FREE Credit Score & Monitoring ~ From CreditSesame
Since yesterday was Tax day (and I spent a good deal of time last night finishing mine ) it put me into financial planning mode. One of the most important things people often neglect to do is monitor their credit report and score. Your credit score has a direct impact on things such as how much you will be charged in interest when you need to borrow money and how much your home and auto insurance rates will be. I stumbled across CreditSesame while surfing the web today and found that there really is a FREE Credit Score & Monitoring service out there.
There are 3 major credit Bureaus: Experian, TransUnion and Equifax. The credit score that is provided by CreditSesame is your Experian Credit Score. In addition to receiving your credit score you will also receive alerts on any changes to your credit report, you will receive tips on improving and protecting your credit score, get analysis of your existing loans, pre-qualify for new loans and credit cards if you are in the market and many other features. Credit Sesame is completely FREE and does NOT require you to enter any payment information at all.
I just signed up for an account at Credit Sesame myself and it took less than 2 minutes from the time I started until the time I had my Experian Credit Score. The following steps was all it took to get my score:
- I first entered my personal information (name, address, social security number)
- I was then presented with 3 questions that were created from my credit report to verify that it really was me (example: You opened an auto loan in March of 2010 with? and then I had to select the lender from a multiple choice list)
- I was then presented with a set of questions to help personalize my recommendations (Are you looking to buy a house, refinance a house, buy a car, etc. You have to select something so I selected Purchase a car)
- Then I was taken to my CreditSesame credit profile screen which had my credit score and customized recommendations!
I checked with the Better Business Bureau and found that CreditSesame has a great A- Rating. They have also been featured in The New York Times, CNNMoney.com, The Wall Street Journal and on the Today Show.
If you have not been monitoring your credit or you have been paying to monitor your credit you should absolutely give CreditSesame a try.
Question? When was the last time you reviewed your Credit Report and Score? If you took advantage of this FREE Credit Report Offer let us know what you think and if you want to see more posts on personal finance topics in the future!