend annualcreditreport.com as a quick and secure way to to get your free credit report. However, the reports are scoreless because the major credit agencies were not required by law to give you your score for free. You have to wonder why or you can write your elected officials who created this loophole.

I am finished with paying the credit bureaus for access to my score. I have discovered another option to review, monitor and track my credit score online. The service is provided by creditkarma.com. It is gaining some interest in the industry and I suggest it to all my customers and clients. The company lets you check your score for free. You do not get to see your credit report, only your score. I recommend using both sites in tandem: one to obtain your report history and the other to monitor your score. Yes, you do have to tell them who you are so they can verify your name, address and social security number. I am comfortable with the security system they have in place to protect me from identity theft. By the way, checking your credit score on a monthly basis does not negatively impact your credit score or your credit. It will educate you about the impact of your debt and spending habits on your ability to borrow when you are ready to enter the housing market. 

Regardless of whether you use any of these two free sites, when it comes to borrowing money, your credit report and credit score will make the difference. Before you spend endless hours searching for real estate online or going to open houses, know your score. 

Do you love Santa Fe? Are you thinking about relocating here? Are you wondering if the Santa Fe housing market has stabilized? Check out this link for Santa Fe home prices and updates for trends in your neighborhood. If you are on Twitter, follow me there for real estate tips or visit www.BreakingSantaFeNews.com for the latest news and experience Santa Fe in real time.

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Rainer
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Chandler Real Estate Liz Harris, MBA
Liz Harris Realty - Chandler, AZ
#ChandlerRealEstateAgent

I've been using CreditKaram for a year... it gives only one score, but it is a good indicator if you attempting to increase it.  Important to remember to pull it monthly so that you can better monitor it!

Nov 29, 2010 03:51 PM #1
Rainmaker
365,350
Carla Harbert
www.LorainCountyHomeSales.com - Avon, OH
RE/MAX Omega: Lorain-Medina County Area

I didn't know it could be pulled monthly, that is a plus. Good to know that you have been using it, too.

Nov 30, 2010 05:01 AM #2
Rainer
225,344
Dave Sullivan
Real Estate One - Birmingham, MI
Michigan Realtor with an investor viewpoint

Good info if you would like to watch me order my free credit report and find out how to get your real FICO score for free watch this http://www.thecreditguy.tv/get-your-credit-report-real-fico-score-for-free/

Jan 29, 2012 01:12 AM #3
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Rainmaker
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Carla Harbert

RE/MAX Omega: Lorain-Medina County Area
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